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1.Calling on Congre to Prevent Student Interest Rates from Doubling Saturday, April 21, 2012
Hi.This week, I got the chance to sit down with some impreive students at Lorain County Community College in Ohio.One of them was a woman named Andrea Ashley.Two years ago, Andrea lost her job as an HR analyst.Today, she’s getting certified in the fast-growing field of electronic medical records.Before enrolling at Lorain, Andrea told me she was looking everywhere trying to find a new job.But without a degree, she said that nobody would hire her.Andrea’s story isn’t unique.I’ve met so many Americans who are out there pounding the pavement looking for work only to discover that they need new skills.And I’ve met a lot of employers who are looking for workers, but can’t find ones with the skills they’re looking for.So we should be doing everything we can to put higher education within reach for every American – because at a time when the unemployment rate for Americans with at least a college degree is about half the national average, it’s never been more important.But here’s the thing: it’s also never been more expensive.Students who take out loans to pay for college graduate owing an average of $25,000.For the first time, Americans owe more debt on their student loans than they do on their credit cards.And for many working families, the idea of owing that much money means that higher education is simply out of reach for their children.In America, higher education cannot be a luxury.It’s an economic imperative that every family must be able to afford.That’s why next week I’ll be visiting colleges acro the country, talking to students about how we can make higher education more affordable – and what’s at stake right now if Congre doesn’t do something about it.You see, if Congre doesn’t act, on July 1st interest rates on some student loans will double.Nearly seven and half million students will end up owing more on their loan payments.That would be a tremendous blow.And it’s completely preventable.This iue didn’t come out of nowhere.For some time now, I’ve been calling on Congre to take steps to make higher education more affordable – to prevent these interest rates from doubling, to extend the tuition tax credit that has saved middle-cla families millions of dollars, and to double the number of work-study jobs over the next five years.Instead, over the past few years, Republicans in Congre have voted against new ways to make college more affordable for middle-cla families, and voted for huge new tax cuts for millionaires and billionaires – tax cuts that would have to be paid for by cutting things like education and job-training programs that give students new opportunities to work and succeed.We cannot just cut our way to prosperity.Making it harder for our young people to afford higher education and earn their degrees is nothing more than cutting our own future off at the knees.Congre needs to keep interest rates on student loans from doubling, and they need to do it now.This is a question of values.We cannot let America become a country where a shrinking number of people do really well, while a growing number of people struggle to get by.We’ve got to build an economy where everyone gets a fair shot, everyone does their fair share, and everyone plays by the same set of rules.That’s how the middle cla gets stronger.That’s an economy that’s built to last.And I’m not only going to take that case to college campuses next week – I’m going to take it to every part of the country this year.Thanks, and have a great weekend.2.It’s Time for Congre to Pa the Buffett Rule
April 14, 2012
One of the fundamental challenges of our time is building an economy where everyone gets a fair shot, everyone does their fair share, and everyone plays by the same rules.And as many Americans rush to file their taxes this weekend, it’s worth pointing out that we’ve got a tax system that doesn’t always uphold the principle of everyone doing their part.Now, this is not just about fairne.This is also about growth.It’s about being able to make the investments we need to strengthen our economy and create jobs.And it’s about whether we as a country are willing to pay for those investments.In a perfect world, of course, none of us would have to pay any taxes.We’d have no deficits to pay down.And we’d have all the resources we needed to invest in things like schools and roads and a strong military and new sources of energy – investments that have always bolstered our economy and strengthened the middle cla.But we live in the real world, with real choices and real consequences.Right now, we’ve got significant deficits to close.We’ve got serious investments to make to keep our economy growing.And we can’t afford to keep spending more money on tax cuts for the wealthiest Americans who don’t need them and didn’t even ask for them.Warren Buffett is one of the wealthiest men in the world.But he pays a lower tax rate than his secretary.That’s just the way the system is set up.In fact, one in four millionaires pays a lower tax rate than millions of hardworking middle-cla households.As Warren points out, that’s not fair and it doesn’t make sense.It’s wrong that middle-cla Americans pay a higher share of their income in taxes than some millionaires and billionaires.This week, Members of Congre are going to have a chance to set things right.They get to