Today - (applause) - and today, we are one step closer to fulfilling that sacred obligation with the bill I’m about to sign into law. That’s a sa- we have a lot of obligations, but that’s a truly sacred obligation we have. We have many obligations but only one truly sacred obligation: to equip those we send into harm’s way and to care for them and their families when they come home. And that’s not hyperbole, that’s a fact.Īs a nation, we have many obligations - and I’ve been saying this for a long, long time. You’re the very fiber that makes this country what it is. Less than 1 percent of you - less than 1 percent of you risk everything to defend 99 percent of the population - 1 percent risk 99 percent. Okay? All right.Īnd to the veterans and their families here today and for - all around the country, we can never fully thank you for your service and your sacrifice. And it’s hard taking care of mommy and a grandmom, but you got to do it. You’re going to be really, really strong. His daddy lost to the same burn pits, and he knows what you’re going through. You see the little guy you’re sitting right next to? That’s my grandson. You’re going to wonder what daddy wants you to do, and he’s going to be there. He’s going to whisper in your ear lots of times when you have hard decisions to make. And today, we are.īrielle, you know, I know you miss your daddy, but he’s with you all the time. You know, through the pain, you found purpose to demand that we do better for - as a nation. And, Mom, I remember how strongly supportive you were of this from the very beginning, all the way back when I met you at a book signing a long time ago.Īnd I’m just in awe of your family’s courage. Now to the reason we’re here and the most important reason that we have assembled in this room a long time.ĭanielle, when you were here for the State of the Union, I had hoped you’d be back to sign this - for this bill signing. So, some good economic news today and some work ahead. It’s going to reduce the deficit without raising a penny in taxes on people making under $400,000 a year.īut it’s far from done in our effort to bring inflation down, but we’re moving in the right direction. It’s going to make big corporations just pay their fair share - nothing more than their fair share. That’s the most consequential thing that Congress can do to keep our progress from - on inflation from - from getting better - from getting worse - keep it moving in the right direction.Īnd it will bring down the cost of prescription drugs, health insurance premiums, and energy costs. The second point I want to make is we need to pass the Inflation Reduction Act right away. ![]() And second, it’s building an economy that will reward work –- wages are up this month - provide opportunity, help the middle class.Īnd still have work to do, but we’re on track. Our work is far from over.īut two things should be clear. Now, I want to be clear: With the global challenges we face from the war in Europe to disruption of supply chains and pandemic shutdowns in Asia, we - we could face additional headwinds in the months ahead. It gives everyone a chance to make progress. The wealthy do very well, and everyone has a chance. That’s what happens when you build an economy from the bottom up and the middle out. And we’re seeing some signs that inflation may be beginning to moderate. We’re seeing a stronger labor market where jobs are booming and Americans are working. When you couple that with last week’s booming jobs report of 528,000 jobs created last month and 3.5 percent unemployment, it underscores the kind of economy we’ve been building. But zero inflation last month.Įconomists look at a measure of inflation that ignores food and energy prices, and they call it “core inflation.” That’s about the lowest amount in several years - several months. Here’s what that means: While the price of some things go up - went up last month, the price of other things went down by the same amount. ![]() Today, we received news that our economy had zero percent inflation in the month of July. Actually, I just want to say a number: zero. Danielle, thank you.īefore I begin today, I want to say a word about the news that came out today relative to the economy. Get Involved Show submenu for “Get Involved””.The White House Show submenu for “The White House””.Office of the United States Trade Representative.Office of Science and Technology Policy.Executive Offices Show submenu for “Executive Offices””.Administration Show submenu for “Administration””.
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