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Updated: May 14, 2025
Today, America is the most dynamic, competitive, job-creating economy in history, but we can do even better in building a 21st century economy that embraces all Americans. Today's income gap is largely a skills gap. Last year, the Congress passed a law enabling workers to get a skills grant to choose the training they need. And I applaud all of you here who were part of that.
Though controversial, the budget agreement finally put the Federal Government on a pay-as-you-go basis, and cut the growth of debt by nearly $500 billion. And that frees funds for saving and job-creating investment. Now, let's do more.
The Congress has helped to meet that goal by passing our job-creating tax program last month. The historic monetary agreements, agreements that we have reached with the major European nations, Canada, and Japan, will help meet it by providing new markets for American products, new jobs for American workers.
A banking reform plan to bring America's financial system into the 21st Century, so that our banks remain safe and secure and can continue to make job-creating loans for our factories, businesses, and homebuyers. I do think there has been too much pessimism. Sound banks should be making more sound loans, now. And interest rates should be lower, now.
Though controversial, the budget agreement finally put the Federal Government on a pay-as-you-go basis, and cut the growth of debt by nearly $500 billion. And that frees funds for saving and job-creating investment. Now, let's do more.
Today, America is the most dynamic, competitive, job-creating economy in history, but we can do even better in building a 21st century economy that embraces all Americans. Today's income gap is largely a skills gap. Last year, the Congress passed a law enabling workers to get a skills grant to choose the training they need. And I applaud all of you here who were part of that.
The Congress has helped to meet that goal by passing our job-creating tax program last month. The historic monetary agreements, agreements that we have reached with the major European nations, Canada, and Japan, will help meet it by providing new markets for American products, new jobs for American workers.
The knowledge that our Government will, and can, move swiftly will strengthen the confidence of investors and business. Congress can reinforce this confidence by insuring that its procedures permit rapid action on temporary income tax cuts. And special funds for job-creating public programs should be made available for immediate use if recession threatens.
A banking reform plan to bring America's financial system into the 21st Century, so that our banks remain safe and secure and can continue to make job-creating loans for our factories, businesses, and homebuyers. I do think there has been too much pessimism. Sound banks should be making more sound loans, now. And interest rates should be lower, now.
The knowledge that our Government will, and can, move swiftly will strengthen the confidence of investors and business. Congress can reinforce this confidence by insuring that its procedures permit rapid action on temporary income tax cuts. And special funds for job-creating public programs should be made available for immediate use if recession threatens.
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