A word to Sen. Obama and his supporters. We'll go at it -- we'll go at it over the next two months -- you know that's the nature of this business -- … - John McCain

Why is it we cannot reform medical malpractice? Let's have tax reforms. Let's have incentives to purchase insurance either in the form of tax credits for families in America or--or--why don't we give the same tax treatment to families that businesses get in the provision of health insurance? Why don't we have real competition in any State? Why don't we set up the risk pools that are necessary to ensure those who were previously uninsurable or for those with "preexisting conditions"? Let's set up those risk pools. Yes, that will take some taxpayer dollars. Why don't we allow the insurance companies to compete so they can provide insurance, so we can provide affordable and available health care to all Americans? Why don't we look at cost reductions? Why don't we look at incentives for wellness and fitness? One of the most famous corporations in America recently is Safeway. We have heard from their CEO. They reward people financially for wellness and fitness. And--guess what--their costs for health care have gone down because there are incentives to do so.

I met with Prime Minister al-Abadi in Iraq. He is a good man. He knows he needs this help, but because of the dominating influence of Iran and Shia militias in Iraq, he turned it down anyway. General McFarland, one of the greatest generals I have met--he is up there in the category of David Petraeus--is leading the fight against ISIL. He reacted with a very interesting comment. He said: "This is a very complex environment. It is kind of hard to inflict support on somebody." What General McFarland is saying is that because of the Iranian dominant influence, the Iraqis, as a body, are reluctant to accept the help they need to retake the second largest city in Iraq. The second largest city in Iraq, Mosul, is under ISIS control, and he knows full well that Apache helicopters and Special Operations forces could help him do that. But who is telling him not to? The Iranians. When I was there, we met with the Prime Minister of Iraq, Mr. al-Abadi, and he said: If you Americans come and you lose one pilot or one plane, you will leave. That was the opinion of the Prime Minister of Iraq, and one of the reasons--along with the Iranian influence--is because there is no trust or confidence of the United States in Iraq or in the region.

This is a far-reaching piece of legislation, but there is one challenge it could not address: the dangerous mismatch between growing worldwide threats and arbitrary limits on defense spending that are in current law. This mismatch has very real consequences for the thousands of Americans who serve in uniform and sacrifice on our behalf all around the Nation and the world. Our troops are doing everything we ask of them, but we must ask ourselves: Are we doing everything we can for them? The answer, I say with profound sadness, is we are not. Since 2011 the Budget Control Act has imposed arbitrary caps on defense spending. Over the last 5 years, as our military has struggled under the threat of sequestration, the world has only grown more complex and far more dangerous. Since 2011 we have seen Russian forces invade Ukraine, the emergence of the so-called Islamic State and its global campaign of terrorism, increased attempts by Iran to destabilize U.S. allies and partners in the Middle East, growing assertive behavior by China and the militarization of the South China Sea, numerous cyber attacks on U.S. industry and government agencies, and further testing by North Korea of nuclear technology and other advanced military capabilities. Indeed, the Director of National Intelligence, James Clapper, testified in February that over the course of his distinguished five-decade career, he could not recall "a more diverse array of challenges and crises" than our Nation confronts today.