The White House

Office of the Press Secretary

Statement by the President on Europe

We welcome the important decisions made last night by the European Union which lay a critical foundation for a comprehensive solution to the Eurozone crisis. We look forward to the full development and rapid implementation of their plan. We will continue to support the EU and our European allies in their efforts to address this crisis as we work together to sustain the global recovery and put our people back to work.

The White House

Office of the Press Secretary

Statement from the President on the Retirement of Congressman John Olver

In the State House and Congress, John Olver has proudly served the people of Massachusetts for over forty years. He has fought tirelessly for a cleaner environment, modern infrastructure, more affordable housing, and more accessible health care. Michelle and I join the people of Massachusetts in thanking Congressman Olver for his service, and we wish John, his wife Rose, and daughter Martha the very best in the future.

The White House

Office of the Press Secretary

Statement by the President on the Observance of Diwali

Today, here in America and around the world, Hindus, Jains, Sikhs and some Buddhists will celebrate the holiday of Diwali – the festival of lights.  Many who observe this holiday do so by lighting the Diya, or lamp, which symbolizes the victory of light over darkness and knowledge over ignorance.  I was proud to be the first President to mark Diwali and light the Diya at the White House, and last year Michelle and I were honored to join in Diwali celebrations during our visit to India.

Diwali is a time for gathering with family and friends and—as we experienced in India—celebrating with good food and dancing.  It is also a time for contemplation and prayer that serves as a reminder of our obligations to our fellow human beings, especially the less fortunate.  To all who are observing this sacred holiday here and around the world, Happy Diwali and Saal Mubarak. 

The White House

Office of the Press Secretary

President Obama Announces Presidential Delegation to the Kingdom of Saudi Arabia to Offer Condolences for the Passing of Crown Prince Sultan bin Abd al-Aziz Al Saud

President Barack Obama today announced the designation of a Presidential Delegation to the Kingdom of Saudi Arabia to offer condolences to the Custodian of the Two Holy Mosques, King Abdullah bin Abd al-Aziz Al Saud, on the passing of the Crown Prince and Deputy Premier and Minister of Defense and Aviation and Inspector General, HRH Prince Sultan bin Abd al-Aziz Al Saud.

The Honorable Joseph R. Biden Jr., Vice President of the United States, will lead the delegation on October 27, 2011.

Members of the Presidential Delegation:

The Honorable James B. Smith, United States Ambassador to the Kingdom of Saudi Arabia

The Honorable John S. McCain, Ranking Member of the Senate Armed Services Committee

The Honorable William Cohen, Former Secretary of Defense

The Honorable Ray Mabus, Secretary of the Navy

The Honorable David H. Petraeus, Director of the Central Intelligence Agency

General James N. Mattis, Commander of the United States Central Command

The White House

Office of the Press Secretary

FACT SHEET: "Help Americans Manage Student Loan Debt"

The Administration has made historic investments in Pell Grants and the American Opportunity Tax Credit to help make college more affordable for millions of current and future students. While college remains an excellent investment for most students, debt may discourage some potential students from enrolling, keeping them from getting the skills they need to compete in the global economy. Some borrowers may struggle to manage their bills and support their families.  The need for enough income to make large monthly payments may discourage some graduates from starting a new job-creating business or entering teaching or another lower-paying public service career. 

Today, the President announced a series of additional steps that the Administration will take to make college more affordable and to make it even easier for students to repay their federal student loans:

Help Americans Manage Student Loan Debt by Capping Monthly Payments to What They Can Afford 

  • Allow borrowers to cap their student loan payments at 10% of discretionary income.  In the 2010 State of the Union, the President proposed – and Congress quickly enacted – an improved income-based repayment (IBR) plan, which allows student loan borrowers to cap their monthly payments at 15% of their discretionary income. Beginning July 1, 2014, the IBR plan is scheduled to reduce that limit from 15% to 10% of discretionary income.
  • Today, the President announced that his Administration is putting forth a new “Pay As You Earn” proposal to make sure these same important benefits are made available to some borrowers as soon as 2012. The Administration estimates that this cap will reduce monthly payments for more than 1.6 million student borrowers.

