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families by an average of $1,500 a year, put medicare and social security, medicaid excuse me, social security and medicaid, on the chopping block every five years. in other words, every five years, they re going to no longer exist unless they vote them back into existence. i disagree with that. what in god s name are they doing? i ll work with anyone, democrat, republican, independent, who have real solutions and savings for the american people. not take money out of their pockets. the other element i would like to address that has impacts on inflation is lower the deficit. the reason this matters to families is because reducing the deficit is another way to ease inflation. my friends on the republican side like to paint me as the big spender. let s look at the facts. facts matter. under my predecessor the deficit exploded. every single year he was in office. under my plan we re on track to cut the federal deficit this year, by $1.7 trillion. you hear me now. this ye ....
wanting to raise the taxes on working families by an average of 1,500 a year. put medicare and social security, medicaid social security and medicaid on the chopping block every five years. every five years they will no longer exist unless they vote them back into existence. i disagree with that. what in god s name are they doing? i ll work with everyone who has real solutions and real savings for the american people. not take money out of their pockets. now, the other element i like to address that has impacts on inflation is to lower the deficit. the reason this matters to families reducing the deficit is another way to ease inflation. my friends the republicans like to paint me as the big spender. let s look at the facts. facts matter. under my predecessor the deficit exploded rising every year he was in office. under my plan we re on track to cut the federal deficit this year by 1.7 trillion. hear me now? this year by 1.7 trillion. that s a fact. the largest decli ....
gasoline. peter doocy starts us off with a complete picture of the economy live from the north lawn, good evening, peter. good evening, bret. officials around here saying two things that sound like they both can t be true at the same time. on the one hand they say they think the president s economic plans are working. but, observed they say they know that people are paying more than ever for essentials. fighting inflation is my top economic priority. and despite rising prices on just about everything, biden officials are celebrating a stronger than expected 390,000 jobs created in may. we aren t likely to see the kind of blockbuster job reports month after month like we had over this past year. that s even though the economy remains 822,000 jobs short of pre-pandemic levels. inflation has been an issue since last year. before russia invade ukraine but the president continues to blame. putin s war in ukraine. putin began amassing troops. this is a putin price ....
my congressional republican friends led by rick scott have a different approach. he s actually introduced a plan he wants to raise taxes on working families by an average of $1,500 a year, put medicare and social security, medicaid excuse me, social security and medicaid on the chopping block every five years. in other words, every five years they re going to no longer exist unless they vote them back into existence. i disagree with that. what in god s name are they doing? i ll work with anyone, democrat, republican, independent, to deliver real solutions and real savings for the american people, not take money out of their pockets. now the other other element i d like to address that has impacts on inflation is to lower the deficit. the reason this matters to families is because reducing the deficit is another way to ease inflation. my friends on the republican side like to paint me as the big spender. but let s look at the facts. facts matter. under my predecess ....
The bottom line is this, part of the reason i ran for president is because i was tired of trickle-down economics. it doesn t work. my plans will produce the strongest, fastest, most widespread economic recovery america has ever experienced. with record jobs, new record small businesses, wages rising. it s the foundation for an economy that works for working families. because of that foundation we re better positioned than any country in the world to overcome global inflation that we re seeing and make a new chapter of stable and steady growth. so let s come together focus on what matters. let s build on the extraordinary progress we ve made. let s continue to build this economy from the bought many up and the middle out. when that happens everybody does well including the very wealthy. thank you and god bless you and may god protect our troops. i will take your questions. are you going to saudi ....