Barack Obama actually said...

"We no longer can afford to tolerate investments in programs that are outdated, duplicative, ineffective, or wasteful."

"Even with these costs on the books, the Budget will cut the deficit in half by the end of my first term."

"I think we have an excellent opportunity to reset the relationship between the United States and Russia on a whole host of issues."

"We very much appreciate his strong work in trying to move the relationship forward."