For example:

  • A nurse who is earning $45,000 and has $60,000 in federal student loans. Under the standard repayment plan, this borrower’s monthly repayment amount is $690. The currently available IBR plan would reduce this borrower’s payment by $332 to $358.  President Obama’s improved ‘Pay As You Earn’ plan will reduce her payment by an additional $119 to a more manageable $239 -- a total reduction of $451 a month.
  • A teacher who is earning $30,000 a year and has $25,000 in Federal student loans.  Under the standard repayment plan, this borrower’s monthly repayment amount is $287 .  The currently available IBR plan would reduce this borrower’s payment by $116, to $171.  Under the improved ‘P ay As You Earn’ plan, his monthly payment amount would be even more manageable at only $114.   And, if this borrower remained a teacher or was employed in another public service occupation, he would be eligible for forgiveness under the Public Service Loan Forgiveness Program after 10 years of payments .
  •  Continues to provide help for those already in the workforce. Recent graduates and others in the workforce who are still struggling to pay off their student loans can immediately take advantage of the current income-based repayment plan that caps payments at 15% of the borrower’s discretionary income to help them manage their debt. Currently, more than 36 million Americans have federal student loan debt, but fewer than 450,000 Americans participate in income-based repayment. Millions more may be eligible to reduce their monthly payments to an amount affordable based on income and family size. The Administration is taking steps to make it easier to participate in IBR and continues to reach out to borrowers to let them know about the program .

Borrowers looking to determine whether or not income-based repayment is the right option for them should visit http://studentaid.ed.gov/ibr

The CFPB also released the Student Debt Repayment Assistant, an online tool that provides borrowers, many of whom may be struggling with repayment, with information on income-based repayment, deferments, alternative payment programs, and much more.  The Student Debt Repayment Assistant is available at ConsumerFinance.gov/students/repay

Improve Ease of Making Payments and Reduce Default Risk by Consolidating Loans

  • Provide a discount on consolidation loans.  While all new federal student loans are now Direct Loans thanks to the historic reforms in the Health Care and Education Reconciliation Act, there are still $400 billion outstanding in old Federal Family Education Loans.  These loans offer fewer repayment options and are unnecessarily expensive for taxpayers.  In addition, about 6 million borrowers have at least one Direct Loan and at least one FFEL loan, which requires them to submit two separate monthly payments, a complexity that puts them at greater risk of default. 

To ensure borrowers are not adversely impacted by this transition and to facilitate loan repayment while reducing taxpayer costs, the Department of Education is encouraging borrowers with split loans to consolidate their guaranteed FFEL loans into the Direct Loan program. Borrowers do not need to take any action at this time.  Beginning in January 2012, the Department will reach out to qualified borrowers early next year to alert them of the opportunity.

This special consolidation initiative would keep the terms and conditions of the loans the same, and most importantly, beginning in January 2012, allow borrowers to make only one monthly payment, as opposed to two or more payments, greatly simplifying the repayment process. Borrowers who take advantage of this special, limited-time consolidation option would also receive up to a 0.5 percent reduction to their interest rate on some of their loans, which means lower monthly payments and saving hundreds in interest.  Borrowers would receive a 0.25 percent interest rate reduction on their consolidated FFEL loans and an additional 0.25 percent interest rate reduction on the entire consolidated FFEL and DL balance.

For example:

  • A borrower about to enter repayment with two $4,500 FFEL Stafford loans (at 6.0%) and a $5,500 Direct Stafford loan (at 4.5%). Under Standard Repayment, the borrower can expect to pay a total of $4,330 in interest until the loans are paid in full. If this borrower consolidates their FFEL loans under this initiative they would save $376 in interest payments, and make only one payment per month, instead of two.
  • A borrower in repayment with a $32,000 FFEL Consolidation loan (at 6.25%) and a $5,500 Direct Unsubsidized Stafford loan (at 6.8%). Under Standard Repayment, the borrower can expect to pay a total of $13,211 in interest until the loans are paid in full. If this borrower consolidates the FFEL loan under this initiative they would save $964 in interest payments, and make only one payment per month instead of two.

Provide Consumers with Better Information to Make College Selection Decisions

“Know Before You Owe” Financial Aid Shopping Sheet.

  • The Consumer Financial Protection Bureau and the Department of Education have teamed up to launch a new “Know Before You Owe” project aimed at creating a model financial aid disclosure form, which colleges and universities could use to help students better understand the type and amount of aid they qualify for and easily compare aid packages offered by different institutions. This “Financial Aid Shopping Sheet” makes the costs and risks of student loans clear upfront – before students have enrolled – outlining their total estimated student loan debt, monthly loan payments after graduation and additional costs not covered by federal aid.  Ultimately, this provides students and their families with useful information that can help them make a more informed decision about where to attend college and help them better understand the debt burden they may be left with.

