Focus

Following up on yesterday's posts, a couple of quotes from President Obama's press conference last week.
First, on defining what raising the debt limit actually mean--not making room for future spending, but allowing the U.S. Treasury to pay its bills for past spending:

"These are bills that Congress ran up. The money has been spent. The obligations have been made. So this isn’t a situation -- I think the American people have to understand this -- this is not a situation where Congress is going to say, okay, we won’t -- we won’t buy this car or we won’t take this vacation. They took the vacation. They bought the car. And now they’re saying maybe we don’t have to pay, or we don’t have to pay as fast as we said we were going to, or -- that’s not how responsible families act. And we’re the greatest nation on Earth, and we can’t act that way."

He finished the press conference with these words:

You know, every day I get letters from folks all around the country who show incredible resilience, incredible determination, but they are having a very, very tough time. They’re losing their homes. Some have lost their businesses. Some have lost work and have not been able to find jobs for months, maybe a year, maybe a year and a half. And they feel some desperation. And some folks who are working just are having a tough time paying the bills because they haven’t seen their wages or incomes go up in 10 years, and the costs of everything else have gone up.

And every day that weighs on me. Every minute of every day that weighs on me. Because I ran for President precisely to make sure that we righted this ship and we start once again creating a situation where middle-class families and people who aspire to be in the middle class, if they’re working hard, then they’re living a better life.

Now, these structural changes in our economy that have been going on for a decade -- in some cases, longer -- they’re not going to be solved overnight. But we know what to do. We know that if we are educating our kids well, then they’re going to be more competitive. We know that if we are investing in things like infrastructure, it pays off.... We know that we’ve got to get control of our deficit. There are some things that aren’t going to solve all our problems but can make progress right now. And the question is whether or not Democrats and Republicans are willing to put aside the expedience of short-term politics in order to get it done.

And these folks are counting on us. They desperately want to believe that their leadership is thinking about them and not playing games. And I think that if all the leadership here in Washington has the faces and the stories of those families in mind, then we will solve this debt limit issue; we will put in place steps like a payroll tax cut and infrastructure development; we’ll continue to fund education; we’ll hold true to our commitment to our seniors.

These are solvable problems, but it does require us just getting out of the short-term and, frankly, selfish approach that sometimes politics breeds. We’ve got to think a bit long term."