Romney's Address to the Conservative Political Action Committee - February 7, 2008

The attack on our culture is not our sole challenge. We face economic competition unlike anything we have ever known before. China and Asia are emerging from centuries of poverty. Their people are plentiful, innovative, and ambitious. If we do not change course, Asia or China will pass us by as the economic superpower, just as we passed England and France during the last century. The prosperity and security of our children and grandchildren depend on us.
Our prosperity and security also depend on finally acting to become energy secure. Oil producing states like Russia and Venezuela, Saudi Arabia and Iran are siphoning over $400 billion per year from our economy-that's almost what we spend annually for defense. It is past time for us to invest in energy technology, nuclear power, clean coal, liquid coal, renewable sources and energy efficiency. America must never be held hostage by the likes of Putin, Chavez, and Ahmendinejad.

And our economy is also burdened by the inexorable ramping of government spending. Don't focus on the pork alone-even though it is indeed irritating and shameful. Look at the entitlements. `They make up 60% of federal spending today. By the end of the next President's second term, they will total 70%. Any conservative plan for the future has to include entitlement reform that solves the problem, not just acknowledges it.
Most politicians don't seem to understand the connection between our ability to compete and our national wealth, and the wealth of our families. They act as if money just happens--that it's just there. But every dollar represents a good or service produced in the private sector.

Depress the private sector and you depress the well-being of Americans.
That's exactly what happens with high taxes, over-regulation, tort windfalls, mandates, and overfed, over-spending government. Did you see that today, government workers make more money than people who work in the private sector. Can you imagine what happens to an economy where the best opportunities are for bureaucrats?
It's high time to lower taxes, including corporate taxes, to take a weed-whacker to government regulations, to reform entitlements, and to stand up to the increasingly voracious appetite of the unions in our government!

And finally, let's consider the greatest challenge facing America-and facing the entire civilized world: the threat of violent, radical Jihad. In one wing of the world of Islam, there is a conviction that all governments should be destroyed and replaced by a religious caliphate. These Jihadists will battle any form of democracy-to them, democracy is blasphemous for it says that citizens, not God shape the law. They find the idea of human equality to be offensive. They hate everything we believe about freedom just as we hate everything they believe about radical Jihad.

To battle this threat, we have sent the most courageous and brave soldiers in the world. But their numbers have been depleted by the Clinton years when troops were reduced by 500,000, when 80 ships were retired from the Navy, and when our human intelligence was slashed by 25%. We were told that we were getting a peace dividend. We got the dividend, but we didn't get the peace. In the face of evil in radical Jihad and given the inevitable military ambitions of China, we must act to rebuild our military might. Raise military spending to 4% of our GDP, purchase the most modern armament, re-shape our fighting forces for the asymmetric demands we now face, and give the veterans the care they deserve!
Soon, the face of liberalism in America will have a new name. Whether it is Barack or Hillary, the result would be the same if they were to win the Presidency. The opponents of American culture would push the throttle, devising new justifications for judges to depart from the constitution. Economic neophytes would layer heavier and heavier burdens on employers and families, slowing our economy and opening the way for foreign competition to further erode our lead.

Even though we face an uphill fight, I know that many in this room are fully behind my campaign." You are with me all the way to the convention. Fight on, just like Ronald Reagan did in 1976. But there is an important difference from 1976: today... we are a nation at war.
And Barack and Hillary have made their intentions clear regarding Iraq and the war on terror. They would retreat and declare defeat. And the consequence of that would be devastating. It would mean attacks on America, launched from safe havens that make Afghanistan under the Taliban look like child's play. About this, I have no doubt.