In case you missed it- You should READ IT. It's from 1/25/12, and is MSNBC's Text of President’s State of the Union Address.
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President Obama's State of the Union address -- full text of prepared remarks
President Obama delivers his third State
of the Union address, laying out his agenda for the coming year:
building the economy, bringing manufacturing back, and increasing
infrastructure projects. He describes an America "where
hard work pays off and responsibility is rewarded."
Here is the State of the Union speech
as prepared for delivery by President Barack Obama on Tuesday night
before a joint session of Congress:
Mr. Speaker, Mr. Vice President, members of Congress, distinguished guests, and fellow Americans:
Last month, I went to Andrews Air Force
Base and welcomed home some of our last troops to serve in Iraq.
Together, we offered a final, proud salute to the colors under which
more than a million of our fellow citizens fought
– and several thousand gave their lives.
We gather tonight knowing that this
generation of heroes has made the United States safer and more respected
around the world. For the first time in nine years, there are no
Americans fighting in Iraq. For the first time in
two decades, Osama bin Laden is not a threat to this country. Most of
al Qaeda’s top lieutenants have been defeated. The Taliban’s momentum
has been broken, and some troops in Afghanistan have begun to come home.
These achievements are a testament to
the courage, selflessness, and teamwork of America’s Armed Forces. At a
time when too many of our institutions have let us down, they exceed
all expectations. They’re not consumed with
personal ambition. They don’t obsess over their differences. They
focus on the mission at hand. They work together.
Imagine what we could accomplish if we
followed their example. Think about the America within our reach: A
country that leads the world in educating its people. An America that
attracts a new generation of high-tech manufacturing
and high-paying jobs. A future where we’re in control of our own
energy, and our security and prosperity aren’t so tied to unstable parts
of the world. An economy built to last, where hard work pays off, and
responsibility is rewarded.
We can do this. I know we can, because
we’ve done it before. At the end of World War II, when another
generation of heroes returned home from combat, they built the strongest
economy and middle class the world has ever known.
My grandfather, a veteran of Patton’s Army, got the chance to go to
college on the GI Bill. My grandmother, who worked on a bomber assembly
line, was part of a workforce that turned out the best products on
Earth.
The two of them shared the optimism of a
Nation that had triumphed over a depression and fascism. They
understood they were part of something larger; that they were
contributing to a story of success that every American had
a chance to share – the basic American promise that if you worked hard,
you could do well enough to raise a family, own a home, send your kids
to college, and put a little away for retirement.
'Defining issue of our time'
The defining issue of our time is how to keep that promise alive. No challenge is more urgent. No debate is more important. We can either settle for a country where a shrinking number of people do really well, while a growing number of Americans barely get by. Or we can restore an economy where everyone gets a fair shot, everyone does their fair share, and everyone plays by the same set of rules. What’s at stake are not Democratic values or Republican values, but American values. We have to reclaim them.
The defining issue of our time is how to keep that promise alive. No challenge is more urgent. No debate is more important. We can either settle for a country where a shrinking number of people do really well, while a growing number of Americans barely get by. Or we can restore an economy where everyone gets a fair shot, everyone does their fair share, and everyone plays by the same set of rules. What’s at stake are not Democratic values or Republican values, but American values. We have to reclaim them.
Let’s remember how we got here. Long
before the recession, jobs and manufacturing began leaving our shores.
Technology made businesses more efficient, but also made some jobs
obsolete. Folks at the top saw their incomes rise
like never before, but most hardworking Americans struggled with costs
that were growing, paychecks that weren’t, and personal debt that kept
piling up.
In 2008, the house of cards collapsed.
We learned that mortgages had been sold to people who couldn’t afford or
understand them. Banks had made huge bets and bonuses with other
people’s money. Regulators had looked the other
way, or didn’t have the authority to stop the bad behavior.
It was wrong. It was irresponsible.
And it plunged our economy into a crisis that put millions out of work,
saddled us with more debt, and left innocent, hard-working Americans
holding the bag. In the six months before I took
office, we lost nearly four million jobs. And we lost another four
million before our policies were in full effect.
Those are the facts. But so are these.
In the last 22 months, businesses have created more than three million
jobs. Last year, they created the most jobs since 2005. American
manufacturers are hiring again, creating jobs
for the first time since the late 1990s. Together, we’ve agreed to cut
the deficit by more than $2 trillion. And we’ve put in place new rules
to hold Wall Street accountable, so a crisis like that never happens
again.
The state of our Union is getting
stronger. And we’ve come too far to turn back now. As long as I’m
President, I will work with anyone in this chamber to build on this
momentum. But I intend to fight obstruction with action,
and I will oppose any effort to return to the very same policies that
brought on this economic crisis in the first place.
