|
US President George W. Bush
| | THE PRESIDENT:
Good morning. America's economy is on the
right track. Over the past two years, we've added more than 3.5 million
new jobs. More Americans are working today than ever before. Home
ownership is at an all time high. Small businesses are flourishing.
Factory output is growing. And families are taking home more of what they
earn.
These are hopeful signs for our economy, and we must work hard to
sustain that prosperity. When members of Congress return next week, they
need to take action on four key priorities for the American people.
First, Congress needs to complete an energy bill. America is
growing more dependent on foreign oil, and that is driving up the price of
gasoline across the country. For the past four years, I've called on
Congress to pass legislation that encourages energy conservation, promotes
domestic production in environmentally friendly ways, funds research into
new technologies to help us diversify away from foreign oil, and
modernizes the electricity grid. I applaud the House for passing an energy
bill. Now the American people expect the Senate to act, so I can sign a
good energy bill into law by August.
Second, Americans expect Congress to be wise with their money. I
proposed a disciplined federal budget that makes tax relief permanent,
holds the growth in discretionary spending below the rate of inflation and
reduces discretionary spending for non-security programs. The House and
the Senate have worked together to pass a responsible budget resolution
that keeps us on track to cut the deficit in half by 2009. Now Congress
must keep its promise to exercise restraint on spending bills and to rein
in mandatory spending. The principle is clear: Every taxpayer dollar must
be spent wisely or not at all.
Third, Congress needs to ratify the Central American and Dominican
Republic Free Trade Agreement, known as CAFTA. On Monday, I will travel to
Florida to discuss CAFTA with leaders throughout the hemisphere. I look
forward to telling them that CAFTA is a good deal for workers, farmers and
small businesses in the United States and throughout the hemisphere. About
80 percent of products from Central America and the Dominican Republic now
enter the United States duty free. Yet, American exports to those
countries face hefty tariffs. CAFTA will level the playing field by making
about 80 percent of American exports to Central America and the Dominican
Republic duty free. CAFTA will lower barriers in key sectors like
textiles, which will make American manufacturers more competitive in the
global market. And CAFTA will make our neighborhood more secure by
strengthening young democracies. CAFTA is a practical, pro-jobs piece of
legislation. And Congress needs to pass it soon.
Finally, Congress needs to move forward with Social Security reform.
This past week, I traveled to Kentucky to talk about Social Security. Next
Wednesday, I will discuss Social Security with builders and contractors in
Washington, D.C. At each stop, I remind seniors they will continue to
receive their Social Security checks every month. I also remind everyone
that Social Security is in serious trouble for our children and
grandchildren. Americans of all ages have made it clear they expect their
leaders in Washington to strengthen Social Security for future
generations.
By taking action on all these priorities, Congress will strengthen the
long-term economic security of the American people. Americans expect
members of both parties to set aside partisan differences and get things
done. I look forward to working with Congress to achieve results in the
days ahead.
Thank you for listening. |