Biden calls framework “historic,” but acknowledges “no one got everything they wanted, including me”
President Biden made the case for his $1.75 trillion social agenda package, calling the financial framework “historic” throughout remarks from the White Home.
“After months of robust and considerate negotiations I feel we have now an historic — I do know we have an historic financial framework. It is a framework that can create thousands and thousands of jobs, develop the financial system, spend money on our nation and our folks, flip the local weather disaster into a possibility, put us on a path not solely to compete however to win the financial competitors for the twenty first century in opposition to China and each different main nation on the planet,” the President mentioned.
Biden famous that the framework will not be solely “absolutely paid for” but additionally “17 Nobel prize winners in economics mentioned it is going to decrease the inflationary pressures on the financial system. Over the following 10 years, it is going to not add to the deficit in any respect. It can truly cut back the deficit, in accordance with the economists.”
The President additionally defined how the present framework is a results of important compromise.
“I need to thank my colleagues in the Congress for his or her management. We spent hours and hours over months and months engaged on this. Nobody bought all the things they wished, together with me, however that is what compromise is. That is consensus. And that is what I ran on,” he mentioned.
“I’ve lengthy mentioned compromise and consensus are the one technique to get huge issues executed in a democracy, essential issues executed for nation. I do know it is laborious. I understand how deeply really feel really feel concerning the issues they combat for. However this framework contains historic investments in our nation and in our folks,” Biden defined.