The president calls opportunity for all the "defining issue of our time" in his State of the Union Address.
No, we will not go back to an economy
weakened by outsourcing, bad debt, and phony financial profits.
Tonight, I want to speak about how we move forward, and lay out a
blueprint for an economy that’s built to last – an economy
built on American manufacturing, American energy, skills for American
workers, and a renewal of American values.
Focus on manufacturing
This blueprint begins with American manufacturing.
This blueprint begins with American manufacturing.
On the day I took office, our auto
industry was on the verge of collapse. Some even said we should let it
die. With a million jobs at stake, I refused to let that happen. In
exchange for help, we demanded responsibility.
We got workers and automakers to settle their differences. We got the
industry to retool and restructure. Today, General Motors is back on
top as the world’s number one automaker. Chrysler has grown faster in
the U.S. than any major car company. Ford is
investing billions in U.S. plants and factories. And together, the
entire industry added nearly 160,000 jobs.
We bet on American workers. We bet on American ingenuity. And tonight, the American auto industry is back.
What’s happening in Detroit can happen
in other industries. It can happen in Cleveland and Pittsburgh and
Raleigh. We can’t bring back every job that’s left our shores. But
right now, it’s getting more expensive to do business
in places like China. Meanwhile, America is more productive. A few
weeks ago, the CEO of Master Lock told me that it now makes business
sense for him to bring jobs back home. Today, for the first time in
fifteen years, Master Lock’s unionized plant in Milwaukee
is running at full capacity.
So we have a huge opportunity, at this
moment, to bring manufacturing back. But we have to seize it. Tonight,
my message to business leaders is simple: Ask yourselves what you can
do to bring jobs back to your country, and
your country will do everything we can to help you succeed.
We should start with our tax code.
Right now, companies get tax breaks for moving jobs and profits
overseas. Meanwhile, companies that choose to stay in America get hit
with one of the highest tax rates in the world. It makes
no sense, and everyone knows it.
So let’s change it. First, if you’re a
business that wants to outsource jobs, you shouldn’t get a tax deduction
for doing it. That money should be used to cover moving expenses for
companies like Master Lock that decide to
bring jobs home.
Basic minimum tax
Second, no American company should be able to avoid paying its fair share of taxes by moving jobs and profits overseas. From now on, every multinational company should have to pay a basic minimum tax. And every penny should go towards lowering taxes for companies that choose to stay here and hire here.
Second, no American company should be able to avoid paying its fair share of taxes by moving jobs and profits overseas. From now on, every multinational company should have to pay a basic minimum tax. And every penny should go towards lowering taxes for companies that choose to stay here and hire here.
Third, if you’re an American
manufacturer, you should get a bigger tax cut. If you’re a high-tech
manufacturer, we should double the tax deduction you get for making
products here. And if you want to relocate in a community
that was hit hard when a factory left town, you should get help
financing a new plant, equipment, or training for new workers.
My message is simple. It’s time to stop
rewarding businesses that ship jobs overseas, and start rewarding
companies that create jobs right here in America. Send me these tax
reforms, and I’ll sign them right away.
The president calls for lower taxes on lower-income wage earners but asks for wealthier taxpayers to pay more.
We’re also making it easier for American
businesses to sell products all over the world. Two years ago, I set a
goal of doubling U.S. exports over five years. With the bipartisan
trade agreements I signed into law, we are on
track to meet that goal – ahead of schedule. Soon, there will be
millions of new customers for American goods in Panama, Colombia, and
South Korea. Soon, there will be new cars on the streets of Seoul
imported from Detroit, and Toledo, and Chicago.
I will go anywhere in the world to open
new markets for American products. And I will not stand by when our
competitors don’t play by the rules. We’ve brought trade cases against
China at nearly twice the rate as the last administration
– and it’s made a difference. Over a thousand Americans are working
today because we stopped a surge in Chinese tires. But we need to do
more. It’s not right when another country lets our movies, music, and
software be pirated. It’s not fair when foreign
manufacturers have a leg up on ours only because they’re heavily
subsidized.
Tonight, I’m announcing the creation of a
Trade Enforcement Unit that will be charged with investigating unfair
trade practices in countries like China. There will be more inspections
to prevent counterfeit or unsafe goods from
crossing our borders. And this Congress should make sure that no
foreign company has an advantage over American manufacturing when it
comes to accessing finance or new markets like Russia. Our workers are
the most productive on Earth, and if the playing
field is level, I promise you – America will always win.
