President Obama on Saturday laid down his marker in the looming budget battle, saying his upcoming blueprint will reduce the national deficit while stimulating growth among the middle class.

“While it’s not my ideal plan to further reduce the deficit, it’s a compromise I’m willing to accept,” the president said during his weekly address.

“My budget will reduce our deficits — not with aimless, reckless spending cuts that hurt students and seniors and middle-class families – but through the balanced approach that the American people prefer, and the investments that a growing economy demands,” Obama said.