A Quote by Barack Obama
I put forward a budget of what I called "middle-class economics" that continues to be fiscally prudent but makes necessary investments for us to continue the economic momentum and job growth.
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On economic policy, Pence has held to the key building block of growth. He is a budget hawk who voted against President George W. Bush's fiscally bloated No Child Left Behind education bill and hyper-expensive Medicare prescription-drug bill. He said he would not support new middle-class entitlements. He was consistent.
Middle-class economics is the simple idea that the economy performs best when the benefits of economic growth are broadly shared, not isolated to a fortunate few.
Well, I think the president has clearly submitted us a tight budget, but it's what's called for if we're going to get spending under control and keep the economy moving in the right direction, with economic growth and job creation activity.
The Republican 'Work Harder for Less' budget leaves more Americans even worse off than they are today. The 'People's Budget' makes the critical investments needed to give the American people exactly what they deserve - economic security and peace of mind - and helps grow our economy from the middle out.
Working together, we will continue to lay the foundation for a new generation of inclusive economic growth, expand economic opportunity for middle-class families, and ensure that innovative businesses have the support they need to thrive and grow in the years to come.
A stronger middle class is not the consequence of economic growth. A stronger middle class is the cause of economic growth.
It turns out that advancing equal opportunity and economic empowerment is both morally right and good economics. Why? Because discrimination, poverty and ignorance restrict growth. We know that investments in education, infrastructure and scientific and technological research increase growth. They increase good jobs, and they create new wealth for all of us.
Wes Clark put forward a middle-class tax plan, but it only helps a quarter of middle-class families, none without minor children at home. And mine helps 98 percent of the middle class.
Today's tax cuts provide yet another illustration of the Republicans' fiscally irresponsible economic policies that ignore the needs of America's middle class, students, and working families.
It turns out that advancing equal opportunity and economic empowerment is both morally right and good economics, because discrimination, poverty and ignorance restrict growth, while investments in education, infrastructure and scientific and technological research increase it, creating more good jobs and new wealth for all of us.
I am fighting for those middle-class families who want us to deal with our debt and deficit, but they also want the investments that are critical to our country moving forward.
This Budget reflects a choice - not an easy choice, but the right choice. And when you think about it, the only choice. The choice to take the responsible, prudent path to fiscal stability, economic growth and opportunity.
When you cut investments in worker training, you're cutting investments in the middle class.
The centerpiece of Obamanomics - raising taxes on high earners and investors and lowering them on the middle class - is attacked by free-marketers for penalizing economic success and possibly further stalling economic growth.
You've got to have tax reform to get faster economic growth. Faster economic growth is necessary for us to get our debt under control.
What will growth policy have to look like in a fiscally compacted Europe? Clearly any illusion of budget stimulated growth policy will have to go away.
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