I also hear from many business leaders
who want to hire in the United States but can’t find workers with the
right skills. Growing industries in science and technology have twice
as many openings as we have workers who can do
the job. Think about that – openings at a time when millions of
Americans are looking for work.
That’s inexcusable. And we know how to fix it.
Commitment to training
Jackie Bray is a single mom from North Carolina who was laid off from her job as a mechanic. Then Siemens opened a gas turbine factory in Charlotte, and formed a partnership with Central Piedmont Community College. The company helped the college design courses in laser and robotics training. It paid Jackie’s tuition, then hired her to help operate their plant.
Jackie Bray is a single mom from North Carolina who was laid off from her job as a mechanic. Then Siemens opened a gas turbine factory in Charlotte, and formed a partnership with Central Piedmont Community College. The company helped the college design courses in laser and robotics training. It paid Jackie’s tuition, then hired her to help operate their plant.
I want every American looking for work
to have the same opportunity as Jackie did. Join me in a national
commitment to train two million Americans with skills that will lead
directly to a job. My Administration has already
lined up more companies that want to help. Model partnerships between
businesses like Siemens and community colleges in places like Charlotte,
Orlando, and Louisville are up and running. Now you need to give more
community colleges the resources they need
to become community career centers – places that teach people skills
that local businesses are looking for right now, from data management to
high-tech manufacturing.
And I want to cut through the maze of
confusing training programs, so that from now on, people like Jackie
have one program, one website, and one place to go for all the
information and help they need. It’s time to turn our
unemployment system into a reemployment system that puts people to
work.
These reforms will help people get jobs
that are open today. But to prepare for the jobs of tomorrow, our
commitment to skills and education has to start earlier.
For less than one percent of what our
Nation spends on education each year, we’ve convinced nearly every State
in the country to raise their standards for teaching and learning – the
first time that’s happened in a generation.
But challenges remain. And we know how to solve them.
'Teachers matter'
At a time when other countries are doubling down on education, tight budgets have forced States to lay off thousands of teachers. We know a good teacher can increase the lifetime income of a classroom by over $250,000. A great teacher can offer an escape from poverty to the child who dreams beyond his circumstance. Every person in this chamber can point to a teacher who changed the trajectory of their lives. Most teachers work tirelessly, with modest pay, sometimes digging into their own pocket for school supplies – just to make a difference.
At a time when other countries are doubling down on education, tight budgets have forced States to lay off thousands of teachers. We know a good teacher can increase the lifetime income of a classroom by over $250,000. A great teacher can offer an escape from poverty to the child who dreams beyond his circumstance. Every person in this chamber can point to a teacher who changed the trajectory of their lives. Most teachers work tirelessly, with modest pay, sometimes digging into their own pocket for school supplies – just to make a difference.
Teachers
matter. So instead of bashing them, or defending the status quo, let’s
offer schools a deal. Give them the resources to keep good teachers on
the job, and reward the best ones. In return,
grant schools flexibility: To teach with creativity and passion; to
stop teaching to the test; and to replace teachers who just aren’t
helping kids learn.
We also know
that when students aren’t allowed to walk away from their education,
more of them walk the stage to get their diploma. So tonight, I call on
every State to require that all students stay
in high school until they graduate or turn eighteen.
When kids do
graduate, the most daunting challenge can be the cost of college. At a
time when Americans owe more in tuition debt than credit card debt,
this Congress needs to stop the interest rates
on student loans from doubling in July. Extend the tuition tax credit
we started that saves middle-class families thousands of dollars. And
give more young people the chance to earn their way through college by
doubling the number of work-study jobs in the
next five years.
Of course, it’s not enough for us to
increase student aid. We can’t just keep subsidizing skyrocketing
tuition; we’ll run out of money. States also need to do their part, by
making higher education a higher priority in their
budgets. And colleges and universities have to do their part by
working to keep costs down. Recently, I spoke with a group of college
presidents who’ve done just that. Some schools re-design courses to
help students finish more quickly. Some use better
technology. The point is, it’s possible. So let me put colleges and
universities on notice: If you can’t stop tuition from going up, the
funding you get from taxpayers will go down. Higher education can’t be a
luxury – it’s an economic imperative that
every family in America should be able to afford.
Let’s also remember that hundreds of
thousands of talented, hardworking students in this country face another
challenge: The fact that they aren’t yet American citizens. Many were
brought here as small children, are American
through and through, yet they live every day with the threat of
deportation. Others came more recently, to study business and science
and engineering, but as soon as they get their degree, we send them home
to invent new products and create new jobs somewhere
else.
That doesn’t make sense.
