Nobody said democracies supposed to be easy. It's hard. And in a big country like America, it probably should be hard.

Operations in Iraq and Afghanistan and the war on terrorism have reduced the pace of military transformation and have revealed our lack of preparation for defensive and stability operations. This Administration has overextended our military.

In the absence of sound oversight,responsible businesses are forced to compete against unscrupulous and underhanded businesses, who are unencumbered by any restrictions on activities that might harm the environment, or take advantage of middle-class families, or threaten to bring down the entire financial system.

I can make a firm pledge, under my plan, no family making less than $250,000 a year will see any form of tax increase. Not your income tax, not your payroll tax, not your capital gains taxes, not any of your taxes.

It's time to fundamentally change the way that we do business in Washington. To help build a new foundation for the 21st century, we need to reform our government so that it is more efficient, more transparent, and more creative. That will demand new thinking and a new sense of responsibility for every dollar that is spent.

It's useful for activists just to be out there to keep you mindful and not get complacent, even if ultimately you think some of their criticism is misguided.

I use a different style if I'm speaking to a big crowd; I can gin up folks pretty well. But when I'm in these town hall settings, my job is not to throw them a lot of red meat. I want to give them a sense of my thought process.