Type O Negative - World Coming Down

[Ilario Grijalva]

Andit's great to see Representative Jamaal Bowman, a lifelong educator, champion of the next generation. And Republican Congressman Mike Lawler is here as well. Mike's on the other team. But you know what? Mike is the kind of guy that, when I was in the Congress, they're the kind of Republican I was used to dealing with. But he's not one of these MAGA Republicans, which I'm going to talk a little bit about.

This is a really important moment. There's a big debate going on in this country about protecting America's hard-earned reputation as the most trusted, reliable nation in the world, and about how we fix the long-term fiscal health of this Nation. A debate with an enormous implication for the American economy and, quite frankly, for the world economy. And that's not hyperbole. For the world economy.

It's important for the American people to know what's at stake. This isn't just a theoretical debate going on in Washington. The decisions we make are going to have real impact on real people's lives. And that's what I'm here to talk about today.

The Speaker and the Republicans don't like that I point that out. But that's not my opinion; it's just basic math. And here's what it does: It makes huge cuts in important programs for millions of working and middle class Americans, programs they count on.

According to estimates, the Republican bill would put 21 million people at risk of losing Medicaid, including 2.3 million people here in New York State and 78,000 people right here in Westchester County. It's devastating. It's not right.

Folks, that's the game Republicans are playing. Anytime you single out the impact of their overall cuts, they tell you, "No, no, no, it's not true." But they're wrong. If they want to protect something, they would have written it down and say: "We're protecting it. You can't cut this program. You can't cut it." So you can see it.

And the consequences here would be severe. Here in New York, it would cut the maximum Pell grant, that millions of students use to get to community college, by nearly a thousand dollars. It would eliminate Pell grants entirely for 5,000 New York students.

This is not your father's Republican Party though. You know, here's what's happened if MAGA Republicans get their way: America defaults on our debt; higher interest rates for credit cards, car loans, mortgages; payments for Social Security, Medicare, our troops, and veterans could all be halted or delayed.

This is a manufactured crisis. And there's no question about America's ability to pay its bills. America has the strongest economy in the world, and we should be cutting spending and lowering the deficit without a needless crisis, in a responsible way.

I believe in cutting spending and cutting the deficit. In my first 2 years in office, I'm the only President in history that's lowered the deficit in those 2 years by a record $1.7 trillion. $1.7 trillion.

And Big Pharma, we cut that spending by $200 billion by expanding the Medicare's power to negotiate prescription drug prices and making drug companies pay rebates when they raise prices faster than inflation.

My budget also cuts tax loopholes. Look, I don't have anything against Wall Street or hedge funds executive, but just pay your taxes, man. No, I'm serious. Hedge funds executive pay a lower tax rate than the middle class worker who works for them.

No one earning less than $400,000 is going to see single penny in increase in their taxes under me. Not a single penny. They haven't yet, and they won't. If you're making more than 400, well, start to pay your fair share.

And there's nothing radical about this. That's why my budget also fully funds the Internal Revenue Service. You know, and it's kind of interesting: Republicans have been consistent for the last 10 years, cutting the number of IRS agents. I wonder why. [Laughter]

We've made enormous progress. Just look at what we've done so far. Over the past 2 years, we've created a record 12.7 million new jobs, more than ever in that period of time, including 800,000 manufacturing jobs.

You know, how can we be the most prosperous economy in the world without having the greatest infrastructure in the world? We used to be ranked number one in the world in infrastructure. You know what we rank now? Thirteen. Thirteen.

Folks, these are the small computer chips the size of the end of your little finger, nearly everything in our lives from cell phones, automobiles, refrigerators, most sophisticated weapons systems. America invented these chips. We invented them. We made them better.

But I know folks are still struggling with inflation. The way I think about it is the way my dad used to talk about it around the kitchen table. For real. He'd say: "How much are the monthly bills? At the end of the month, do you have enough to pay for all your bills and just have a little breathing room left?" Just a little breathing room.

Well, that's why I wrote and signed the Inflation Reduction Act. Americans pay more in prescription drugs, as I said, than any advanced country on Earth. We were fighting for years to allow Medicare to negotiate those lower drug prices.

