Obamas Weekly Addre 0226__ (Win the Future)_Obama

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Prepared Remarks of President

BarackObama

Weekly Addre

Saturday, February 26, 2011

WASHINGTON – In this week’s addre, President Obama said that he expects Democratic and Republican leaders in Congre to find common ground as Congre focuses on a short term budget next week.The President will consider any serious ideas to reduce the deficit, regardle of which party proposes them.In fact, the President has already proposed freezing domestic spending, which would cut the deficit by $400 billion and bring this kind of spending to the lowest level, as a percentage of our economy, since the Eisenhower administration.But, cutting investments in education and innovation would hinder our ability to out-compete the rest of the world.While the President recognizes that everyone needs to be willing to sacrifice, we cannot sacrifice our country’s ability to win the future.Over the last month, I’ve been traveling the country, talking to Americans about how we can.Doing that will require a government that , and cuts whatever spending we can afford to.But it will also require– training and educating our workers;increasing our commitment to research and technology;building new roads and bridges, high-speed rail and high-speed internet.In cities and towns throughout America, I’ve seen the benefits of these investments.The schools and colleges of Oregon are providing Intel – the state’s largest private employer – with a steady stream of highly-educated workers and engineers.At Parkville Middle School outside of Baltimore, engineering is the most popular subject, thanks to outstanding teachers who are inspiring students totheir math and science skills.In Wisconsin, a company called Orion is putting hundreds of people to work manufacturing

energy-efficient lights in a once-shuttered plant.And in the small community of Marquette, in Michigan’s Upper Peninsula,high-speed internet has allowed students and entrepreneurs tothe global economy.One small busine, a third-generation, family-owned clothing shop called Getz’s is now selling their products online, which has helped them double their workforce and make them one of America’s 5,000 fastest-growing companies in a recent listing.Each of these places reminds us that investments in education, innovation, and infrastructure are an eential down paymentour future.But they also remind us that the only way we can afford these investments is byour fiscal house.Just like any family, we have totothings we absolutely need.That’s why I’veannual domestic spending over the next five years – a freeze that wouldmore than $400 billion over the next decade, bringing this kind of spendingsince Dwight Eisenhower was President.Just to be clear, that’s lower than it wasthe past three administrations, and lower than it wasRonald Reagan.Now,this budget freezewill require tough choices.That’s why I’vefor hardworking civil servants for three years, and proposedI care about deeply, like community action programs in low-income neighborhoods.I’m not taking these steps lightly – but I’m taking them because our economic future demands it.Still,annual domestic spending is.If we’re serious aboutour long-run fiscal challenges, we also need toexceive spending wherever we find it – in defense spending, spending in Medicare and Medicaid, and spending through tax breaks and loopholes.I’m willing to consider any serious ideas to help us– no matter what party is proposing them.But instead of cutting the investments in education and innovation we need to , we need a balanced approachdeficit reduction.We all need to be willing to sacrifice, but we can’t sacrifice our future.Next week, Congre willa short-term budget.our people and our economy, we cannot.Both Democratic and Republican leaders in the House and Senate have said they believe it’s important to keep the government running while weto reduce our long-term deficit.Given that, I urge and expect them toso we can accelerate, not impede, economic growth.It won’t be easy.There will be plenty of debates and disagreements, and neither party will get everything it wants.Both sides will have to compromise.That’s what it will take to do what’s right for our country.And I look forward to working with members of both parties tothat cuts what we can’t afford,America’sin the world, and helps us.Thanks everyone, and have a nice weekend.

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