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THE PRESIDENT: Thank you very much. (Applause.) Thank you, Virginia! Thank you, NOVA! (Applause.)
Thank you very much. Everybody who has a chair please have a seat. I know not everybody has
a chair.
AUDIENCE MEMBER: Love you!
THE PRESIDENT: I love you back. (Laughter.) Great to be here.
First of all, I want to thank Mike for the wonderful introduction. Please give Mike a
big round of applause. (Applause.)
It is great to be back here at NOVA. Iíve been here so many times Iím about three credits
short of graduation. (Laughter.) But there are a couple of reasons that I keep on coming
back. First of all, I think that Dr. Templin and the whole administration here is doing
a great job, so I want to give them a big round of applause. (Applause.) The other reason
is because Jill Biden keeps talking up how great you are. And just as I do what Michelle
tells me to do, I also do what Jill Biden tells me to do. (Laughter.)
In addition, by the way, I just want to acknowledge that we also have our Secretary of Labor here,
Hilda Solis, who's doing an outstanding job. (Applause.)
But the main reason I keep on coming back is I think this institution is an example
of what's best about America. Some of you may have your eye on a four-year college.
Some of you may be trying to learn new skills that could lead to a new job, like Mike, or
a job that pays more, gives you more opportunity. But all of you are here because you believe
in yourselves, you believe in your ability, you believe in the future of this country.
And thatís something that inspires me and you guys should take great pride in.
Now, the truth is, the skills and training you get here will be the best tools you have
to achieve the American promise -- the promise that if you work hard, you can do well enough
to raise a family, own a home, send your kids to college, and put a little away for retirement.
And the defining issue of our time is how to keep this promise alive today -- for everybody.
Because we've got a choice: We can settle for a country where a few people do really,
really well, and everybody else struggles to get by. Or we can restore an economy where
everybody gets a fair shot, everybody does their fair share, everybody plays by the same
set of rules -- from Washington to Wall Street to Main Street. Thatís the America we believe
in. (Applause.)
Now, we're still recovering from one of the worst economic crises in three generations.
We've got a long way to go before everybody who wants a good job can find one; before
middle-class Americans regain that sense of security thatís been slipping away for too
long -- long before the recession hit.
But over the last 23 months, weíve added 3.7 million new jobs. (Applause.) American
manufacturers are creating jobs for the first time since the 1990s. The economy is growing
stronger. The recovery is speeding up. And the last thing we can afford to do right now
is to go back to the very policies that got us into this mess in the first place. We can't
afford it. (Applause.) The last thing we need is for Washington to stand in the way of America's
comeback. (Applause.)
Now, what does that mean concretely? For starters, Congress needs to stop taxes from going up
on 160 million Americans by the end of this month. And if they donít act, that's exactly
what will happen. (Applause.) Congress needs to pass an extension of the payroll tax cut
and unemployment insurance without drama, and without delay, and without linking it
to some other ideological side issues.
We've been through this before, remember? We've seen this movie. We don't need to see
it again. The time for self-inflicted wounds to our economy has to be over. Now is the
time for action. Now is the time for all of us to move forward.
But preventing a tax hike on the middle class -- that's only the beginning, that's just
starters. In the State of the Union, I outlined a blueprint for an economy that is built to
last -ñ an economy built on new manufacturing, and new sources of energy, and new skills
and education for the American people.
Today, weíre releasing the details of that blueprint in the form of next yearís budget.
And donít worry, I will not read it to you. (Laughter.) It's long and a lot of numbers.
But the main idea in the budget is this: At a time when our economy is growing and creating
jobs at a faster clip, we've got to do everything in our power to keep this recovery on track.
Part of our job is to bring down our deficit. And if Congress adopts this budget, then along
with the cuts that weíve already made, weíll be able to reduce our deficit by $4 trillion
by the year 2022 -- $4 trillion. Iím proposing some difficult cuts that, frankly, I wouldnít
normally make if they werenít absolutely necessary. But they are. And the truth is
weíre going to have to make some tough choices in order to put this country back on a more
sustainable fiscal path.
By reducing our deficit in the long term, what that allows us to do is to invest in
the things that will help grow our economy right now. We canít cut back on those things
that are important for us to grow. We can't just cut our way into growth. We can cut back
on the things that we donít need, but we also have to make sure that everyone is paying
their fair share for the things that we do need.
We need to restore American manufacturing by ending tax breaks for companies that ship
jobs overseas, giving them to companies that are creating jobs right here in the United
States of America. (Applause.) Thatís something that everybody should agree on.
We need to reduce our dependence on foreign oil by ending the subsidies for oil companies,
and doubling down on clean energy that generates jobs and strengthens our security. (Applause.)