The CFPB is soliciting feedback on how to further improve the form, especially looking for input from college students and their families. They can go to the CFPB's website ( http://consumerfinance.gov/students/knowbeforeyouowe ) where an online ranking tool will provide the public with an opportunity to weigh in on the financial aid shopping sheet.

The White House

Office of the Press Secretary

We Can't Wait: Obama Administration to Lower Student Loan Payments for Millions of Borrowers

Actions Offer Recent Graduates an Opportunity to Consolidate Loans and Reduce Interest Rates

WASHINGTON, DC – Today, the Obama Administration announced it is taking steps to increase college affordability by making it easier to manage student loan debt. The announcement is part of a series of executive actions to put Americans back to work and strengthen the economy because we can’t wait for Congressional Republicans to act.

The Administration is moving forward with a new “Pay As You Earn” proposal that will reduce monthly payments for more than one and a half million current college students and borrowers.  Starting in 2014, borrowers will be able to reduce their monthly student loan payments to 10 percent of their discretionary income. But President Obama realizes that many students need relief sooner than that.  The new “Pay As You Earn” proposal will allow about 1.6 million students the ability to cap their loan payments at 10 percent starting next year, and the plan will forgive the balance of their debt after 20 years of payments.  Additionally, starting this January an estimated 6 million students and recent college graduates will be able to consolidate their loans and reduce their interest rates.

“In a global economy, putting a college education within reach for every American has never been more important,” President Obama said. “But it’s also never been more expensive.  That’s why today we’re taking steps to help nearly 1.6 million Americans lower their monthly student loan payments.  Steps like these won’t take the place of the bold action we need from Congress to boost our economy and create jobs, but they will make a difference.  And until Congress does act, I will continue to do everything in my power to act on behalf of the American people.”

“College graduates are entering one of the toughest job markets in recent memory, and we have a way to help them save money by consolidating their debt and capping their loan payments. And we can do it at no cost to the taxpayer,” said U.S. Secretary of Education Arne Duncan.

Current law allows borrowers to limit their loan payments to 15 percent of their discretionary income and forgives all remaining debt after 25 years. However, few students know about this option.  Students can find out if they are currently eligible for IBR at www.studentaid.ed.gov/ibr. Last year, the President proposed, and Congress enacted, a plan to further ease student loan debt payment by lowering the IBR loan payment to 10 percent of income, and the forgiveness timeline to 20 years. This change is set to go into effect for all new borrowers after 2014—mostly impacting future college students.

Today, the Administration is proposing to offer even more immediate relief to many current college students by giving them the chance to limit loan payments to 10 percent of their discretionary income starting in 2012.  In addition, the debt would be forgiven after 20 years instead of 25, as current law allows. For many who struggle to manage their student loan debt – including teachers, nurses, public defenders and others in lower-paying jobs – these proposed changes could reduce their payments by hundreds of dollars each month. Overall, this proposal would provide an estimated 1.6 million borrowers with more manageable monthly payments.

The Administration is also planning to offer student borrowers the chance to better manage their debt by consolidating their federal student loans. Today, approximately 5.8 million borrowers have both a Direct Loan (DL) and a Federal Family Education Loan (FFEL) that require separate payments, which makes them more likely to default. To address the needs of these borrowers, the Administration will allow borrowers the convenience of a single payment to a single lender for both loans. Borrowers who take advantage of this consolidation option, which begins in January, would also receive up to a 0.5 percent reduction in their interest rate on some of their loans, which means lower monthly payments that would save hundreds of dollars in interest. Eligible borrowers will be contacted by their federal loan servicer early next year with information on how to consolidate.

These changes carry no additional cost to taxpayers.

Additional Announcements:

As part of the “Know Before You Owe” project, the Consumer Financial Protection Bureau, in collaboration with the Department of Education, will release today a Financial Aid Shopping Sheet -- a draft model financial aid disclosure form.  This sheet will be a tool that colleges and universities could use to help students better understand the type and amount of aid they qualify for and easily compare aid packages offered by different institutions. The form would also make the total costs -- and risks -- of the student loans clear before they enroll by outlining their total estimated student loan debt, monthly loan payments after graduation and additional costs not covered by federal aid.

