Presidents -- United States -- Messages; United States -- Politics and government -- Sources
Yes, we are going to invest in America. This Administration is determined
to encourage the creation of capital, capital of all kinds. Physical
capital: everything from our farms and factories to our workshops and
production lines, all that is needed to produce and deliver quality goods
and quality services. Intellectual, intellectual capital: the source of
ideas that spark tomorrow's products. And of course human capital: the
talented work force that we'll need to compete in the global market.
And let me tell you, if we ignore human capital, if we lose the spirit of
American ingenuity, the sprit that is the hallmark of the AMERICAN worker,
that would be bad. The American worker is the most productive worker in the
world.
We need to save more. We need to expand the pool of capital for new
investments that mean more jobs and more growth. And that's the idea behind
the new initiative I call the Family Savings Plan, which I will send to
Congress tomorrow.
We need to cut the tax on capital gains, encourage, encourage risk-takers,
especially those in small businesses, to take those steps that translate
into economic reward, jobs, and a better life for all of us.
We'll do what it takes to invest in America's future. The budget commitment
is there. The money is there. It's there for research and development, R
and D, a record high. It's there for our housing initiative, hope, H-O-P-E,
to help everyone from first-time homebuyers to the homeless. The money's
there to keep our kids drug-free, 70 percent more than when I took office
in 1989. It's there for space exploration, and its there for education,
another record high.
And one more, and one more thing. Last fall at the education summit, the
governors and I agreed to look for ways to help make sure that our kids are
ready to learn the very first day they walk into the classroom. And I've
made good on that commitment by proposing a record increase in funds, an
extra half billion dollars, for something near and dear to all of us: Head
Start.
Education is the one investment that means more for our future, because it
means the most for our children. Real improvement in our schools is not
simply a matter of spending more. It's a matter of asking more, expecting
more, of our schools, our teachers, of our kids, of our parents and of
ourselves. And that's why tonight, and that's why tonight, I am announcing
America's education goals, goals developed with enormous cooperation from
the nation's governors. And if I might I'd like to say I'm very pleased
that Governor Gardner and Governor Clinton, Governor Branstad, Governor
Campbell, all of whom were very key in these discussion, these
deliberations, are with us here tonight.
Public-domain text, read in full here on John Shaqi.
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