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The New Deal, in my mind, has become a raw deal for my children.

America has to ask itself not what it wants, but what it can afford.

Generosity has built America. When we fail to invest in children, we have to pay the cost.

As one digs deeper into the national character of the Americans, one sees that they have sought the value of everything in this world only in the answer to this single question: how much money will it bring in?

America is a center right government, center right people. They want government but they don't want it to be excessive. They want it to be affordable. And most importantly what Americans want is to pass on to their next generation their children a country that's better, stronger and more vibrant and more prosperous.

The New Deal exists principally on an emotional plane for Obama. To him, the New Deal is something you play like a song, to make you or your constituents feel better.

All of us aspire to give our children something more, leave a country to our children that is a better one, a stronger one, with better jobs and growth and opportunity.

You know, we have a fiscal train wreck before us. And unless we act, and act deliberately, we're not going to enable our kids to have what we have. It's plain and simple as that.

What the world needs now is more Americans. The U.S. is the first nation on earth deliberately dedicated to letting people choose what they want and giving them a chance to get it.

We want to look at everything we can do that's right and proper under federal law, and with federal laws to see that the children of America are given a chance to grow as strong, constructive, healthy human beings. It's the best investment we can possibly make in America.