The CFPB is taking feedback on how to further improve the form, especially looking for input from college students and their families. They can log onto http://www.consumerfinance.gov/students/knowbeforeyouowe/ to sign up to provide feedback on the CFPB’s website. Building on the model of the “Financial Aid Shopping Sheet”, the President has also tasked the Chief Technology Officer with further leveraging data and technology to help provide college- bound students and parents with more comparative information about college costs and college aid so they can make more informed decisions about where to enroll.
 
In addition, the U.S. Small Business Administration, as part of the White House-led Startup America initiative, has launched a website (www.sba.gov/startupamerica/student-startup-plan) to walk young entrepreneurs through the process of reducing their monthly student loan payments. URL.  

Also, in response to the President’s call to action to promote high-growth entrepreneurship across the country, today the Young Entrepreneur Council’s new private-sector Gen Y Fund has committed to investing $10 million in as many as 100 Millennial-generation startups, including a promise to pay down any of these young entrepreneurs’ remaining federal student loan obligations over the next three years.

The White House

Office of the Press Secretary

White House Announces Secretary Ken Salazar as Administration's Senior Official Responsible for Oversight of Implementation of Extractive Industries Transparency Initiative

President Obama is pleased to announce that the Secretary of the Interior Ken Salazar will be the senior individual responsible for oversight of U.S. implementation of the Extractive Industries Transparency Initiative (EITI).  As part of the United States Open Government National Action Plan released in September, the President announced that the United States, a long-time champion of EITI, would itself implement EITI in order to ensure that taxpayers receive every dollar due for extraction of our natural resources. Secretary Salazar and his staff will work with industry and civil society to develop a sensible plan to disclose relevant information about revenues from oil, gas, and mining assets, and to enhance the accountability and transparency of our revenue collection efforts.  Under Secretary Salazar’s leadership, the Department of Interior has a strong record of partnering with industry and citizens to make important strides in reforming the management of our natural resources, and EITI is just the latest in a long series of steps designed to make the U.S. government more open and more accountable to the American people.

The White House

Office of the Press Secretary

FACT SHEET: We Can't Wait: Obama Administration's New Initiatives to Help Create Jobs for Veterans

Military medics are on the front lines everyday saving lives; they are the battlefield’s first responders. Yet many military medics who want to work as nurses, physician assistants or in other health care jobs when they leave the military, are often not given credit or credentials for the skills they developed while serving.

In August of this year, President Obama told the story of Nick Colgin:

When Nick was in Afghanistan, he served as a combat medic with the 82nd Airborne. Over the course of his deployment, Nick saved the life of a French soldier who was shot in the head and helped 42 people escape from a flooding river. He earned a Bronze Star for his actions. But when Nick got back home to Wyoming, he couldn’t get a job as a first responder. So he ended up having to take classes through the Post-9/11 GI Bill, classes he easily could have taught, just so he could qualify for the same duties at home that he was doing every single day in Afghanistan.

To respond to the challenges Nick and his colleagues have encountered, last month, the Obama Administration announced an initiative to align accreditation requirements for nursing programs with medic training so that military medics can receive academic credit for their service. Beginning in fiscal year 2012, the Administration is giving priority to nurse training programs that serve veterans when awarding grants. In fiscal year 2011, these nursing training programs awarded more than $102 million to schools of nursing and other training programs.

Today, the Obama Administration announced two new initiatives to help create jobs for veterans. The announcement is one in a series of Executive actions that will help put Americans back to work and strengthen the economy.

Hiring 8,000 Veterans in Three Years: The Community Health Center Veterans Hiring Challenge
Today, the Obama Administration challenged Community Health Centers to hire 8,000 veterans – approximately one veteran per health center site – over the next three years. The health reform law provides funding for community health centers to serve more Americans and hire more workers. Additionally, HHS will ask centers to start reporting on the number of veterans that they employ. The Departments of Health and Human Services, Defense, Labor, and Veterans Affairs will work together to connect veterans to the health clinics’ job openings. The National Association of Community Health Centers will also contribute to this effort and joined the Administration in announcing this Community Health Center Veterans Hiring Challenge.

Health centers improve the health of the nation and assure access to quality primary health care services at more than 8,000 service delivery sites around the country. They are also an integral source of local employment and economic growth in many underserved and low-income communities. Thanks in part to support from the Affordable Care Act, since the beginning of 2009, health centers across the country have added more than 18,600 new full-time positions in many of the nation’s most economically distressed communities. In 2010, they employed more than 131,000 staff, including veterans who serve as Physician Assistants, Administrators, Pharmacy Directors, outreach workers, eligibility assistance workers, and patient support staff and health center CEOs. Veterans who are committed to serving their country and their communities are well suited to serve in a number of capacities at community health centers.