'Take on illegal immigration'
I believe as strongly as ever that we should take on illegal immigration. That’s why my Administration has put more boots on the border than ever before. That’s why there are fewer illegal crossings than when I took office.
I believe as strongly as ever that we should take on illegal immigration. That’s why my Administration has put more boots on the border than ever before. That’s why there are fewer illegal crossings than when I took office.
The opponents of action are out of
excuses. We should be working on comprehensive immigration reform right
now. But if election-year politics keeps Congress from acting on a
comprehensive plan, let’s at least agree to stop
expelling responsible young people who want to staff our labs, start
new businesses, and defend this country. Send me a law that gives them
the chance to earn their citizenship. I will sign it right away.
You see, an
economy built to last is one where we encourage the talent and ingenuity
of every person in this country. That means women should earn equal
pay for equal work. It means we should support
everyone who’s willing to work; and every risk-taker and entrepreneur
who aspires to become the next Steve Jobs.
After all,
innovation is what America has always been about. Most new jobs are
created in start-ups and small businesses. So let’s pass an agenda that
helps them succeed. Tear down regulations that
prevent aspiring entrepreneurs from getting the financing to grow.
Expand tax relief to small businesses that are raising wages and
creating good jobs. Both parties agree on these ideas. So put them in a
bill, and get it on my desk this year.
Innovation
also demands basic research. Today, the discoveries taking place in our
federally-financed labs and universities could lead to new treatments
that kill cancer cells but leave healthy ones
untouched. New lightweight vests for cops and soldiers that can stop
any bullet. Don’t gut these investments in our budget. Don’t let other
countries win the race for the future. Support the same kind of
research and innovation that led to the computer
chip and the Internet; to new American jobs and new American
industries.
Nowhere is the promise of innovation
greater than in American-made energy. Over the last three years, we’ve
opened millions of new acres for oil and gas exploration, and tonight,
I’m directing my Administration to open more
than 75 percent of our potential offshore oil and gas resources. Right
now, American oil production is the highest that it’s been in eight
years. That’s right – eight years. Not only that – last year, we
relied less on foreign oil than in any of the past
sixteen years.
But with only 2 percent of the world’s
oil reserves, oil isn’t enough. This country needs an all-out,
all-of-the-above strategy that develops every available source of
American energy – a strategy that’s cleaner, cheaper, and
full of new jobs.
We have a supply of natural gas that can
last America nearly one hundred years, and my Administration will take
every possible action to safely develop this energy. Experts believe
this will support more than 600,000 jobs by
the end of the decade. And I’m requiring all companies that drill for
gas on public lands to disclose the chemicals they use. America will
develop this resource without putting the health and safety of our
citizens at risk.
The development of natural gas will
create jobs and power trucks and factories that are cleaner and cheaper,
proving that we don’t have to choose between our environment and our
economy. And by the way, it was public research
dollars, over the course of thirty years, that helped develop the
technologies to extract all this natural gas out of shale rock –
reminding us that Government support is critical in helping businesses
get new energy ideas off the ground.
Clean energy
What’s true for natural gas is true for clean energy. In three years, our partnership with the private sector has already positioned America to be the world’s leading manufacturer of high-tech batteries. Because of federal investments, renewable energy use has nearly doubled. And thousands of Americans have jobs because of it.
What’s true for natural gas is true for clean energy. In three years, our partnership with the private sector has already positioned America to be the world’s leading manufacturer of high-tech batteries. Because of federal investments, renewable energy use has nearly doubled. And thousands of Americans have jobs because of it.
When Bryan Ritterby was laid off from
his job making furniture, he said he worried that at 55, no one would
give him a second chance. But he found work at Energetx, a wind turbine
manufacturer in Michigan. Before the recession,
the factory only made luxury yachts. Today, it’s hiring workers like
Bryan, who said, “I’m proud to be working in the industry of the
future.”
Our experience with shale gas shows us
that the payoffs on these public investments don’t always come right
away. Some technologies don’t pan out; some companies fail. But I will
not walk away from the promise of clean energy.
I will not walk away from workers like Bryan. I will not cede the wind
or solar or battery industry to China or Germany because we refuse to
make the same commitment here. We have subsidized oil companies for a
century. That’s long enough. It’s time to
end the taxpayer giveaways to an industry that’s rarely been more
profitable, and double-down on a clean energy industry that’s never been
more promising. Pass clean energy tax credits and create these
jobs.
We can also spur energy innovation with
new incentives. The differences in this chamber may be too deep right
now to pass a comprehensive plan to fight climate change. But there’s
no reason why Congress shouldn’t at least set
a clean energy standard that creates a market for innovation. So far,
you haven’t acted. Well tonight, I will. I’m directing my
Administration to allow the development of clean energy on enough public
land to power three million homes. And I’m proud to
announce that the Department of Defense, the world’s largest consumer
of energy, will make one of the largest commitments to clean energy in
history – with the Navy purchasing enough capacity to power a quarter of
a million homes a year.
