America's not just [about] looking out for yourself, it's not just about greed, it's not just about trying to climb to the very top and keep everybody else down. ... Hard work, that's a value. Looking out for one another, that's a value. The idea that we're all in it together and [that] I'm my brother's keeper and [my] sister's keeper, that's a value.

That is our generation’s task - to make these words, these rights, these values of life and liberty and the pursuit of happiness real for every American.

Black children, white children, Latino children. America is becoming more diverse, it's becoming more tolerant as a consequence there's more interactions between groups. There are going be tensions that arise.

And we remember the end of our combat mission and the emergence of a new dawn - the precision of our efforts against al Qaeda in Iraq, the professionalism of the training of Iraqi security forces, and the steady drawdown of our forces. In handing over responsibility to the Iraqis, you preserved the gains of the last four years and made this day possible.

There is a reason why George Washington is always one of the top three presidents, and it's not because of his prowess as a military leader; it's not because of the incredible innovations in policy that he introduced. It's because he knew when it was time to go.

A budget is more than just a series of numbers on a page; it is an embodiment of our values.

When what you’re doing doesn’t work for 50 years, it’s time to try something new.