Senator Richard Burr Delivers Weekly Republican Address 02/28/09 VIDEO PODCAST TEXT

PODCAST Senator Richard Burr Delivers Republican weekly radio address download MP3 4.2 mb running time 4:25 min.

Full Text Transcript:

“This week, President Obama shared with all Americans his priorities and concerns about the serious economic challenges we as America are facing. I appreciated his optimism and agree with him that our country has the ability to overcome this significant economic challenge.

“The strongest tool we as Americans have is our ability to rally together and to find solutions with unity of purpose. There is no limit to our ability and potential when we as a nation and as a people work together.

“Many times, disagreements between the two political parties in Washington get all the headlines. What’s not reported is the fact that Republicans and Democrats agree on where we want to go, but we disagree on how we’re going to get there.

“These uncertain times present us with a defining moment. The actions and decisions we make and the actions we take in our nation’s capital and in the state capitals across this country will have a profound impact on the way of life for years to come.

“Families facing tough decisions at home know this because they are confronting the same challenges. Washington needs to understand this reality as well. It’s difficult to fully appreciate, but every time Congress and the President spends a dollar, it’s actually a dollar PLUS interest that our children and our grandchildren will have to pay back.

“We must remind ourselves of this fact every single day. Unfortunately, Washington is in a state of denial. Our spending habits haven’t gotten better, they’ve only gotten worse.

“It seems that every morning you pick up the newspaper, you’re reading about another multi-billion dollar government spending plan being proposed or even worse, passed. The numbers are so large, and the deficits so staggering, it’s difficult for the average person to imagine how much money we’re talking about. We become numb to what the dollar figures really mean, or the obligation that accompanies them. Let me take a moment to try to explain what is happening in Washington right now, and what it will mean for all of us down the road.

“This week, the president submitted to Congress the single largest increase in federal spending in the history of the United States, while driving the deficit to levels that were once thought impossible. If we just look at what our debt spending will cost us in interest payments alone, we are talking about 4 trillion dollars over the next 10 years, more than a billion dollars of interest payments every day. Think of that 4 trillion as a finance charge on your credit card bill – you have to pay, but you get nothing for it in return. This finance charge obligates more than $52,000 for every family in America over the same 10 year period.

“These payments don’t even make a dent in the balance we owe. In fact, the balance on our credit card continues to grow as we continue to spend. Like a family that find itself choking under the weight of credit card balances and finance charges, the federal government is quickly obligating the American people to a similar fate.

“This is why we must keep our eye on the big picture. For two centuries, the American Dream has depended on the simple belief that men and women work hard so their children would have a better future. Looking at the spending priorities of Democrats in Washington in the proposed budget and over the past month, it’s hard to escape the reality that for the first time we could see the American Dream vanish. Now, instead of working hard so our children can have a better life tomorrow, we are asking our children to work hard so that we don’t have to make tough choices today.

“It’s long past time to show restraint and to make the tough choices that will help put our fiscal house in order. Generations of Americans past have often been called on to make great sacrifices for their country. Many have made the ultimate sacrifice. Is it not time for government to make sacrifices for future generations? It’s time for those elected to lead. Will we rise to the challenge, and make the tough choices necessary? Or will we simply hand the obligation to our children and wish them good luck?”

President Obama Weekly Address 02/28/09 PODCAST VIDEO TEXT

SATURDAY, February 28, 2009 WEEKLY ADDRESS BY THE PRESIDENT TO THE NATION PODCAST OF THIS ARTICLE Download MP3 4.7 mb

Remarks of President Barack Obama Weekly Address Saturday, February 28th, 2009 Washington, DC

Two years ago, we set out on a journey to change the way that Washington works.

We sought a government that served not the interests of powerful lobbyists or the wealthiest few, but the middle-class Americans I met every day in every community along the campaign trail – responsible men and women who are working harder than ever, worrying about their jobs, and struggling to raise their families. In so many town halls and backyards, they spoke of their hopes for a government that finally confronts the challenges that their families face every day; a government that treats their tax dollars as responsibly as they treat their own hard-earned paychecks.

That is the change I promised as a candidate for president. It is the change the American people voted for in November. And it is the change represented by the budget I sent to Congress this week.

During the campaign, I promised a fair and balanced tax code that would cut taxes for 95% of working Americans, roll back the tax breaks for those making over $250,000 a year, and end the tax breaks for corporations that ship our jobs overseas. This budget does that.

I promised an economy run on clean, renewable energy that will create new American jobs, new American industries, and free us from the dangerous grip of foreign oil. This budget puts us on that path, through a market-based cap on carbon pollution that will make renewable energy the profitable kind of energy; through investments in wind power and solar power; advanced biofuels, clean coal, and more fuel-efficient American cars and American trucks.

I promised to bring down the crushing cost of health care – a cost that bankrupts one American every thirty seconds, forces small businesses to close their doors, and saddles our government with more debt. This budget keeps that promise, with a historic commitment to reform that will lead to lower costs and quality, affordable health care for every American.

I promised an education system that will prepare every American to compete, so Americans can win in a global economy. This budget will help us meet that goal, with new incentives for teacher performance and pathways for advancement; new tax credits that will make college more affordable for all who want to go; and new support to ensure that those who do go finish their degree.

This budget also reflects the stark reality of what we’ve inherited – a trillion dollar deficit, a financial crisis, and a costly recession. Given this reality, we’ll have to be more vigilant than ever in eliminating the programs we don’t need in order to make room for the investments we do need. I promised to do this by going through the federal budget page by page, and line by line. That is a process we have already begun, and I am pleased to say that we’ve already identified two trillion dollars worth of deficit-reductions over the next decade. We’ve also restored a sense of honesty and transparency to our budget, which is why this one accounts for spending that was hidden or left out under the old rules.

I realize that passing this budget won’t be easy. Because it represents real and dramatic change, it also represents a threat to the status quo in Washington. I know that the insurance industry won’t like the idea that they’ll have to bid competitively to continue offering Medicare coverage, but that’s how we’ll help preserve and protect Medicare and lower health care costs for American families. I know that banks and big student lenders won’t like the idea that we’re ending their huge taxpayer subsidies, but that’s how we’ll save taxpayers nearly $50 billion and make college more affordable. I know that oil and gas companies won’t like us ending nearly $30 billion in tax breaks, but that’s how we’ll help fund a renewable energy economy that will create new jobs and new industries. In other words, I know these steps won’t sit well with the special interests and lobbyists who are invested in the old way of doing business, and I know they’re gearing up for a fight as we speak. My message to them is this:

So am I.

The system we have now might work for the powerful and well-connected interests that have run Washington for far too long, but I don’t. I work for the American people. I didn’t come here to do the same thing we’ve been doing or to take small steps forward, I came to provide the sweeping change that this country demanded when it went to the polls in November. That is the change this budget starts to make, and that is the change I’ll be fighting for in the weeks ahead – change that will grow our economy, expand our middle-class, and keep the American Dream alive for all those men and women who have believed in this journey from the day it began.

Thanks for listening.