Of course, the easiest way to save money
is to waste less energy. So here’s another proposal: Help
manufacturers eliminate energy waste in their factories and give
businesses incentives to upgrade their buildings. Their energy
bills will be $100 billion lower over the next decade, and America will
have less pollution, more manufacturing, and more jobs for construction
workers who need them. Send me a bill that creates these jobs.
Building this new energy future should
be just one part of a broader agenda to repair America’s
infrastructure. So much of America needs to be rebuilt. We’ve got
crumbling roads and bridges. A power grid that wastes too much
energy. An incomplete high-speed broadband network that prevents a
small business owner in rural America from selling her products all over
the world.
Construction project red tape
During the Great Depression, America built the Hoover Dam and the Golden Gate Bridge. After World War II, we connected our States with a system of highways. Democratic and Republican administrations invested in great projects that benefited everybody, from the workers who built them to the businesses that still use them today.
During the Great Depression, America built the Hoover Dam and the Golden Gate Bridge. After World War II, we connected our States with a system of highways. Democratic and Republican administrations invested in great projects that benefited everybody, from the workers who built them to the businesses that still use them today.
In the next few weeks, I will sign an
Executive Order clearing away the red tape that slows down too many
construction projects. But you need to fund these projects. Take the
money we’re no longer spending at war, use half
of it to pay down our debt, and use the rest to do some nation-building
right here at home.
There’s never been a better time to
build, especially since the construction industry was one of the
hardest-hit when the housing bubble burst. Of course, construction
workers weren’t the only ones hurt. So were millions of
innocent Americans who’ve seen their home values decline. And while
Government can’t fix the problem on its own, responsible homeowners
shouldn’t have to sit and wait for the housing market to hit bottom to
get some relief.
That’s why I’m sending this Congress a
plan that gives every responsible homeowner the chance to save about
$3,000 a year on their mortgage, by refinancing at historically low
interest rates. No more red tape. No more runaround
from the banks. A small fee on the largest financial institutions will
ensure that it won’t add to the deficit, and will give banks that were
rescued by taxpayers a chance to repay a deficit of trust.
Let’s never forget: Millions of
Americans who work hard and play by the rules every day deserve a
Government and a financial system that do the same. It’s time to apply
the same rules from top to bottom: No bailouts, no handouts,
and no copouts. An America built to last insists on responsibility
from everybody.
We’ve all paid the price for lenders who
sold mortgages to people who couldn’t afford them, and buyers who knew
they couldn’t afford them. That’s why we need smart regulations to
prevent irresponsible behavior. Rules to prevent
financial fraud, or toxic dumping, or faulty medical devices, don’t
destroy the free market. They make the free market work better.
There is no question that some
regulations are outdated, unnecessary, or too costly. In fact, I’ve
approved fewer regulations in the first three years of my presidency
than my Republican predecessor did in his. I’ve ordered
every federal agency to eliminate rules that don’t make sense. We’ve
already announced over 500 reforms, and just a fraction of them will
save business and citizens more than $10 billion over the next five
years. We got rid of one rule from 40 years ago
that could have forced some dairy farmers to spend $10,000 a year
proving that they could contain a spill – because milk was somehow
classified as an oil. With a rule like that, I guess it was worth
crying over spilled milk.
I’m confident a farmer can contain a
milk spill without a federal agency looking over his shoulder. But I
will not back down from making sure an oil company can contain the kind
of oil spill we saw in the Gulf two years ago.
I will not back down from protecting our kids from mercury pollution,
or making sure that our food is safe and our water is clean. I will not
go back to the days when health insurance companies had unchecked power
to cancel your policy, deny you coverage,
or charge women differently from men.
Wall Street rules
And I will not go back to the days when Wall Street was allowed to play by its own set of rules. The new rules we passed restore what should be any financial system’s core purpose: Getting funding to entrepreneurs with the best ideas, and getting loans to responsible families who want to buy a home, start a business, or send a kid to college.
And I will not go back to the days when Wall Street was allowed to play by its own set of rules. The new rules we passed restore what should be any financial system’s core purpose: Getting funding to entrepreneurs with the best ideas, and getting loans to responsible families who want to buy a home, start a business, or send a kid to college.