And to make sure our businesses donít have to move overseas to find skilled workers,
weíve got to invest in places like NOVA, and make sure higher education is affordable
for every hardworking American. (Applause.)
Thatís what I want to focus on today -- what we need to do in terms of higher education,
and community colleges in particular. Employers today are looking for the most skilled, educated
workers. I donít want them to find them in India or China. I want businesses to find
those workers right here, in the United States. The skills and training that employers are
looking for begins with the men and women who educate our children.
All of us can point to a teacher whoís made a difference in our lives -- and I know I
can. So I want this Congress to give our schools the resources to keep good teachers on the
job, and reward the best teachers. And in return, they also need to give schools the
flexibility to stop just teaching to the test, and replace teachers who arenít helping kids
learn. Thatís something that we can do. (Applause.)
So making sure weíve got the most skilled workers starts early. It starts with K-12
-- it starts before K-12, making sure every child is prepared. And when an American of
any age wants to pursue any kind of higher education -- whether itís that high school
grad who's just trying to get that first couple years of college education, or somebody like
Mike who's in the process of retraining -- whether itís two years or four years or more, weíve
got to make sure that education is affordable and available to everybody who wants to go.
Now, this Congress needs to stop the interest rates on student loans from doubling this
July. That's pretty important. (Applause.) That's in our budget. Weíre saying to Congress,
now is not the time to make school more expensive for young people. And they can act right now
to make that change.
They also need to take the tuition tax credit that my administration put in the budget over
these last few years -ñ a tax credit that saves families thousands of dollars on tuition
-ñ and we need to make that permanent. It shouldnít be temporary, it should be permanent.
(Applause.)
So between the increases we've provided in Pell grants, these tax credits, keeping interest
rates low -- all that is going to help. And millions of students across the country have
benefitted from that. But students and taxpayers canít just keep on subsidizing skyrocketing
tuition -- we're going to run out of money. So thatís why I've asked states and colleges
to do their part to keep costs down.
We're putting colleges and universities on notice: You can't just keep on raising tuition
and expect us to keep on coming up with more and more money. Because tuition inflation
has actually gone up even faster than health care. Thatís hard to do. (Laughter.)
So what we're saying to states, colleges and universities -- if you can't stop tuition
from going up, then funding you get from taxpayers will go down. Because higher education cannot
be a luxury; it is an economic imperative that every family in America should be able
to afford. Thatís part of the American promise in the 21st century. (Applause.)
So thatís what we need to do to get more Americans ready for the jobs of the future.
But what about the jobs that are open today? I talked about this at the State of the Union.
There are millions of jobs open right now, and there are millions of people who are unemployed.
And the question is how do we match up those workers to those jobs? What about the companies
that are looking to hire right now?
I hear from business leaders all the time who want to hire in the United States, but
at the moment, they cannot always find workers with the right skills. Growing industries
in science and technology have twice as many openings as we have workers who can do those
jobs. Think about that. At a time when millions of Americans are looking for work, we shouldn't
have any job openings out there. They should all be getting filled up.
Here in America, weíve got the best workers and some of the fastest-growing companies
in the world. Thereís no reason we canít connect the two. And places like NOVA are
proving that we know how to do it. This institution proves we know how to do it. (Applause.)
So let's say you are a single parent, or a returning veteran, or somebody who just wants
a shot at a better-paying job. Youíre a hard worker, youíre a fast learner, youíre motivated.
You know there are companies looking to hire. You just need to figure out how to acquire
some of the specific skills, the specialized skills that the companies need, and you need
to figure that out as quickly as possible -ñ hopefully without taking on tons of debt.
Everybody in America should be able to get those skills at a community college like NOVA.
And companies looking to hire should be able to count on these schools to provide them
with a steady stream of workers qualified to fill those specific jobs.
That's why Mike was sharing his story. As Mike mentioned, he worked in the mortgage
and real estate industry for 10 years, but when business declined after 9/11, he decided
to start over. So he began selling building materials. Then the bottom fell out of the
housing market, so Mike had to start all over again. He's got a knack for computers. So
he figured heíd try a career in cybersecurity, where there is a lot of hiring -- that is
going to be a growth industry.
Luckily for Mike, NOVA is home to a program called CyberWatch. So he signed up -- even
though he's driving a limo on the side, he's still got to pay the bills. So he's working
while going to school. But in December, Mike earned two certificates -- and, by the way,
finished with a 4.0. So we're proud of that. (Applause.) Now heís working towards his
Associateís degree. And when he graduates, Mike will have access to a network of over
40 companies and government agencies to help him find a job.