Helping Veterans Become Physician Assistants
To fast-track medics into jobs in community health centers and other parts of the health care system, today the Health Resources and Services Administration (HRSA) pledged to open up career-paths beyond nursing and expand opportunities for veterans to become physician assistants. Through this initiative, HRSA will begin to give priority in physician assistant grant awards to universities and colleges that help train veterans for careers as physician assistants. Through the Affordable Care Act, Recovery Act, and appropriations in fiscal years 2010 and 2011, $45 million has been invested to support accredited physician assistant training programs. Currently, there are 57 active physician assistant training grants.

To expand the number of training programs that accommodate veterans, the Administration also will identify model programs that offer expedited curricula for veterans and that offer enhanced veteran recruiting, retention, and mentoring services. The initiative will engage all physician assistant programs in learning how to replicate these models so that programs across the country can create better training and career pathways for veterans. HRSA will start by providing technical assistance to more than 21 institutions beginning the week of Veterans Day. These institutions represent those with active veteran programs who can share best practices and strategize for further outreach to the 159 accredited physician assistants programs across the country, extending the reach beyond those that receive HRSA funds.

The physician assistant profession has a long history of working with the military. Some of the first physician assistants were members of the military who used their considerable medical training during their military service to help meet health care needs at home. Today, physician assistants are an important part of the health care workforce who practice as part of a team with physicians and provide services such as physicals, basic emergency care, counseling and follow-up care. They deliver care in nearly one in ten visits to community health centers. There are about 81,000 physician assistants in the U.S.

President Obama’s Commitment to Veterans
Today’s initiatives build on the President’s commitment to create a 21st century health care workforce. Thanks to the Recovery Act, the Affordable Care Act and ongoing appropriations, we are on a path to add thousands of primary care practitioners to the system through enhanced training and support for health care workers. Since 2008, Recovery Act and Affordable Care Act funding has led to a near tripling of the National Health Service Corps to over 10,000. The Recovery Act also supported the training of 5,124 students to join the health information technology workforce, helping to lower health care costs by reducing paperwork.

The Obama Administration has also taken a series of steps to help create jobs for veterans and reduce veteran unemployment:

  • On October 19, First Lady Michelle Obama announced that the American Logistics Association (ALA) and their 270 affiliate companies have committed to hiring 25,000 veterans and military spouses by the end of 2013. This commitment is part of the First Lady’s and Dr. Jill Biden’s Joining Forces initiative to support veterans and military families. The ALA’s commitment will fulfill a quarter of the President’s challenge to the private sector to hire or train 100,000 veterans and military spouses by the end of 2013.
  • President Obama called for a new Returning Heroes Tax Credit for firms that hire unemployed veterans and a Wounded Warriors Tax Credit that will increase the existing tax credit for firms that hire veterans with service-connected disabilities who have been unemployed long-term.
  • The Departments of Defense and Veterans Affairs, working closely with other agencies and the President’s economic and domestic policy teams, will lead a new task force to develop reforms to ensure that every member of the service receives the training, education, and credentials they need to transition to the civilian workforce or to pursue higher education. These reforms will include the design of a “Reverse Boot Camp,” which will extend the transition period to give service members more counseling and guidance and leave them career-ready.

The White House

Office of the Vice President

Remarks by Vice President Biden at the World Food Program USA Leadership Award Ceremony

U.S. Department of State
Washington, D.C.
October, 24, 2011

As Prepared For Delivery

Thank you, Rick, for that introduction and for the important work of the World Food Program USA to help meet humanity’s most basic need. Let me also congratulate our two honorees—Bill Gates and Howard Buffett—for your extraordinary contributions and personal commitment to eradicating hunger. Your groundbreaking work with the World Food Program on “Purchase for Progress”—using the purchasing power of the WFP to help small farmers—will set a standard for public-private partnerships for years to come.

I also want to acknowledge the team leading our Administration’s efforts on food security: Secretary of State Hillary Clinton, last year’s recipient of your leadership award, and USAID Administrator Rajiv Shah. Both Hillary and Raj have spoken eloquently and powerfully about these issues, especially amid the ongoing crisis in the Horn of Africa.

