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>President Obama’s Weekly Address 7/2/11: Cutting the Deficit and Creating Jobs

>WASHINGTON- In this week’s address, President Obama spoke to the American people about reducing the nation’s deficit and creating jobs across the country. The President emphasized the need for Government to live within its means— just as families do—in order to put the nation on a fiscally sustainable path which is critical to long-term economic growth and job creation. To solve the deficit problem, Democrats and Republicans must make tough choices and look at every tax loophole and program for opportunities to save money. President Obama stressed the importance of trimming the budget while also making critical investments in education, research, and technology to spur job growth and invest in our future. As families and friends join together to celebrate Independence Day, the President reminded Americans that since our founding, we have overcome challenges by coming together to solve our nation’s problems.

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Filed under 4th of July, credit cards, cutting spending, economic growth, Indepence Day, Job creation, Medicare, national debt, President Obama, tax loopholes, weekly address