No party has a monopoly on wisdom. No democracy works without compromise. But when Governor Romney and his allies in Congress tell us we can somehow lower our deficit by spending trillions more on new tax breaks for the wealthy - well you do the math. I refuse to go along with that. And as long as I'm President I never will.

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When the United States was founded the very idea of a nation premised on democratic principles of freedom and tolerance was viewed by the vast majority of the world as an experiment doomed to fail. Dictatorships monarchies and theocracies had for many centuries ruled the world.