Year after year in Washington, budget debates seem to come down to an old, tired argument: on one side, those who want more Government, regardless of the cost; on the other, those who want less Government, regardless of the need. We should leave those arguments to the last century and chart a different course.
Government has a role, and an important role. Yet, too much Government crowds out initiative and hard work, private charity and the private economy. Our new governing vision says Government should be active but limited, engaged but not overbearing. And my budget is based on that philosophy. […]
A budget's impact is counted in dollars but measured in lives. Excellent schools, quality health care, a secure retirement, a cleaner environment, a stronger defense: These are all important needs, and we fund them. The highest percentage increase in our budget should go to our children's education. Education is not my top priority–education is my top priority, and by supporting this budget, you'll make it yours, as well.
Come on down, George W. Last Guy! These two paragraphs should bring a lot of memories flooding back:
Many of you have talked about the need to pay down our national debt. I listened, and I agree. We owe it to our children and grandchildren to act now, and I hope you will join me to pay down $2 trillion in debt during the next 10 years. At the end of those 10 years, we will have paid down all the debt that is available to retire. That is more debt, repaid more quickly than has ever been repaid by any nation at any time in history. […]
This spring I will form a Presidential commission to reform Social Security. The commission will make its recommendations by next fall. Reform should be based on these principles: It must preserve the benefits of all current retirees and those nearing retirement; it must return Social Security to sound financial footing; and it must offer personal savings accounts to younger workers who want them.