I don't know how you make a record on liberal and conservative these days. We've had a conservative Republican Congress, so to speak, and a conservative president, and we've run up one of the most astounding deficits in the history of our nation.

The steady progress made by North Korea on its nuclear and missile programs is deeply concerning. The US cannot solve this problem alone. However, in order to take steps that could fundamentally affect the North Korean leadership and its decision-making, we need to work even more closely with our allies in the region who feel this threat acutely. I would urge China, in particular, to intensify its leadership role in helping to solve this crisis.

We need a dialogue with the Iranians, and it is going to take both carrots and sticks. We employed very tough economic sanctions, and they are having an effect. But we also have to give the Iranians an idea of what the economic and cooperative possibilities would be if they did give up their quest for a nuclear weapon.

We are in a race between cooperation and catastrophe, and the threat is outrunning our response.

I think if terrorists had nuclear materials and found people to put a bomb together - both of which are possible - we would already have seen a nuclear explosion. But we have literally thousands of people around the world working their tails off and making a lot of sacrifices to contain nuclear materials. I particularly would like to compliment the Russians on this. In times of great economic distress, many of them could have made an awful lot of money if they had sold their expertise.

You have to pay the price. You will find that everything in life exacts a price, and you will have to decide whether the price is worth the prize.

Seventeen years after the Cold War, how can it be in the Unites States' national security interest for the President of Russia to have only a few minutes to decide whether to fire his nuclear weapons or lose them in response to what could be a false warning?