So we need more stories like Mikeís. Thatís why my administration is helping community
colleges redesign training programs, so students can learn the skills that are most in demand
in industries like health care sciences and advanced manufacturing. And thatís why weíre
making a national commitment to train 2 million Americans with skills they need to get a job
right now, or start their own business right now. (Applause.)
Weíve lined up more companies that want to help. Weíve already got model partnerships
between major businesses like Siemens and community colleges in places like Charlotte
and Orlando and Louisville -- they're already up and running. We know how they work. And
that's why Iíve asked Dr. Biden Secretary Solis to take a bus tour through several states,
including Ohio and Kentucky and North Carolina, to highlight businesses and community colleges
that are working together to train workers for careers that are in demand right now.
We've got to make these examples a model for the entire nation.
And we also need to give more community colleges the resources they need to become community
career centers -- places where folks can learn the skills that local business are looking
for right now, from data management to high-tech manufacturing. This should be an engine of
job growth all across the country, these community colleges, and thatís why weíve got to support
them. Thatís why itís such a big priority. (Applause.)
So an economy built to last demands that we keep doing everything we can to help students
learn the skills that businesses are looking for. It means we have to keep strengthening
American manufacturing. It means weíve got to keep investing in American energy. We've
got to double down on the clean energy thatís creating jobs. But it also means we've got
to renew the American values of fair play and shared responsibility.
The budget that weíre releasing today is a reflection of shared responsibility. It
says that if weíre serious about investing in our future and investing in community colleges,
and investing in new energy technology, and investing in basic research, well, weíve
got to pay for it. And that means we've got to make some choices.
Right now, weíre scheduled to spend nearly $1 trillion more on what was intended to be
a temporary tax cut for the wealthiest 2 percent of Americans. Weíve already spent about that
much. Now weíre scheduled to spend another trillion. Keep in mind, a quarter of all millionaires
pay lower tax rates than millions of middle-class households. Youíve heard me say it -- Warren
Buffett pays a lower tax rate than his secretary. Thatís not fair. It doesnít make sense at
a time when we've got to pull together to get the country moving.
I donít need a tax break. We donít need to be providing additional tax cuts for folks
who are doing really, really, really well. Do we want to keep these tax cuts for the
wealthiest Americans? Or do we want to keep investing in everything else -- education,
clean energy, a strong military, care for our veterans? We can't do both -- we can't
afford it.
Some people go around, they say, well, the President is engaging in class warfare. Thatís
not class warfare. Thatís common sense. Thatís common sense. (Applause.) Asking a billionaire
to pay at least as much as his secretary when it comes to his tax rate -- thatís just common
sense. Because Warren Buffet is doing fine, I'm doing fine. We donít need the tax breaks.
You need them. (Applause.) You're the ones who see your wages stall. You're the one whose
costs of everything from college to groceries has gone up. You're the ones who deserve a
break.
And we donít begrudge success in America; we aspire to it. Everybody here -- I want
everybody here to go out there and do great. I want you to make loads of money if you can.
Thatís wonderful. And we expect people to earn it -- study hard, work hard for it. So
we donít envy the wealthy. But we do expect everybody to do their fair share, so that
everybody has opportunity, not just some.
And given where our deficit is, it's just a matter of math that folks like me are going
to have to do a little bit more. Because Americans understand if I get a tax break I donít need
and the country canít afford, then one of two things is going to happen: Either that
means we have to add to our deficit, or it means you've got to pay for it. It means a
senior has got to pay for it, in terms of suddenly their Medicare benefits are costing
more. It means a student suddenly sees their interest rates go up higher at a time when
they can't afford it. It means a family that's struggling to get by is having to do more
because I'm doing less.
Thatís not right. It's not who we are. Each of us is here only because somebody, somewhere,
felt a responsibility to each other and to our countryís future. That's why they made
investments in places like NOVA.
Here in America, the story has never been about what we can do just by ourselves; itís
about what we can do together. Itís about believing in our future, and the future of
our country. You believe in that future. That's why youíre working hard. That's why youíre
putting in the long hours. That's why Mike is doing what he's doing. Some of you are
balancing a job at the same time as you're going to school. You're scrimping and scratching
to make sure that you can pay tuition here. You know that doing big things isnít easy,
but you havenít given up.
Thatís the spirit we've got to have right now. We don't give up in this country. We
look out for each other. We pull together. We work hard. We reach for new opportunities.
We pull each other up. Thatís who we are. (Applause.) And if we work together in common
purpose, we will build an economy that lasts, and remind people around the world why America
is the greatest country on Earth.
Thank you very much, everybody. God bless you. God bless the United States of America.
(Applause.)