Barack Obama actually said...

"After so much bloodshed and so much carnage, there cannot be a return to the prewar status quo."

"We need a system that's smarter and more effective and more fair."

"We lock in sequester relief for two years while also making critical investments all across government."

"We believe those are significant, including reforms that are focused on ensuring that large partnerships like hedge funds and private equity firms cannot avoid paying taxes they owe."