2016 State of the Union address: on Budget & Economy


Barack Obama: Broad economic change causes economic insecurity for workers

The economy has been changing in profound ways. Today, technology can replace any job where work can be automated. Companies in a global economy can locate anywhere, and they face tougher competition. As a result, workers have less leverage for a raise. Companies have less loyalty to their communities. And more wealth and income is concentrated at the very top. All these trends have squeezed workers, even when they have jobs; even when the economy is growing.
Source: 2016 State of the Union address to Congress Jan 20, 2016

Gary Johnson: National debt, approaching $20 trillion, is bankrupting us

The President says that anyone who says the economy is in decline is peddling fiction. We can quibble over economists' numbers, but it doesn't take an economist to know that continuing to add to the national debt is bankrupting us-- and that debt has doubled on his watch, aided and abetted by Congress. My assessment of the State of the Union is quite different than President Obama's, and much simpler. I see a national debt that will hit $20 trillion by the time he leaves office.
Source: Libertarian Party response to 2016 State of the Union speech Jan 12, 2016

  • The above quotations are from 2016 State of the Union address to Congress, plus the opposition party responses: Jan. 14, 2016.
  • Click here for definitions & background information on Budget & Economy.
  • Click here for other issues (main summary page).
  • Click here for more quotes by Barack Obama on Budget & Economy.
  • Click here for more quotes by Nikki Haley on Budget & Economy.
2020 Presidential contenders on Budget & Economy:
  Democrats running for President:
Sen.Michael Bennet (D-CO)
V.P.Joe Biden (D-DE)
Mayor Mike Bloomberg (I-NYC)
Gov.Steve Bullock (D-MT)
Mayor Pete Buttigieg (D-IN)
Sen.Cory Booker (D-NJ)
Secy.Julian Castro (D-TX)
Gov.Lincoln Chafee (L-RI)
Rep.John Delaney (D-MD)
Rep.Tulsi Gabbard (D-HI)
Sen.Amy Klobuchar (D-MN)
Gov.Deval Patrick (D-MA)
Sen.Bernie Sanders (I-VT)
CEO Tom Steyer (D-CA)
Sen.Elizabeth Warren (D-MA)
Marianne Williamson (D-CA)
CEO Andrew Yang (D-NY)

2020 Third Party Candidates:
Rep.Justin Amash (L-MI)
CEO Don Blankenship (C-WV)
Gov.Lincoln Chafee (L-RI)
Howie Hawkins (G-NY)
Gov.Gary Johnson(L-NM)
Howard Schultz(I-WA)
Gov.Jesse Ventura (I-MN) 		Republicans running for President:
Sen.Ted Cruz(R-TX)
Gov.Larry Hogan (R-MD)
Gov.John Kasich(R-OH)
V.P.Mike Pence(R-IN)
Gov.Mark Sanford (R-SC)
Pres.Donald Trump(R-NY)
Rep.Joe Walsh (R-IL)
Gov.Bill Weld(R-MA & L-NY)

2020 Withdrawn Democratic Candidates:
Sen.Stacey Abrams (D-GA)
Mayor Bill de Blasio (D-NYC)
Sen.Kirsten Gillibrand (D-NY)
Sen.Mike Gravel (D-AK)
Sen.Kamala Harris (D-CA)
Gov.John Hickenlooper (D-CO)
Gov.Jay Inslee (D-WA)
Mayor Wayne Messam (D-FL)
Rep.Seth Moulton (D-MA)
Rep.Beto O`Rourke (D-TX)
Rep.Tim Ryan (D-CA)
Adm.Joe Sestak (D-PA)
Rep.Eric Swalwell (D-CA)
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Page last updated: Dec 03, 2021