I have no illusions that the work ahead will be easy, or that the debates in Congress will be easily resolved. We had to disagree, discuss, and liste… - Ted Kennedy

Now in the 1980's, a moment of history and a sense of hope call your generation to work as great as any that has gone before -- the work of peace. The challenge comes with special warning now because the danger has become so present and so clear. The difference each of you can make, if all of you try, may mean the difference between peace and war, between a just society and a garrison state.

Califano and I both went to the Holy Trinity Church here when our children were small, and part of the service was that, after 9:00 or 10:00 mass, the children would go down for Sunday school, and they would have a discussion there for the grownups. They’d have one of the Jesuits who would come over and lead the discussion, and they were always enormously interesting, very interesting, very gifted, talented lecturers. There were always a couple hundred people who were there with their children, and then, at whatever time, an hour later, you would break up and hook up with your children and drive them home.

We can achieve 350 billion dollars in savings by avoiding these future reductions in the tax rates paid by the wealthiest taxpayers in the highest income brackets, and by maintaining the tax on estates above 4 million dollars. These wealthiest taxpayers will receive less of a tax reduction than they anticipated -- but they will still be receiving billions of dollars in new tax breaks. These future tax cuts for those at the top are not part of the fight against the recession. They are not scheduled to occur until long after the economy emerges from the downturn. In fact, taking fiscally responsible action now will actually help the economy -- by leading to reductions in long-term interest rates that have remained stubbornly high because of the fear that unaffordable tax cuts will lead to growing federal deficits throughout the decade. Reducing that threat will reduce the cost of long-term borrowing for businesses, and provide a stimulus for new job creation now. Future additional tax breaks for the wealthy do not deserve higher priority than strengthening education -- or covering prescription drugs under Medicare -- or protecting Social Security -- or meeting other urgent national priorities.