Yes, deficits are a problem. I've been saying so for more than a quarter of a century now. But the problem is not the size of the deficit, it's the size of government's claim on our economy.

Admittedly, there is a risk in any course we follow other than this, but every lesson in history tells us that the greater risk lies in appeasement, and this is the specter our well-meaning liberal friends refuse to face.

Government is not a solution to our problem, government is the problem. ... Government does not solve problems; it subsidizes them. Government's view of the economy could be summed up in a few short phrases: If it moves, tax it. If it keeps moving, regulate it. If it stops moving, subsidize it. ... The problem is not that people are taxed too little, the problem is that government spends too much.

An America that is militarily and economically strong is not enough. The world must see an America that is morally strong with a creed and a vision. This is what has led us to dare and achieve. For us, values count.

There is purpose and worth to each and every life.

America has not been a story or a byword. That small community of Pilgrims prospered and, driven by the dreams and, yes, by the ideas of the Founding Fathers, went on to become a beacon to all the oppressed and poor of the world.

I am not a scientist.