vote on what we call the Buffett Rule.It’s simple: If you make more than $1 million every year, you should pay at least the same percentage of your income in taxes as middle-cla families do.On the other hand, if you make le than $250,000 a year--like 98 percent of American families do--your taxes shouldn’t go up.That’s all there is to it.It’s pretty sensible.Most Americans support this idea.One survey found that two-thirds of millionaires do, too.So do nearly half of all Republicans.We just need some Republican politicians to get on board with where the country is.I know they’ll say that this is all about wanting to raise people’s taxes.They probably won’t tell you that if you belong to a middle-cla family, then I’ve cut your taxes each year that I’ve been in office, and I’ve cut taxes for small busine owners 17 times.But the thing is, for most Americans like me, tax rates are near their lowest point in 50 years.In 2001 and 2003, the wealthiest Americans received two huge new tax cuts.We were told these tax cuts would lead to faster job growth.Instead, we got the slowest job growth in half a century, and the typical American family actually saw its income fall.On the flip side, when the most well-off Americans were asked to pay a little more in the 1990s, we were warned that it would kill jobs.Instead, tens of millions of jobs followed.So we’ve tried this trickle-down experiment before.It doesn’t work.And middle cla families have seen too much of their security erode over the past few decades for us to tell them they’re going to have to do more because the wealthiest Americans are going to do le.We can’t stop investing in the things that will help grow our economy and create jobs – things like education, research, new sources of energy – just so folks like me can get another tax cut.So I hope you’ll ask your Member of Congre to step up and echo that call this week by voting for the Buffett Rule.Remind them that in America, prosperity has never just trickled down from a wealthy few.Prosperity has always been built by a strong, thriving middle cla.That’s a principle worth reaffirming right now.Thank you, God ble you, and have a great weekend.3.Easter and Paover Greetings from President Obama April 7, 2012
For millions of Americans, this weekend is a time to celebrate redemption at God’s hand.Tonight, Jews will gather for a second Seder, where they will retell the story of the Exodus.And tomorrow, my family will join Christians around the world as we thank God for the all-important gift of grace through the resurrection of His son, and experience the wonder of Easter morning.These holidays have their roots in miracles that took place thousands of years ago.They connect us to our past and give us strength as we face the future.And they remind us of the common thread of humanity that connects us all.For me, and for countle other Christians, Easter weekend is a time to reflect and rejoice.Yesterday, many of us took a few quiet moments to try and fathom the tremendous sacrifice Jesus made for all of us.Tomorrow, we will celebrate the resurrection of a savior who died so that we might live.And throughout these sacred days, we recommit ourselves to following His example.We rededicate our time on Earth to selflene, and to loving our neighbors.We remind ourselves that no matter who we are, or how much we achieve, we each stand humbled before an almighty God.Christ’s triumph over death holds special meaning for Christians.But all of us, no matter how or whether we believe, can identify with elements of His story.The triumph of hope over despair.Of faith over doubt.The notion that there is something out there that is bigger than ourselves.These beliefs help unite Americans of all faiths and backgrounds.They shape our values and guide our work.They put our lives in perspective.So to all Christians celebrating the Resurrection with us, Michelle and I want to wish you a bleed and Happy Easter.And to all Americans, I hope you have a weekend filled with joy and reflection, focused on the things that matter most.God ble you, and may God ble the United States of America.4.Paing the Buffett Rule So That Everyone Pays Their Fair Share March 31, 2012
Hello.Over the last few months, I’ve been talking about a choice we face as a country.We can either settle for an economy where a few people do really well and everyone else struggles to get by, or we can build an economy where hard work pays off again – where everyone gets a fair shot, everyone does their fair share, and everyone plays by the same rules.That’s up to us.Today, I want to talk to you about the idea that everyone in this country should do their fair share.Now, if this were a perfect world, we’d have unlimited resources.No one would ever have to pay any taxes, and we could spend as much as we wanted.But we live in the real world.We don’t have unlimited resources.We have a deficit that needs to be paid down.And we also have to pay for investments that will help our economy grow and keep our country safe: education, research and technology, a strong military, and retirement programs like Medicare and Social Security.That means we have to make choices.When it comes to paying down the deficit and investing in our future, should we ask middle-cla Americans to pay even more at a time when their budgets are already stretched to the breaking point? Or should we ask some of the wealthiest Americans to pay their fair share?
