But, as we've seen over the last several months, the people in this country are very dissatisfied with the direction that this administration is taking this country. And what we heard last night was absolutely the ignoring of that fact. It was: We're going to continue with this agenda. In fact, we're going to double down on healthcare.

A good place to start is with the kids ... One of the great founding principles of our country was that children would not be punished for the mistakes of their parents. It is time to provide an opportunity for legal residence and citizenship for those who were brought to this country as children and who know no other home.

In a perfect world we would bring corporate tax rates down to 25% or less so we can get competitive in the world economy. Ultimately, I would love to see a flat tax.

Look, we know we screwed up when we were in the majority. We fell in love with power. We spent way too much money - especially on earmarks. There was too much corruption when we ran this place. We were guilty. And that's why we lost.

Again, the American people expect us to do what they are doing. It's tightening the belt, it's learning how to do more with less. That's a reality today, and we've got to do that in order to get the private sector growing.

I mean, the Obama position has been, "We think government ought to be spending this money, not the people who earn it."

We will cut programs, we will try to rein in the size of the bureaucracy. We will bring federal pay scales that have become so exaggerated into line with market rates.