Deficits are not the only thing that could mortgage America’s future, President Barack Obama told Democratic donors in New York on Thursday. He stressed it would be mortgaging the country’s future if government did not spend money on certain areas.
“There’s more than one way to mortgage America’s future,” Obama said at The Town Hall in New York. “We mortgage that future if we don’t get a handle on our deficit and debt, but we also mortgage it if we’re not investing in those things that will assure the promise of the American Dream for the next generation.”
Obama, in the speech, broadly defined the government expenditures needed to ensure prosperity for the next generation that should not be sacrificed for deficit and debt reduction.
“I’m not going to sacrifice investments in education. I’m not going to make scholarships harder to get and more expensive for young people,” Obama said to a cheering crowd. “I’m not going to sacrifice the safety of our highways or our airports. I’m not going to sacrifice clean air and clean water. I’m not going to sacrifice clean energy at a time when we need to free ourselves from dependence on foreign oil, and folks are getting killed at the pump.”