The president spoke with Major Garrett of Fox News:
And I always think that Abraham Lincoln described this best. And I'm paraphrasing a little bit here. But he basically said, look, I think anything that the individual can do well by him- or herself, he should do by him- or herself; then those things that we do better collectively, we should do together.
The actual text of the Lincoln quotation is:
The legitimate object of government, is to do for a community of people, whatever they need to have done, but can not do, at all, or can not, so well do, for themselves -- in their separate, and individual capacities. In all that the people can individually do as well for themselves, goverment ought not to interfere.