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Obama: Budget Plan Attacks Economic Crisis On "All Fronts"

The White House has sent out excerpts of the president's opening remarks tonight. As expected, he'll lead off with the budget, saying his plan will lead to "broad economic growth" by investing in key priorities. And in a rebuttal to those who argue he's taking on too many challenges at once, Obama will paint his approach as "attack[ing] this crisis on all fronts."

"The budget I submitted to Congress will build our economic recovery on a stronger foundation, so that we do not face another crisis like this ten or twenty years from now," he will say. " We invest in the renewable sources of energy that will lead to new jobs, new businesses, and less dependence on foreign oil. We invest in our schools and our teachers so that our children have the skills they need to compete with any workers in the world. We invest in reform that will bring down the cost of health care for families, businesses, and our government. And in this budget, we have made the tough choices necessary to cut our deficit in half by the end of my first term - even under the most pessimistic estimates."

That hints at what will likely be one area of discussion tonight -- the figures released by the Congressional Budget Office last week painting a much gloomier outlook for the federal deficit than the administration had put forth when it released the budget last month. It's also worth noting that though Obama's budget shows the deficit being cut in half by 2013, it then starts increasing again.

No reference, at least in the excerpts, to the AIG bonus scandal.

Full excerpts after the jump.

[W]e've put in place a comprehensive strategy designed to attack this crisis on all fronts. It's a strategy to create jobs, to help responsible homeowners, to re-start lending, and to grow our economy over the long-term. And we are beginning to see signs of progress.

...

"The budget I submitted to Congress will build our economic recovery on a stronger foundation, so that we do not face another crisis like this ten or twenty years from now. We invest in the renewable sources of energy that will lead to new jobs, new businesses, and less dependence on foreign oil. We invest in our schools and our teachers so that our children have the skills they need to compete with any workers in the world. We invest in reform that will bring down the cost of health care for families, businesses, and our government. And in this budget, we have made the tough choices necessary to cut our deficit in half by the end of my first term - even under the most pessimistic estimates.

"At the end of the day, the best way to bring our deficit down in the long run is not with a budget that continues the very same policies that have led to a narrow prosperity and massive debt. It's with a budget that leads to broad economic growth by moving from an era of borrow and spend to one where we save and invest.

"That's what clean energy jobs and businesses will do. That's what a highly-skilled workforce will do. That's what an efficient health care system that controls costs and entitlements like Medicare and Medicaid will do. That's why this budget is inseparable from this recovery - because it is what lays the foundation for a secure and lasting prosperity.

...

"We will recover from this recession. But it will take time, it will take patience, and it will take an understanding that when we all work together; when each of us looks beyond our own short-term interests to the wider set of obligations we have to each other - that's when we succeed. That's when we prosper. And that's what is needed right now. So let us look toward the future with a renewed sense of common purpose, a renewed determination, and most importantly, a renewed confidence that a better day will come."