Barack Obama actually said...

"We can live within our means while still investing in our future."

"That means looking at every program and tax break in the budget--every single one--to find places to cut waste and save money."

"We have to cut the spending we can't afford so we can put the economy on a sounder footing and give our businesses the confidence they need to grow and create jobs."

"Government has to start living within its means, just like families do."