And so our goal on health care is, if we can get, instead of health care costs going up 6 percent a year, it's going up at the level of inflation, maybe just slightly above inflation, we've made huge progress. And by the way, that is the single most important thing we could do in terms of reducing our deficit. That's why we did it.

But if you - if what - the reports are true, what they're saying is, is that as a consequence of us getting 30 million additional people health care, at the margins that's going to increase our costs, we knew that.

I know that there are millions of Americans who are content with their health care coverage - they like their plan and, most importantly, they value their relationship with their doctor.

And that means that no matter how we reform health care, we will keep this promise to the American people: If you like your doctor, you will be able to keep your doctor, period. If you like your health care plan, you'll be able to keep your health care plan, period. No one will take it away, no matter what.

I want to be very clear: I will not sign on to any health plan that adds to our deficits over the next decade.

We've persevered because of a belief we share with the Iraqi people - a belief that out of the ashes of war, a new beginning could be born in this cradle of civilization. Through this remarkable chapter in the history of the United States and Iraq, we have met our responsibility. Now, it's time to turn the page.

I want to reform the tax code so that it's simple, fair, and asks the wealthiest households to pay higher taxes on incomes over $250,000 - the same rate we had when Bill Clinton was president; the same rate we had when our economy created nearly 23 million new jobs, the biggest surplus in history, and a lot of millionaires to boot.

I would put our legislative and foreign policy accomplishments in our first two years against any president - with the possible exceptions of Johnson, FDR, and Lincoln - just in terms of what we've gotten done in modern history. But, you know, but when it comes to the economy, we've got a lot more work to do. And we're gonna keep on at it.

When states like Alabama and Arizona passed some of the harshest immigration laws in history, my Attorney General took them on in court and we won.

First, how do we give everyone a fair shot at opportunity and security in this new economy? Second, how do we make technology work for us, and not against us - especially when it comes to solving urgent challenges like climate change? Third, how do we keep America safe and lead the world without becoming its policeman?

Where the stakes are the highest, in the war on terror, we cannot possibly succeed without extraordinary international cooperation. Effective international police actions require the highest degree of intelligence sharing, planning and collaborative enforcement.

Change will not come if we wait for some other person or some other time. We are the ones we've been waiting for. We are the change that we seek.

We need to internalize this idea of excellence. Not many folks spend a lot of time trying to be excellent.

We all knew this. We all knew that it would take more time than any of us want to dig ourselves out of this hole created by this economic crisis.

In a world of complex threats, our security and leadership depends on all elements of our power - including strong and principled diplomacy.

We also can't try to take over and rebuild every country that falls into crisis. That's not leadership; that's a recipe for quagmire, spilling American blood and treasure that ultimately weakens us. It's the lesson of Vietnam, of Iraq - and we should have learned it by now.

We can't drive our SUVs and eat as much as we want and keep our homes on 72 degrees at all times... and then just expect that other countries are going to say OK. That's not leadership. That's not going to happen.

Our brand of democracy is hard. But I can promise that a year from now, when I no longer hold this office, I'll be right there with you as a citizen - inspired by those voices of fairness and vision, of grit and good humor and kindness that have helped America travel so far.

Fifty years of isolating Cuba had failed to promote democracy, setting us back in Latin America. That's why we restored diplomatic relations, opened the door to travel and commerce, and positioned ourselves to improve the lives of the Cuban people.

As president, I'm committed to making Washington work better and rebuilding the trust of the people who sent us here.

I believe marriage is between a man and a woman. I am not in favor of gay marriage. But when you start playing around with constitutions, just to prohibit somebody who cares about another person, it just seems to me that's not what America's about. Usually, our constitutions expand liberties, they don't contract them.

I opposed the Defense of Marriage Act in 1996. It should be repealed and I will vote for its repeal on the Senate floor. I will also oppose any proposal to amend the U.S. Constitution to ban gays and lesbians from marrying.

I don't think marriage is a civil right, but I think that being able to transfer property is a civil right.

I think there are a whole host of things that are civil rights, and then there are other things - such as traditional marriage - that, I think, express a community's concern and regard for a particular institution.

What I believe is that marriage is between a man and a woman, but what I also believe is that we have an obligation to make sure that gays and lesbians have the rights of citizenship that afford them visitations to hospitals, that allow them to be, to transfer property between partners, to make certain that they're not discriminated on the job.

No party has a monopoly on wisdom. No democracy works without compromise. But when Governor Romney and his allies in Congress tell us we can somehow lower our deficit by spending trillions more on new tax breaks for the wealthy - well, you do the math. I refuse to go along with that. And as long as I'm President, I never will.

I know that campaigns can seem small, and even silly. Trivial things become big distractions. Serious issues become sound bites. And the truth gets buried under an avalanche of money and advertising. If you're sick of hearing me approve this message, believe me - so am I.

I mean, I do think at a certain point you've made enough money.

We need earmark reform, and when I'm President, I will go line by line to make sure that we are not spending money unwisely.

We need somebody who's got the heart, the empathy, to recognize what it's like to be a young teenage mom, the empathy to understand what it's like to be poor or African-American or gay or disabled or old - and that's the criterion by which I'll be selecting my judges.

A good compromise, a good piece of legislation, is like a good sentence; or a good piece of music. Everybody can recognize it. They say, 'Huh. It works. It makes sense.'

When we think of the major threats to our national security, the first to come to mind are nuclear proliferation, rogue states and global terrorism. But another kind of threat lurks beyond our shores, one from nature, not humans - an avian flu pandemic.

In the end, that's what this election is about. Do we participate in a politics of cynicism or a politics of hope?

We're not a fragile people. We're not a frightful people. Our power doesn't come from some self-declared savior promising that he alone can restore order as long as we do things his way. We don't look to be ruled.

What makes us Americans is our shared commitment to an ideal - that all of us are created equal, and all of us have the chance to make of our lives what we will.

Take off your bedroom slippers. Put on your marching shoes,' he said, his voice rising as applause and cheers mounted. 'Shake it off. Stop complainin'. Stop grumblin'. Stop cryin'. We are going to press on. We have work to do.

The thing about hip-hop today is it's smart, it's insightful. The way they can communicate a complex message in a very short space is remarkable.

You know, my faith is one that admits some doubt.

What I think is fair to say is that, coming out of the Republican camp, there have been efforts to suggest that perhaps I'm not who I say I am when it comes to my faith - something which I find deeply offensive, and that has been going on for a pretty long time.

After a century of trying, we declared that healthcare in America is not a privilege for a few, it is a right for everybody. After decades of talk, we finally began to wean ourselves off foreign oil. We doubled our production of clean energy. We brought more of our troops home to their families, and we delivered justice to Osama bin Laden.

Are we a nation that educates the world's best and brightest in our universities, only to send them home to create businesses in countries that compete against us? Or are we a nation that encourages them to stay and create jobs, businesses, and industries right here in America?

So long as I'm Commander-in-Chief, we will sustain the strongest military the world has ever known. When you take off the uniform, we will serve you as well as you've served us - because no one who fights for this country should have to fight for a job, or a roof over their head, or the care that they need when they come home.

Focusing your life solely on making a buck shows a certain poverty of ambition. It asks too little of yourself. Because it's only when you hitch your wagon to something larger than yourself that you realize your true potential.

Food Stamp recipients didn't cause the financial crisis; recklessness on Wall Street did.