I speak out of a deep sense of urgency about the anguish and anxiety I have seen across America. I speak out of a deep belief in the ideals of the De… - Ted Kennedy

Thank you, Caroline. I love you and thank you for all that you mean to me, to our entire family, and to millions of Americans everywhere. I see in you the poise and the strength of purpose that belonged to your father -- and the dignity and grace of your mother that inspired a nation. I remember election night in November of 1960. The results were so close that my brother went to bed still not certain that he had won. It was nearly dawn when victory finally became clear. And here is how Jack learned about it -- from three-year-old Caroline, who woke him up by jumping on his bed and shouting, "Good morning, Mr. President." It was the first time he ever heard those words from anyone. How proud he would be of Caroline this evening -- and of the magnificent woman she has become. How proud he would be of Al Gore and our party and the new barrier of bigotry we are breaking down with the choice of Joe Lieberman as the next Vice President of the United States.

I've heard the critics complain about the costs of change. I'm confident that at the end of the process, the change will be paid for—fairly, responsibly, and without adding to the federal deficit. It doesn't make sense to negotiate in the pages of NEWSWEEK, but I will say that I'm open to many options, including a surtax on the wealthy, as long as it meets the principle laid down by President Obama: that there will be no tax increases on anyone making less than $250,000 a year. What I haven't heard the critics discuss is the cost of inaction. If we don't reform the system, if we leave things as they are, health-care inflation will cost far more over the next decade than health-care reform. We will pay far more for far less—with millions more Americans uninsured or underinsured.

Dr. Rice also minimized the enormous challenge we face in training a competent Iraqi security force. She insisted 120,000 Iraqis now have been trained, when the quality of training for the vast majority of them is obviously very much in doubt. There was no reason to go to war in Iraq when we did, the way we did, and for the false reasons we were given. As a principal architect of our failed policy, Dr. Rice is the wrong choice for Secretary of State. We need, instead, a Secretary who is open to a clearer vision and a better strategy to stabilize Iraq, to work with the international community, to bring our troops home with dignity and honor, and to restore our lost respect in the world. The stakes are very high and the challenge is vast. Dr. Rice's failed record on Iraq makes her unqualified for promotion to Secretary of State and I urge the Senate to oppose her nomination. I yield the floor.