All along, we live in such an environment that people tend to pay too much attention to short-term gains rather than long-term prosperity, and only pay attention to the next payment, the next quarter or the next election, but fail to pay attention to longer-term goals. Fiscal surplus has become an excuse to transfer wealth to the rich, rather than an opportunity to invest in the future. The regulatory rules were broken and short-term benefits were exchanged at the expense of market health. Ordinary people know that they can't afford the loan, but they still want to buy a house, while lenders and banks are pushing these bad debts regardless of reality. From beginning to end, key debates and difficult choices have been postponed.

Now, it's time to settle the accounts, and it's time for us to take responsibility for the future. It is time for us to take bold and wise actions-we should not only revitalize the economy, but also lay a new foundation for sustained prosperity. Although we are determined to reduce the budget deficit, we still need to create jobs, restart credit and invest in energy, health care and education to promote economic growth. This is what I intend to do on my economic agenda and what I intend to discuss with you tonight. .....

The economic recovery plan and the financial stability plan are urgent measures we have taken to revive the economy in a short time. But the only way to fully develop America's economic strength is to make long-term investments in areas that can create new jobs, promote new industries and restore America's global competitiveness. The only way to make this century an American century again is to make up our minds, face up to the cost of relying on oil, face up to the reality of high medical expenses, and face up to the fact that school education has failed and our future generations will face huge debts. This is our responsibility.

In a few days, I will submit the budget to Congress. Too often, we are used to treating these budget documents simply as numbers or project lists on paper. I don't think so. I think the budget is a long-term goal of the United States and a blueprint for our future.

My budget is not to solve every problem or everything. It reflects the cruel reality we inherited-a deficit of $65,438+0 trillion, a financial crisis and a costly recession. In view of these realities, everyone here-whether Democrat or Republican-must sacrifice some valuable priorities and have no funds to support them. I will be no exception.

But this does not mean that we can ignore the long-term challenges. I am against those who think that the problem will solve itself, and also against those who think that the government should not do anything in the process of laying the foundation for common prosperity.

Yesterday, I held a financial summit, at which I decided to reduce the deficit by half before the end of this term. My government has also begun to examine the federal budget item by item and cut those wasteful and ineffective projects. As you can imagine, this process will take some time. But we have started the most important thing. We have found a way to save $2 trillion in the next 10 year.

In this budget, we will give up useless education programs and stop direct subsidies to large agricultural enterprises that do not need funds. We will cancel unsolicited contracts that have wasted billions of dollars in Iraq, reform our defense budget, and stop allocating funds to useless cold war weapons systems. We will eradicate waste, fraud and abuse in medical insurance, which have not made our elderly healthier. We will eventually cancel the tax incentives for American companies that transfer employment opportunities overseas and restore the fairness and balance of the tax law.

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I know we haven't reached an agreement on every issue so far, and there will obviously be differences in the future. But I also know that every American sitting here tonight loves this country and wishes it success. This must be the starting point of all our debates in the next few months, and the end point after we finish the debate. This is the basis on which the American people hope that we can reach an agreement.

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However, I also realized in my life that hope is found in unexpected places; Inspiration often comes not from powerful people, but from the dreams and ambitions of ordinary Americans. I thought of Leonard? Abbes, the president of Miami Bank, sold his shares in the company and gave 60 million dollars in bonuses to all 399 employees who worked for him and 72 employees who used to work for him. He didn't tell anyone, but when the local newspaper found out, he just said that I had known some of them since I was 7 years old. I think it's wrong for me to take money.

I also thought of Greensburg, Kansas, which was completely destroyed by a tornado, but local residents are rebuilding it as a global model to prove how clean energy can power the whole town and bring employment and business opportunities to this once ruined place. A person who helped them rebuild said: What happened was a terrible tragedy, but people here know that it also brought rare opportunities.

I also thought of Ty 'she Bethea, a little girl from a school in South Carolina where I went. The ceiling of the classroom leaked and the paint fell off the wall. Because the train passed their classroom, their class was interrupted six times a day. People say that her school is hopeless, but one day after class, she went to the public library and wrote a letter to everyone sitting here today. She also asked the headmaster for money to buy stamps. This letter asks for our help. It says: We hope to be lawyers, doctors, congressmen like you and even students of the president one day, so that we can change not only South Carolina, but also the whole world. We are not cowards.