And I have heard, and continue to hear, powerful personal stories about the crisis in the Horn from my wife Jill and my son, Hunter, who have both traveled to the region, and talked with some of the 13 million people at risk there. Jill tells a haunting story of a Somali woman, who described the long walk from Somalia’s famine zones into Kenya with two young children. When she could no longer carry them both, she was forced to leave one of them behind.  That is a choice no parent should have to make.

A tragedy like this is a stain on the conscience of the world.  As the ad by the ONE Campaign put it, famine is obscene.  And I know that for those who have seen this suffering up close, it haunts you. It haunts all of us. And it stiffens our resolve to do something about it. In addressing these problems, our Administration is motivated by a simple proposition:  helping people in times of crisis is the right thing to do. 

The President also recognizes that it is not enough to make sure people have enough food to make it through today; we must help them take steps to prevent the crises of tomorrow. This approach benefits not only the people in these vulnerable countries, but the security of the international system, and of the United States.

In 2008, a global financial crisis brought us to the brink of a second Great Depression.  But another shock that year—a spike in global food prices— set off a crisis of food insecurity that touched every region of the world. The least fortunate were hurt the most—because when you live on a dollar or two a day, most of your income is spent on food.  And when that income is depleted, you go to bed hungry.

When we came to office, President Obama and I were determined to frame a global response to prevent such crises in the future. We knew that this was a problem we could do something about—and felt a moral obligation to the nearly one billion people in the world who suffer from chronic hunger.

So early in 2009, we launched a Food Security initiative and made it a priority for our administration.  We committed at least $3.5 billion over three years to launch this initiative, which we now call “Feed the Future.” The rest of the international community pledged another $18.5 billion, and we continually urge our partners to do more.

But we also asked our development experts to do things differently—to achieve the best results for the taxpayer by asking vulnerable countries to develop their own plans and spend more of their own budgets – to put skin in the game.  We are taking a comprehensive approach aimed at ensuring countries need not rely on food aid in the future by focusing on women as part of the solution and by meticulously and rigorously measuring our results.   

Feed the Future is about restoring the basic dignity that comes from being able to feed your family without having to turn to anyone for help. This series of programs is focusing on 20 vulnerable countries on three continents—with a goal of helping 18 million people out of poverty, including 7 million children who are chronically malnourished.

These plans are focused not just on today’s desperate needs, but on anticipating and preventing tomorrow’s challenges – with programs that emphasize nutrition, research and development and conservation and that unleash the productivity of women.

And we are actively engaging the private sector, which works in partnership with governments to help them create sustainable agricultural economies— which in the developing world remain the key to economic growth.

In several African countries, our Agency for International Development is working with General Mills to transform the food processing sector, offering technical support and training to increase the availability of high quality, nutritious, and safe foods.

In Central America, our development experts work with Wal-Mart to support small-scale farmers, facilitating relationships with Wal-Mart’s buyers, who can explain their quality standards and share their production calendars. 

And through a new initiative, our government will train Ethiopian chickpea farmers;  PepsiCo will source at least 10 percent of its growing demand for chickpeas from Ethiopia; and the World Food Program and others will process Ethiopian chickpeas into a highly nutritional supplement for malnourished children.

Through these and many other programs, we hope Feed the Future can be a blueprint for development policy in the coming decades. We launched Feed the Future because tackling global hunger reflects our nation’s cherished values and because we believe that starvation anywhere, even in far-off corners of the planet, is the responsibility of all people everywhere. 

But we also made food security a priority because it enhances our national security and the stability of the international system.

As Pope Paul VI once said, “development is the new word for peace.” And the reality is that, in many countries, food security and political stability are closely linked.

Investments made to ward off food insecurity and prevent its recurrence can prevent the vicious cycles of rising extremism, armed conflict and state failure than can require far larger commitments of resources down the road.

When food prices spiked three years ago, riots or demonstrations broke out in dozens of countries because people could no longer feed their children. Many of these protests turned violent.

In Sudan, the Darfur crisis, which seized the world’s attention for much of the past decade, was sparked, in part, by a competition for arable land—a competition later used to justify unspeakable atrocities by the Janjaweed militia.  The crisis in Darfur is man-made.  But it is also true that with dwindling supplies of water and arable land, often exacerbated by climate change, the conditions were ripe for conflict— because people were forced to compete for resources they once shared.

Food insecurity is also fueling political instability in the Horn of Africa, as millions flee Somalia into neighboring Kenya and Ethiopia.

