“We reject that Americans must choose between caring for the generation that built this country and investing in the generation that will build its future,” Obama told the crowd of hundreds of thousands of spectators who descended on the National Mall Monday morning. “The commitments we make to each other—through Medicare, and Medicaid and Social Security—these things do not sap our initiative; they strengthen us. They do not make us a nation of takers; they free us to take the risks that make this country great.”
“I have to tell you that over the course of several years as I have talked to friends and family and neighbors when I think about members of my own staff who are in incredibly committed monogamous relationships, same-sex relationships, who are raising kids together, when I think about those soldiers or airmen or marines or sailors who are out there fighting on my behalf and yet feel constrained, even now that Don’t Ask Don’t Tell is gone, because they are not able to commit themselves in a marriage, at a certain point I’ve just concluded that for me personally it is important for me to go ahead and affirm that I think same sex couples should be able to get married.” – President Barack Obama
Everything in this bill will be paid for. Everything.
President Obama in tonight’s jobs speech.
THE FACTS: Obama did not spell out exactly how he would pay for the measures contained in his nearly $450 billion American Jobs Act, but said he would send his proposed specifics in a week to the new congressional supercommittee charged with finding budget savings. White House aides suggested that new deficit spending in the near-term to try to promote job creation would be paid for in the future — the “out years,” in legislative jargon — but they did not specify what would be cut or what revenues they would use.
AP fact checks Obama’s speech: http://yhoo.it/qceCLb
President Obama will lay out new ideas to boost in the economy in a major speech soon after Labor Day. He’s mulling tax cuts for companies that hire workers, infrastructure spending on roads and construction and other measures aimed at the long-term unemployed, administration officials told the Washington Post.
Congressional approval would be needed for those plans, and that’s far from assured. But some of the other measures said to be under consideration, like mortgage relief for struggling homeowners, could be done through executive orders.
Nearly 14 million Americans are officially unemployed, though the figure would be much higher—around 25 million—if it included those who have given up looking for work.