That’s the choice.Over the last decade, we’ve spent hundreds of billions of dollars on what was supposed to be a temporary tax cut for the wealthiest two percent of Americans.Now we’re scheduled to spend almost a trillion more.Today, the wealthiest Americans are paying taxes at one of the lowest rates in 50 years.Warren Buffett is paying a lower rate than his secretary.Meanwhile, over the last 30 years, the tax rates for middle cla families have barely budged.That’s not fair.It doesn’t make any sense.Do we want to keep giving tax breaks to the wealthiest Americans like me, or Warren Buffett, or Bill Gates – people who don’t need them and never asked for them? Or do we want to keep investing in things that will grow our economy and keep us secure? Because we can’t afford to do both.Now, some people call this cla warfare.But I think asking a billionaire to pay at least the same tax rate as his secretary is just common sense.We don’t envy succe in this country.We aspire to it.But we also believe that anyone who does well for themselves should do their fair share in return, so that more people have the opportunity to get ahead – not just a few.That’s the America I believe in.And in the next few weeks, Members of Congre will get a chance to show you where they stand.Congre is going to vote on what’s called the Buffett Rule: If you make more than $1 million a year, you should pay at least the same percentage of your income in taxes as middle cla families do.On the other hand, if you make under $250,000 a year – like 98 percent of American families do – your taxes shouldn’t go up.You’re the ones struggling with the rising cost of everything from college tuition to groceries.You’re the ones who deserve a break.So every Member of Congre is going to go on record.And if they vote to keep giving tax breaks to people like me – tax breaks our country can’t afford – then they’re going to have to explain to you where that money comes from.Either it’s going to add to our deficit, or it’s going to come out of your pocket.Seniors will have to pay more for their Medicare benefits.Students will see their interest rates go up at a time when they can’t afford it.Families who are scraping by will have to do more because the richest Americans are doing le.That’s not right.That’s not who we are.In America, our story has never been about what we can do by ourselves – it’s about what we can do together.It’s about believing in our future and the future of this country.So tell your Members of Congre to do the right thing.Call them up, write them a letter, pay them a visit, and tell them to stop giving tax breaks to people who don’t need them and start investing in the things that will help our economy grow and put people back to work.That’s how we’ll make this country a little fairer, a little more just, and a whole lot stronger.Thank you.5.President Obama Says House Must Pa Bipartisan Transportation Bill Saturday March 24, 2012
Hello.This week, I traveled acro the country to talk about my all-of-the-above energy strategy for America – a strategy where we produce more oil and gas here at home, but also more biofuels and fuel-efficient cars;more solar power and wind power and other sources of clean, renewable energy.Now, you wouldn’t know it by listening to some of the folks running for office today, but producing more oil at home has been, and will continue to be, a key part of my energy strategy.Under my Administration, we’re producing more oil than at any other time in the last eight years.We’ve quadrupled the number of operating oil rigs to a record high.And we’ve added enough oil and gas pipeline to circle the entire Earth and then some.Those are the facts.But as I’ve been saying all week, even though America uses around 20 percent of the world’s oil, we only have around 2 percent of the world’s known oil reserves.So even if we drilled everywhere, we’d still be relying on other countries for oil.That’s why we’re pursuing an all-of-the-above strategy.We’re producing more biofuels.More fuel-efficient cars.More solar power.More wind power.This week, I was in Boulder City, Nevada, where they’ve got the largest solar plant of its kind anywhere in the country.That’s the future.I was at Ohio State University, where they’ve developed the fastest electric car in the world.That’s the future.I don’t want to cede these clean energy industries to China or Germany or any other country.I want to see solar panels and wind turbines and fuel-efficient cars manufactured right here in America, by American workers.Now, getting these clean energy industries to locate here requires us to maintain a national commitment to new research and development.But it also requires us to build world-cla transportation and communications networks, so that any company can move goods and sell products all around the world as quickly and efficiently as poible.So much of America needs to be rebuilt right now.We’ve got crumbling roads and bridges.A power grid that wastes too much energy.An incomplete high-speed broadband network.And we’ve got thousands of unemployed construction workers who’ve been looking for a job ever since the housing market collapsed.But once again, we’re waiting on Congre.You see, in a matter of days, funding will stop for all sorts of transportation projects.Construction sites will go idle.Workers will have to go home.And our economy will take a hit.This Congre cannot let that happen.Not at a time when we should be doing everything in our power – Democrats and Republicans – to keep this recovery moving forward.The Senate did their part.They paed a bipartisan transportation bill.It had the support of 52 Democrats and 22 Republicans.Now it’s up to the House to follow suit;to put aside partisan posturing, end the gridlock, and do what’s right for the American people.This is common sense.Right now, all acro this country, we’ve got contractors and construction workers who have never been more eager to get back on the job.A long term transportation bill would put them to work.And those are good jobs.We just released a report that shows nearly 90 percent of the construction, manufacturing and trade jobs created through investments in transportation projects are middle cla jobs.Those are exactly the jobs we need right now, and they’ll make the economy stronger for everybody.We’ve done this before.During the Great Depreion, 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 businees that still use them today.So tell Congre that if we invest in new technology and new energy;in new roads and bridges and construction projects, we can keep growing our economy, put our people back to work, and remind the world why the United States is the greatest nation on Earth.Thanks and have a great weekend.
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