Barack Obama actually said...

"We shouldn't gut these investments in our budget. Don't let other countries win the race to the future."

"The size and the structure of our military and defense budgets have to be driven by a strategy, not the other way around..."

"The major driver of our long-term liabilities-- everybody here knows it--is Medicare and Medicaid."

"Let there be no doubt: America is determined to prevent Iran from getting a nuclear weapon, and I will take no options off the table to achieve that goal."