Dishonesty is Trump's hallmark: He claimed that he had spoken clearly and boldly against going into Iraq. Wrong, he spoke in favor of invading Iraq. He said he saw thousands of Muslims in New Jersey celebrating 9/11. Wrong, he saw no such thing. He imagined it. His is not the temperament of a stable, thoughtful leader. His imagination must not be married to real power.

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First, we established incentives for those who were uninsured to buy insurance. Using tax penalties, as we did, or tax credits, as others have proposed, encourages "free riders" to take responsibility for themselves rather than pass their medical costs on to others. This doesn't cost the government a single dollar.

For all the conflicting views on this issue, it speaks well of our country that we recognize [abortion] as a problem. The [law] may call it a right, but no one ever called it a good, and, in the quiet of conscience people of both political parties know that more than a million abortions a year cannot be squared with the good heart of America.

In 1964, days before the presidential election which, incidentally, we lost, Ronald Reagan went on national television and challenged America saying that it was a "Time for Choosing." He saw two paths for America, one that embraced conservative principles dedicated to lifting people out of poverty and helping create opportunity for all, and the other, an oppressive government that would lead America down a darker, less free path. I'm no Ronald Reagan and this is a different moment but I believe with all my heart and soul that we face another time for choosing, one that will have profound consequences for the Republican Party and more importantly, for the country.

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Jorge Ramos: You just released your tax returns. In 2010 you only paid 13% of taxes while most Americans paid much more than that. Is that fair?
Mitt Romney Well, actually, I released two years of taxes and I think the average is almost 15%. And then also, on top of that, I gave another more 15% to charity. When you add it together with all of the taxes and the charity, particularly in the last year, I think it reaches almost 40% that I gave back to the community. One of the reasons why we have a lower tax rate on capital gains is because capital gains are also being taxed at the corporate level. So as businesses earn profits, that's taxed at 35%, then as they distribute those profits as dividends, that's taxed at 15% more. So, all total, the tax rate is really closer to 45 or 50%.
Jorge Ramos: But is it fair what you pay, 13%, while most pay much more than that?
Mitt Romney Well, again, I go back to the point that the, that the funds are being taxed twice at two different levels.

[A way] one could repair Social Security . . . [would be to] gradually increase the retirement age. This does have a certain logic to it: the average American's life expectancy has risen by more than ten years since Social Security was created. Increasing the retirement age by even one or two years would help get the system closer to sustainability.

I support a great deal of what the President has done. I have voted with him 80% of the time. But my promise before God to apply impartial justice required that I put my personal feelings and biases aside. Were I to ignore the evidence that has been presented, and disregard what I believe my oath and the Constitution demands of me for the sake of a partisan end, it would, I fear, expose my character to history’s rebuke and the censure of my own conscience. I am aware that there are people in my party and in my state who will strenuously disapprove of my decision, and in some quarters, I will be vehemently denounced. I am sure to hear abuse from the President and his supporters. Does anyone seriously believe I would consent to these consequences other than from an inescapable conviction that my oath before God demanded it of me?

I believe the family is the foundation of America -- and that we must fight to protect and strengthen it. I believe in the sanctity of human life. I believe that people and their elected representatives should make our laws, not unelected judges.

John King: FEMA is about to run out of money, and there are some people who say do it on a case-by-case basis and some people who say, you know, maybe we're learning a lesson here that the states should take on more of this role. How do you deal with something like that?
Mitt Romney: Absolutely. Every time you have an occasion to take something from the federal government and send it back to the states, that's the right direction. And if you can go even further and send it back to the private sector, that's even better. Instead of thinking in the federal budget, what we should cut — we should ask ourselves the opposite question. What should we keep? We should take all of what we're doing at the federal level and say, what are the things we're doing that we don’t have to do? And those things we've got to stop doing, because we're borrowing $1.6 trillion more this year than we're taking in. We cannot —
John King: Including disaster relief, though?
Mitt Romney: We cannot — we cannot afford to do those things without jeopardizing the future for our kids. It is simply immoral, in my view, for us to continue to rack up larger and larger debts and pass them on to our kids, knowing full well that we'll all be dead and gone before it's paid off. It makes no sense at all.