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'We must reduce health costs,' Obama says

President Barack Obama says the nation must make the "hard choices" to reduce the cost of health care and the size of the deficit.

By JULIE PACE, AP White House Correspondent | Updated on January 21, 2013
President Barack Obama kisses his wife Michelle after the ceremonial swearing-in at the U.S. Capitol during the 57th Presidential Inauguration Monday. (AP Photo/Paul Sancya)

WASHINGTON (AP) — Declaring “our journey is not complete,” President Barack Obama took the oath of office for his second term before a crowd of hundreds of thousands Monday, urging the nation to set an unwavering course toward prosperity and freedom for all its citizens and protect the social safety net that has sheltered the poor, elderly and needy.

“Our country cannot succeed when shrinking few do very well and a growing many barely make it,” Obama said in his relatively brief, 18-minute address. “We believe that America’s prosperity must rest upon the broad shoulders of a rising middle class,” he added, echoing his calls from the presidential campaign that catapulted him to re-election.

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