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Putting Americans Back to Work: President Obama Speaks on the Debt Compromise

Posted on August 02, 2011 at 02:11 PM EDT

Type: Blog Post, Includes Video

approved a compromise to reduce the deficit and avert a default that would have devastated the economy. Speaking from the Rose Garden,   P resident Obama thanked the American people  for reaching out to their elected officials during the debate, and stressed that this compromise guarantees more than $2 trillion in deficit reduction, and will ensure that as a nation we live within our means, while still making key investments in things that lead to new jobs, like education and research. The President noted that this is just the first step, and that both parties must work together on a larger plan for the long-term health of our economy: And since you can’t close the deficit with just spending cuts, we’ll need a balanced approach where ...

Alan Kruger to Speak on Reversing the Middle-Class Jobs Deficit

. Thursday, April 26 : Alan B. Krueger, Chairman of President Obama's Council of Economic Advisers (CEA) will deliver a speech on Reversing the Middle-Class Jobs Deficit.  WASHINGTON – At 9:15 am EDT on Thursday, April 26, 2012, President Obama’s Chairman of the Council of Economic Advisers, Alan B. Krueger, will deliver a keynote address at Columbia University’s new Center on Global Economic Governance.    Chairman Krueger’s remarks titled “Reversing the Middle-Class Jobs Deficit ... linked to from WhiteHouse.gov/live. WHO:              Alan B. Krueger, Chairman, Council of Economic Advisers   WHAT:           Remarks on "Reversing the Middle-Class Jobs Deficit"   WHEN:           9 ...

Chairman Alan Krueger Discusses Reversing the Middle-Class Jobs Deficit

At 9:15 EDT on Thursday, April 26, 2012, President Obama’s Chairman of the Council of Economic Advisers, Alan B. Krueger delivered remarks on “Reversing the Middle-Class Jobs Deficit” at the Columbia University in New York City, New York. In his prepared remarks, Chairman Krueger said: I will address problems in the U.S. labor market and President Obama’s blueprint to fix them.  My theme is that it will take a concerted national effort to reverse the problems that have been ... the middle-class jobs deficit.  It is imperative for policymakers to develop and promote these strengths to create an expanding middle class and provide more opportunity for more young people, regardless of their family backgrounds.  As President Obama has ...

Official Sources Agree: The Affordable Care Act Reduces the Deficit

are reading about another brand of “new math” in describing how the Affordable Care Act will affect our nation’s Federal budget deficit. In another attempt to refight the battles of the past, one former Bush Administration official is wrongly claiming that some of the savings in the Affordable Care Act are “double-counted” and that the law actually increases the deficit. This claim is false. According to the official Administration and Congressional scorekeepers, the Affordable Care Act will reduce the deficit: its costs are more than fully paid for.  The Office of Management and Budget and Congressional Budget Office project lower Federal budget deficits as a result of the law. The Congressional Budget Office is charged with assessing how legislation ...

American Jobs Act

's Long-Term Deficit Reduction Plan To ensure that the American Jobs Act is fully paid for , the President has called on the Joint Congressional Committee to achieve additional deficit reduction necessary to pay for the Act and still meet its deficit target. The President will, in the coming days, release a detailed plan that will show how the Committee can achieve the additional deficit reduction necessary to meet the President’s goal of stabilizing our debt as a share of the economy and pay ...

CBO: The President’s Budget Will Bring Down the Deficit

Today, the non-partisan, Congressional Budget Office (CBO) released its analysis  of the President’s 2013 Budget , and it confirms that the President has a balanced plan to reduce our budget deficits and put the country on a fiscally sustainable path, which is critical to constructing an economy that is built to last. CBO found that by 2016 deficits as a share of the economy would be below 3 percent – a key milestone of fiscal sustainability. It found that after implementing ... are continued, the President’s Budget reduces the deficit by more than $4 trillion, according to CBO’s own estimates. What’s important here is not just where the Budget takes us, but how we get there. CBO shows that we can achieve this level of deficit ...

Resources on the Ongoing Debate about our National Debt

President Obama: "Just the First Step" After Congress approved the compromise to reduce the deficit and avert a default that would have devastated the economy, President Obama addressed this important first step from the Rose Garden. President Obama Supports the Bipartisan Deal President Obama spoke in support of a bipartisan deal to reduce the nation's deficit and avoid default. It extends the debt limit to 2013, removing the cloud of uncertainty over ... /07/31/president-obama-delivers-statement-deficit-agreement", "shareTitle": "President Obama Delivers a Statement on Deficit Agreement", "image": "http://default/sites/default/files/imagecache/gallery_video_full/audio-video/video_thumbnail/0731-potus-2.jpg", "width ...

Organizations Respond to President Obama's Plan for Economic Growth and Deficit Reduction

President Obama's plan for economic growth and deficit reduction details how to pay for the American Jobs Act while also paying down our debt over time. Organizations are adding their voices of support to the conversation. On Monday, President Obama unveiled a plan for economic growth and deficit reduction  (pdf) that details how to pay for the American Jobs Act  while also paying down our debt over time. The plan, which is being sent to the Congressional Joint Committee on Deficit Reduction, offers a balanced approach to further reduce our nation’s deficit and get our fiscal house in order, based on the values of shared responsibility and shared sacrifice. Organizations are adding their voice to the conversation and we would ...

The President’s Plan for Economic Growth and Deficit Reduction

jumpstart economic growth and job creation now – and to lay the foundation for it to continue for years to come. The President’s Plan for Economic Growth and Deficit Reduction  lives up to a simple idea: as a Nation, we can live within our means ... is no longer adding to our debt, debt is falling as a share of the economy, and deficits are at a sustainable level. Now, let me review some of its main components. First, the plan includes the American Jobs Act  – a set of ideas supported ... , and to help with deficit reduction since a growing economy is a vital part to reducing our deficits and debt. Second, the plan lays out a way to live within our means so that we can invest in the things that will power economic growth for decades to come ...

The President’s Plan for Economic Growth and Deficit Reduction

for years to come. The President’s Plan for Economic Growth and Deficit Reduction lives up to a simple idea: as a Nation, we can live within our means while still making the investments we need to prosper – from a jobs bill that is needed right now ... Control Act – for a total savings of more than $4 trillion over the next decade. This would bring the country to a place, by 2017, where current spending is no longer adding to our debt, debt is falling as a share of the economy, and deficits ... of working Americans. It’s imperative that we pass this bill now both to get the economy moving again and creating jobs at the pace we need it, and to help with deficit reduction since a growing economy is a vital part to reducing our deficits and debt ...