As soon as the recovery is well under way, we need to set up a long-term plan to reduce the structural deficit and make sure we are not leaving a mountain of debt for the next generation.

We believe that no matter where you live - whether a village in Punjab or the bylanes of Chandni Chowk, an old section of Kolkata or a new high-rise in Bangalore - every person deserves the same chance to live in security and dignity, to get an education, to find work, and to give their children a better future.

That's why I stand here tonight. Because for two hundred and thirty two years, at each moment when that promise was in jeopardy, ordinary men and women - students and soldiers, farmers and teachers, nurses and janitors - found the courage to keep it alive.

I will not stand by while the special interests use the same old tactics to keep things exactly the way they are ... Not this time. Not now.

America does not presume to know what is best for everyone

There's nobody to guide through the process of becoming a man... to explain to them the meaning of manhood. And that's a recipe for disaster.

We live in a complex world and at a challenging time.