So if you’re a big bank or financial
institution, you are no longer allowed to make risky bets with your
customers’ deposits. You’re required to write out a “living will” that
details exactly how you’ll pay the bills if you
fail – because the rest of us aren’t bailing you out ever again. And
if you’re a mortgage lender or a payday lender or a credit card company,
the days of signing people up for products they can’t afford with
confusing forms and deceptive practices are over.
Today, American consumers finally have a watchdog in Richard Cordray
with one job: To look out for them.
We will also establish a Financial
Crimes Unit of highly trained investigators to crack down on large-scale
fraud and protect people’s investments. Some financial firms violate
major anti-fraud laws because there’s no real penalty
for being a repeat offender. That’s bad for consumers, and it’s bad
for the vast majority of bankers and financial service professionals who
do the right thing. So pass legislation that makes the penalties for
fraud count.
And tonight, I am asking my Attorney
General to create a special unit of federal prosecutors and leading
state attorneys general to expand our investigations into the abusive
lending and packaging of risky mortgages that led
to the housing crisis. This new unit will hold accountable those who
broke the law, speed assistance to homeowners, and help turn the page on
an era of recklessness that hurt so many Americans.
A return to the American values of fair
play and shared responsibility will help us protect our people and our
economy. But it should also guide us as we look to pay down our debt
and invest in our future.
Right now, our most immediate priority
is stopping a tax hike on 160 million working Americans while the
recovery is still fragile. People cannot afford losing $40 out of each
paycheck this year. There are plenty of ways to
get this done. So let’s agree right here, right now: No side issues.
No drama. Pass the payroll tax cut without delay.
When it comes to the deficit, we’ve
already agreed to more than $2 trillion in cuts and savings. But we
need to do more, and that means making choices. Right now, we’re poised
to spend nearly $1 trillion more on what was supposed
to be a temporary tax break for the wealthiest 2 percent of Americans.
Right now, because of loopholes and shelters in the tax code, a quarter
of all millionaires pay lower tax rates than millions of middle-class
households. Right now, Warren Buffett pays
a lower tax rate than his secretary.
Do we want to keep these tax cuts for
the wealthiest Americans? Or do we want to keep our investments in
everything else – like education and medical research; a strong military
and care for our veterans? Because if we’re serious
about paying down our debt, we can’t do both.
The American people know what the right
choice is. So do I. As I told the Speaker this summer, I’m prepared to
make more reforms that rein in the long term costs of Medicare and
Medicaid, and strengthen Social Security, so
long as those programs remain a guarantee of security for seniors.
But in return, we need to change our tax
code so that people like me, and an awful lot of Members of Congress,
pay our fair share of taxes. Tax reform should follow the Buffett
rule: If you make more than $1 million a year,
you should not pay less than 30 percent in taxes. And my Republican
friend Tom Coburn is right: Washington should stop subsidizing
millionaires. In fact, if you’re earning a million dollars a year, you
shouldn’t get special tax subsidies or deductions.
On the other hand, if you make under $250,000 a year, like 98 percent
of American families, your taxes shouldn’t go up. You’re the ones
struggling with rising costs and stagnant wages. You’re the ones who
need relief.
Now, you can call this class warfare all
you want. But asking a billionaire to pay at least as much as his
secretary in taxes? Most Americans would call that common sense.
We don’t begrudge financial success in
this country. We admire it. When Americans talk about folks like me
paying my fair share of taxes, it’s not because they envy the rich.
It’s because they understand that when I get tax
breaks I don’t need and the country can’t afford, it either adds to the
deficit, or somebody else has to make up the difference – like a senior
on a fixed income; or a student trying to get through school; or a
family trying to make ends meet. That’s not
right. Americans know it’s not right. They know that this
generation’s success is only possible because past generations felt a
responsibility to each other, and to their country’s future, and they
know our way of life will only endure if we feel that same
sense of shared responsibility. That’s how we’ll reduce our deficit.
That’s an America built to last.
Washington gridlock
I recognize that people watching tonight have differing views about taxes and debt; energy and health care. But no matter what party they belong to, I bet most Americans are thinking the same thing right now: Nothing will get done this year, or next year, or maybe even the year after that, because Washington is broken.
I recognize that people watching tonight have differing views about taxes and debt; energy and health care. But no matter what party they belong to, I bet most Americans are thinking the same thing right now: Nothing will get done this year, or next year, or maybe even the year after that, because Washington is broken.
Can you blame them for feeling a little cynical?
The greatest blow to confidence in our
economy last year didn’t come from events beyond our control. It came
from a debate in Washington over whether the United States would pay its
bills or not. Who benefited from that fiasco?
I’ve talked tonight about the deficit of
trust between Main Street and Wall Street. But the divide between this
city and the rest of the country is at least as bad – and it seems to
get worse every year.