That is why President Obama has not hesitated to authorize more aid to those affected by this famine, despite the risks posed by al-Shabaab, a terrorist group that has brutalized the Somali population and placed deadly restrictions on humanitarian access to southern Somalia.

“Let me worry about al-Shabaab,” he said, “Where we can, we have to take steps to help these starving women and children.” Al Shabaab terrorists did not create the food crisis, but they have made it far worse.  Drought conditions exist throughout East Africa, but so far, famine is concentrated only in Al Shabaab-controlled areas. 

And in the face of famine, Al Shabaab has disrupted agricultural practices and the free flow of goods, and willfully denied the hundreds of thousands of starving people access to food, water and medicine.

They have kidnapped innocent civilians and threatened aid workers in the very camp my wife visited. And in the most cynical action of all, they endanger their own people by commandeering assistance sent by the rest of the world.

These sorts of tactics are controversial even within Al Shabaab and among its leaders. Make no mistake—it is not that Al Shabaab cares about innocent people dying. Rather, they are concerned that these grim conditions threaten their grip on the region and undermine their propaganda purporting to defend the Somali people.

The challenges that remain are enormous. To broaden the scale of our most successful projects, we need to build on the alliances that brought us here today.  We need more leaders like Bill Gates and Howard Buffett.  More companies to join us as partners.  More nations willing to respond to our President’s commitment. More NGOs, and courageous NGO workers.

I want to thank all you here for doing your part. And those of you who work directly in the most vulnerable countries, we honor not only your humanity but also your physical courage, day in and day out, in delivering help where it is needed most.

We will continue to support your work, by urging our friends in Congress to resist the urge to slash foreign aid budgets, because long-term solutions now can reduce the cost of massive relief efforts and instability later.

We know one thing for sure—if we do nothing, food insecurity will loom as an even bigger threat in the future. We also know that if we act, we can make a difference. We have the science. We have the know-how. And we have the capabilities. We just have to have the will.

I am often accused of being an optimist.  I plead guilty, because I believe strongly in the human capacity—and desire—to build a better world.  But I am particularly confident in our ability to feed the future because we have done it before. 

Beginning in the 1950s, we provided agricultural support—research, training, and partnerships with American firms—to South Korea, which was one of the poorest countries on the planet. Today, it is the world’s 15th largest economy, and a major trading partner responsible for hundreds of thousands of American jobs. 

During the Green Revolution of the 1960s and 1970s, development initiatives raised living standards around the world—most notably in Asian countries that were newly able to feed themselves and never looked back.

And in the 1980s, Ethiopia was the center of a great famine, known around the world as the very epitome of human suffering. During the current drought, many Ethiopians still need our help. But because of investments Ethiopia made in agriculture, there are 8 million hit by the drought who do not need aid to survive.

Unfortunately, as the world’s attention shifted at the end of the last century, critical investments in agriculture fell.  The work was left unfinished.  Too many nations were left behind. This time, we must keep our focus.

Norman Borlaug, sometimes called the Green Revolution’s founder, once said: “If you desire peace, cultivate justice, but at the same time cultivate the fields to produce more bread; otherwise there will be no peace.” 

Many of you in this room have picked up that mantle and are carrying it forward with distinction. In doing so you are fostering a world that is more just and peaceful, and a nation that is more secure.

Thank you for listening; it is an honor to be here with you today.

The White House

Office of the Press Secretary

Readout of the President’s call with Egyptian Field Marshal Tantawi

President Obama called Egyptian Field Marshal Tantawi today to reaffirm the close partnership between the United States and Egypt and to underscore his full support for Egypt’s transition to democracy. The two leaders agreed that Egypt’s upcoming elections must be free and fair and be held in accordance with democratic standards. The President underscored that the United States supports a strong, peaceful, prosperous and democratic Egypt that responds to the aspirations of its people, and that the outcome of the election is for the Egyptian people to decide. He welcomed Egypt’s willingness to accept international election witnesses and urged that Egypt lift the emergency law and end military trials for civilians. The two leaders also discussed Egypt’s economic situation. The President emphasized his support for full funding by the Congress of the Administration’s request for assistance for Egypt, without conditions, and stressed his commitment to help Egypt secure international assistance to address its economic needs. The President and the Field Marshal also underscored their intention to continue to cooperate closely on counter-terrorism and regional security. They agreed to remain in close touch in the months ahead as Egypt moves forward with its transition to democracy.