After Congress passed a budget and raised the debt ceiling after a sixteen day government shutdown, President Obama spoke on three agenda items: passing a budget, reforming immigration, and subsidizing farms.
Excerpt from remarks:
Let me be specific about three places where I believe we can make progress right now. First, in the coming days and weeks, we should sit down and pursue a balanced approach to a responsible budget, a budget that grows our economy faster and shrinks our long-term deficits further.
At the beginning of this year, that's what both Democrats and Republicans committed to doing. The Senate passed a budget; House passed a budget; they were supposed to come together and negotiate. And had one side not decided to pursue a strategy of brinksmanship, each side could have gotten together and figured out, how do we shape a budget that provides certainty to businesses and people who rely on government, provides certainty to investors in our economy, and we'd be growing faster right now.
Now, the good news is the legislation I signed yesterday now requires Congress to do exactly that -- what it could have been doing all along.
And we shouldn't approach this process of creating a budget as an ideological exercise -- just cutting for the sake of cutting. The issue is not growth versus fiscal responsibility -- we need both. We need a budget that deals with the issues that most Americans are focused on: creating more good jobs that pay better wages.
And remember, the deficit is getting smaller, not bigger. It's going down faster than it has in the last 50 years. The challenges we have right now are not short-term deficits; it's the long-term obligations that we have around things like Medicare and Social Security. We want to make sure those are there for future generations.
So the key now is a budget that cuts out the things that we don't need, closes corporate tax loopholes that don't help create jobs, and frees up resources for the things that do help us grow -- like education and infrastructure and research. And these things historically have not been partisan. And this shouldn't be as difficult as it's been in past years because we already spend less than we did a few years ago. Our deficits are half of what they were a few years ago. The debt problems we have now are long term, and we can address them without shortchanging our kids, or shortchanging our grandkids, or weakening the security that current generations have earned from their hard work.
So that's number one. Number two, we should finish fixing the job of -- let me say that again. Number two, we should finish the job of fixing our broken immigration system.
There's already a broad coalition across America that's behind this effort of comprehensive immigration reform -- from business leaders to faith leaders to law enforcement. In fact, the Senate has already passed a bill with strong bipartisan support that would make the biggest commitment to border security in our history; would modernize our legal immigration system; make sure everyone plays by the same rules, makes sure that folks who came here illegally have to pay a fine, pay back taxes, meet their responsibilities. That bill has already passed the Senate. And economists estimate that if that bill becomes law, our economy would be 5 percent larger two decades from now. That's $1.4 trillion in new economic growth.
The majority of Americans think this is the right thing to do. And it's sitting there waiting for the House to pass it. Now, if the House has ideas on how to improve the Senate bill, let's hear them. Let's start the negotiations. But let's not leave this problem to keep festering for another year, or two years, or three years. This can and should get done by the end of this year.
Number three, we should pass a farm bill, one that American farmers and ranchers can depend on; one that protects vulnerable children and adults in times of need; one that gives rural communities opportunities to grow and the long-term certainty that they deserve.
Again, the Senate has already passed a solid bipartisan bill. It's got support from Democrats and Republicans. It's sitting in the House waiting for passage. If House Republicans have ideas that they think would improve the farm bill, let's see them. Let's negotiate. What are we waiting for? Let's get this done.
So, passing a budget; immigration reform; farm bill. Those are three specific things that would make a huge difference in our economy right now. And we could get them done by the end of the year if our focus is on what's good for the American people. And that's just the big stuff. There are all kinds of other things that we could be doing that don't get as much attention.