Some of this has to do with the
corrosive influence of money in politics. So together, let’s take some
steps to fix that. Send me a bill that bans insider trading by Members
of Congress, and I will sign it tomorrow. Let’s
limit any elected official from owning stocks in industries they
impact. Let’s make sure people who bundle campaign contributions for
Congress can’t lobby Congress, and vice versa – an idea that has
bipartisan support, at least outside of Washington.
Some of what’s broken has to do with the
way Congress does its business these days. A simple majority is no
longer enough to get anything – even routine business – passed through
the Senate. Neither party has been blameless
in these tactics. Now both parties should put an end to it. For
starters, I ask the Senate to pass a rule that all judicial and public
service nominations receive a simple up or down vote within 90 days.
The executive branch also needs to
change. Too often, it’s inefficient, outdated and remote. That’s why
I’ve asked this Congress to grant me the authority to consolidate the
federal bureaucracy so that our Government is leaner,
quicker, and more responsive to the needs of the American people.
Finally, none of these reforms can
happen unless we also lower the temperature in this town. We need to
end the notion that the two parties must be locked in a perpetual
campaign of mutual destruction; that politics is about
clinging to rigid ideologies instead of building consensus around
common sense ideas.
In his State of the Union address, President Obama calls on leaders to work for a "smarter, more effective government."
'Smarter, more effective government'
I’m a Democrat. But I believe what Republican Abraham Lincoln believed: That Government should do for people only what they cannot do better by themselves, and no more. That’s why my education reform offers more competition, and more control for schools and States. That’s why we’re getting rid of regulations that don’t work. That’s why our health care law relies on a reformed private market, not a Government program.
I’m a Democrat. But I believe what Republican Abraham Lincoln believed: That Government should do for people only what they cannot do better by themselves, and no more. That’s why my education reform offers more competition, and more control for schools and States. That’s why we’re getting rid of regulations that don’t work. That’s why our health care law relies on a reformed private market, not a Government program.
On the other
hand, even my Republican friends who complain the most about Government
spending have supported federally-financed roads, and clean energy
projects, and federal offices for the folks back
home.
The point
is, we should all want a smarter, more effective Government. And while
we may not be able to bridge our biggest philosophical differences this
year, we can make real progress. With or without
this Congress, I will keep taking actions that help the economy grow.
But I can do a whole lot more with your help. Because when we act
together, there is nothing the United States of America can’t achieve.
That is the lesson we’ve learned from our actions abroad over the last few years.
Ending the Iraq war has allowed us to
strike decisive blows against our enemies. From Pakistan to Yemen, the
al Qaeda operatives who remain are scrambling, knowing that they can’t
escape the reach of the United States of America.
From this position of strength, we’ve
begun to wind down the war in Afghanistan. Ten thousand of our troops
have come home. Twenty-three thousand more will leave by the end of
this summer. This transition to Afghan lead will
continue, and we will build an enduring partnership with Afghanistan,
so that it is never again a source of attacks against America.
As the tide of war recedes, a wave of
change has washed across the Middle East and North Africa, from Tunis to
Cairo; from Sana’a to Tripoli. A year ago, Qadhafi was one of the
world’s longest-serving dictators – a murderer
with American blood on his hands. Today, he is gone. And in Syria, I
have no doubt that the Assad regime will soon discover that the forces
of change can’t be reversed, and that human dignity can’t be denied.
How this incredible transformation will
end remains uncertain. But we have a huge stake in the outcome. And
while it is ultimately up to the people of the region to decide their
fate, we will advocate for those values that
have served our own country so well. We will stand against violence
and intimidation. We will stand for the rights and dignity of all human
beings – men and women; Christians, Muslims, and Jews. We will support
policies that lead to strong and stable democracies
and open markets, because tyranny is no match for liberty.
Facing Iran
And we will safeguard America’s own security against those who threaten our citizens, our friends, and our interests. Look at Iran. Through the power of our diplomacy, a world that was once divided about how to deal with Iran’s nuclear program now stands as one. The regime is more isolated than ever before; its leaders are faced with crippling sanctions, and as long as they shirk their responsibilities, this pressure will not relent. Let there be no doubt: America is determined to prevent Iran from getting a nuclear weapon, and I will take no options off the table to achieve that goal. But a peaceful resolution of this issue is still possible, and far better, and if Iran changes course and meets its obligations, it can rejoin the community of nations.
