I thought maybe I’d start off initially with my association with the health issue and also the family’s association with the health issue and why it … - Ted Kennedy

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.

If you believe that prosperity is a challenge to do better -- that we have to seize this extraordinary moment to make progress in providing decent, quality health care that all Americans can afford -- If you believe that we must provide access to health care for all our children -- that we must provide access to prescription drugs for all our seniors -- that we must assure for all our citizens that medical decisions be made by doctors and nurses and not by HMOs that put profits ahead of patients' health-- Then this is your convention. This is your cause. And I ask you to dedicate yourself to elect Al Gore as the next President and of the United States. There have been only three times in my life that I have supported candidates for President as early and as enthusiastically as I have supported Al Gore. Two of them were my brothers.

The basic point where it broke down was—He used the technique of saying that he had announced principles and that would be their commitment, and then he’d move on from there. But you have to announce as part of the principles whether you were going to have one bill or several bills, and he would not make it clear that it was going to be one bill, and he wouldn’t make it clear that, even if it was going to be one bill—We talked about, well, then it’s going to have to take the Congress to unwrap it. He wouldn’t go that far. We gave him that kind of alternative to preserve it, but he wouldn’t go there. He would only say, “We’ll get one bill and if we meet the economic points test further on down, then we’ll submit it so that it can have a second phase, and a third phase, and a fourth phase.” And that was the break. That was just completely unacceptable, in spite of the fact that we had a lot of conversation about how to do it and when to do it.