Take a look at the New York Times yesterday, what they wrote. I think it was the front page. Texas now is becoming one of the leading States in the Nation in renewable energy, the number of wind farms they have, solar farms, and hydrogen.

Even though it'd be creating jobs, taking on climate change, they don't want it. Because it's so, so much more costly to go the other route. They say it costs too much, but the truth is, it's too successful.

We're on the cusp of a major change. We're creating jobs again. American manufacturers are booming again. Where is it written that America can't lead the world in manufacturing? We're lowering the deficit. Towns that had been forgotten and left behind are coming alive again, bringing back a sense of pride.

This is no time to put all this at risk, to threaten a recession, to put at risk millions of jobs, to undermine America's standing in the world. Republican threats are dangerous, and they make no sense.

NOTE: The President spoke at 1:51 p.m. at SUNY Westchester Community College. In his remarks, he referred to Brian Sullivan, teacher, Highlands Middle School in White Plains, NY, who introduced the President; Speaker of the House of Representatives Kevin O. McCarthy; House Minority Leader Hakeem S. Jeffries; and former Secretary of the Treasury Lawrence H. Summers. He also referred to his sister Valerie Biden Owens and brothers James B. and Francis W. Biden.

Head coach Mack Brown

Opening statement: It was a great game. I thought it was more like a fight. The two teams are very respectful of each other, people just knocking each other out for three and a half hours. The defenses dominated the first half for sure, and the offenses came and made some plays in the second half. Our coaches had great plans on both sides, didn't work as well in the first half. It was tough, it was ugly. Our guys continue to come from behind and win close games. I'm very proud of them.

On Colt McCoy's thumb: Colt (McCoy) got his thumb hurt early in the game and he's so tough, he stayed out there and kept fighting through it. It was his right thumb. He didn't want to come out so he kept playing.

On what Texas did well today: I thought the offense did a good job of adjusting at halftime. I liked the way we forced turnovers. I liked the way we punted the ball. Field position was huge after the first quarter.

On where Texas goes from here: We were sitting here in this same position last year and after we lost to Texas Tech we let it go back into a system and the system kept us out. Now next week's game becomes bigger than this one and it'll progress like that for the rest of the year.

On the team's execution: I think we haven't played near our best game yet. That's what I like about this team. They're 6-0, in the top three in the country and we're not even close to where we can be. We have a lot of young guys like Marquise (Goodwin) that just keep getting better. The defense keeps getting better and the kicking game keeps getting better. We've got a chance; we just need to keep playing.

On the running game: I'm proud that we could run the ball better today. I saw in the stats OU had minus-16 yards rushing and we had 142, and 100 of that came in the second half. You've got to be able to run the ball in the second half and in the fourth quarter, in my estimation, to win.

On Oklahoma QB Sam Bradford's injury: We're really sorry for Sam that he got hurt. What a great kid and a great player. You hope that he's fine and I'm sure he will be, but you don't want to see a young man get hurt. Our thoughts and prayers will be with him for a full recovery.

On if Texas prepared for Oklahoma QB Landry Jones: In some ways, we felt like we might see Landry (Jones) because we hadn't been out there long and Landry has played a lot more. We felt like that if Sam (Bradford) couldn't move around the pocket very much that it might take away some of the things they did. Like Colt, Landry came in and did a great job, and he'll be a great player for them in the future.

On WR Marquise Goodwin: He can catch. He's going to be a super player for us this year, not just in the future. He's a guy that makes a difference for us. He can take a short one and turn it into a long one. We're really proud of him. It's a tremendous amount of pressure for a freshman in this game and he played lights out.

On CB Aaron Williams: He's a shut down corner and he's also one of our best blitzers. He's coming off the edge very well right now because he's so fast and he has a good knack of when to go ahead and go to the quarterback or pull off if a guy's flaring. He's a very smart football player.

On the team's attitude at halftime: All of us were upset because we had not played very well but we all knew that we had a chance. We're a better second half team than we are a first half team. There's a lot of emotion in the first half of ball games. Our kids were not frustrated as much as they were disappointed. We had eight penalties in the first half. We'd have a chop block, a hold, a missed assignment. Colt said they gave us some different looks than we had had. We put in some different plays, too, offensively with some misdirection stuff that we hadn't used.

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