And we will safeguard America’s own security against those who threaten our citizens, our friends, and our interests. Look at Iran. Through the power of our diplomacy, a world that was once divided about how to deal with Iran’s nuclear program now stands as one. The regime is more isolated than ever before; its leaders are faced with crippling sanctions, and as long as they shirk their responsibilities, this pressure will not relent. Let there be no doubt: America is determined to prevent Iran from getting a nuclear weapon, and I will take no options off the table to achieve that goal. But a peaceful resolution of this issue is still possible, and far better, and if Iran changes course and meets its obligations, it can rejoin the community of nations.
The renewal of American leadership can
be felt across the globe. Our oldest alliances in Europe and Asia are
stronger than ever. Our ties to the Americas are deeper. Our iron-clad
commitment to Israel’s security has meant
the closest military cooperation between our two countries in history.
We’ve made it clear that America is a Pacific power, and a new
beginning in Burma has lit a new hope. From the coalitions we’ve built
to secure nuclear materials, to the missions we’ve
led against hunger and disease; from the blows we’ve dealt to our
enemies; to the enduring power of our moral example, America is back.
Anyone who tells you otherwise, anyone
who tells you that America is in decline or that our influence has
waned, doesn’t know what they’re talking about. That’s not the message
we get from leaders around the world, all of whom
are eager to work with us. That’s not how people feel from Tokyo to
Berlin; from Cape Town to Rio; where opinions of America are higher than
they’ve been in years. Yes, the world is changing; no, we can’t
control every event. But America remains the one
indispensable nation in world affairs – and as long as I’m President, I
intend to keep it that way.
That’s why, working with our military
leaders, I have proposed a new defense strategy that ensures we maintain
the finest military in the world, while saving nearly half a trillion
dollars in our budget. To stay one step ahead
of our adversaries, I have already sent this Congress legislation that
will secure our country from the growing danger of cyber-threats.
Above all, our freedom endures because
of the men and women in uniform who defend it. As they come home, we
must serve them as well as they served us. That includes giving them
the care and benefits they have earned – which
is why we’ve increased annual VA spending every year I’ve been
President. And it means enlisting our veterans in the work of
rebuilding our Nation.
With the bipartisan support of this
Congress, we are providing new tax credits to companies that hire vets.
Michelle and Jill Biden have worked with American businesses to secure a
pledge of 135,000 jobs for veterans and their
families. And tonight, I’m proposing a Veterans Job Corps that will
help our communities hire veterans as cops and firefighters, so that
America is as strong as those who defend her.
'Learn from the service of our troops'
Which brings me back to where I began. Those of us who’ve been sent here to serve can learn from the service of our troops. When you put on that uniform, it doesn’t matter if you’re black or white; Asian or Latino; conservative or liberal; rich or poor; gay or straight. When you’re marching into battle, you look out for the person next to you, or the mission fails. When you’re in the thick of the fight, you rise or fall as one unit, serving one Nation, leaving no one behind.
Which brings me back to where I began. Those of us who’ve been sent here to serve can learn from the service of our troops. When you put on that uniform, it doesn’t matter if you’re black or white; Asian or Latino; conservative or liberal; rich or poor; gay or straight. When you’re marching into battle, you look out for the person next to you, or the mission fails. When you’re in the thick of the fight, you rise or fall as one unit, serving one Nation, leaving no one behind.
One of my proudest possessions is the
flag that the SEAL Team took with them on the mission to get bin Laden.
On it are each of their names. Some may be Democrats. Some may be
Republicans. But that doesn’t matter. Just like
it didn’t matter that day in the Situation Room, when I sat next to Bob
Gates – a man who was George Bush’s defense secretary; and Hillary
Clinton, a woman who ran against me for president.
All that mattered that day was the
mission. No one thought about politics. No one thought about
themselves. One of the young men involved in the raid later told me
that he didn’t deserve credit for the mission. It only succeeded,
he said, because every single member of that unit did their job – the
pilot who landed the helicopter that spun out of control; the translator
who kept others from entering the compound; the troops who separated
the women and children from the fight; the SEALs
who charged up the stairs. More than that, the mission only succeeded
because every member of that unit trusted each other – because you can’t
charge up those stairs, into darkness and danger, unless you know that
there’s someone behind you, watching your
back.
So it is with America. Each time I look
at that flag, I’m reminded that our destiny is stitched together like
those fifty stars and those thirteen stripes. No one built this country
on their own. This Nation is great because
we built it together. This Nation is great because we worked as a
team. This Nation is great because we get each other’s backs. And if
we hold fast to that truth, in this moment of trial, there is no
challenge too great; no mission too hard. As long as
we’re joined in common purpose, as long as we maintain our common
resolve, our journey moves forward, our future is hopeful, and the state
of our Union will always be strong.
Thank you, God bless you, and may God bless the United States of America.
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