Obama said his plan would provide jobs in the short term and would stimulate long-term economic growth by upgrading classroom technology, making public buildings more energy-efficient and reforming the health care system.
"[T]his plan must be designed in a new way — we can't just fall into the old Washington habit of throwing money at the problem. We must make strategic investments that will serve as a down payment on our long-term economic future," he said. "We must demand vigorous oversight and strict accountability for achieving results. And we must restore fiscal responsibility and make the tough choices so that as the economy recovers, the deficit starts to come down."