far right by the american standards and the left president cardoza said it was important for every mehdi to get an education, and he pushed this and you all know that the president saying no child should go hungry. no child should go without vaccinations and succeeded in actually doing a lot about the poverty in that country so much so that it's already reflected in the data. you see the decline and inequality in the relatively short pro time. those who defend this kind of inequality -- and there are, as you know, many, although increasingly few -- those who defend this level of any quality say it's the politics of envy. everybody really benefits and that's an idea called trickle-down economics. you throw enough money to the top and somehow it trickles down, and eventually everybody benefits. i wish it were true because if it is true, given the level of inequality everybody would be in pretty good shape. if you look at the data right now, most americans, and let me repeat, most americans are worse off than they were a decade and a half ago. in other words, incomes adjusted for inflation

because i made an agreement with president bush when he was an obvious that i would submit all of the mehdi said we sent anywhere in the world to the fda and he said if the fda approved them is the effect of an appropriate that on a local contrary could use their money to buy that meta-sin. [applause] and he kept his word. and that was the beginning of this and i'm very, very grateful for that. that means for these drugs are not available with got to do something for people without insurance who can't afford the drugs. [cheers and applause] now, our foundation has partnered with major pharmaceutical, aeneas to make access to affordable hiv medication available faster, in a simpler way on a longer-term basis of people who don't qualify for a bat, but can't afford the drug. here's the idea. we will provide a one-stop shop for uninsured patients to access all of the patient assistance programs available. the group are most simplify the paperwork and cut through red tape. and i want to think the pharmaceuticals that merck who authorities said that to support harbor pat with deeply discounted me

about what it help the atrocity prevention board if it is better intelligence sharing come and steve mehdifor a thoughtful response and i just said i think the obama administration has figured out how to do it and have the national security adviser. >> let's move on to defense spending. michelle, question for you. >> the president an effort to sidestep the sequestration requirements coming in play at the end of this year has proposed a 500 billion-dollar defense cut over a tenure period of time and the question that i ask is based on a congressional budget office study which says if the president got his way it would almost be impossible to get everything he wants in his own defense policy because he wouldn't have the money so where do you get the difference and reconcile them? >> i'm glad you asked that question because there was a lot of confusion on this issue including in governor mitt romney's characterization. so, first of all, the president is not advocating $1 trillion of defense cuts. number one. number two, there are two separate issues. the first is there is a budget control act