Bill Clinton: “Thank you. Thank you very much. Mr. Chairman, Mr. Vice President, my fellow Democrats, and my fellow Americans, thank…”

“Thank you. Thank you very much. Mr. Chairman, Mr. Vice President, my fellow Democrats, and my fellow Americans, thank you for your nomination. I don't know if I can find a fancy way to say this, but I accept. [Applause] Thank you. So many have contributed to the record we have made for the American people, but one above all, my partner, my friend, and the best Vice President in our history, Al Gore. Tonight I thank the city of Chicago, its great mayor, and its wonderful people for this magnificent convention. I love Chicago for many reasons, for your powerful spirit, your sports teams, your lively politics, but most of all for the love and light of my life, Chicago's daughter, Hillary. Four years ago, you and I set forth on a journey to bring our vision to our country, to keep the American dream alive for all who were willing to work for it, to make our American community stronger, to keep America the world's strongest force for peace and freedom and prosperity. Four years ago, with high unemployment, stagnant wages, crime, welfare, and the deficit on the rise, with a host of unmet challenges and a rising tide of cynicism, I told you about a place I was born, and I told you that I still believed in a place called Hope. Well, for 4 years now, to realize our vision we have pursued a simple but profound strategy: opportunity for all, responsibility from all, a strong united American community. Four days ago, as you were making your way here, I began a train ride to make my way to Chicago through America's heartland. I wanted to see the faces, I wanted to hear the voices of the people for whom I have worked and fought these last 4 years. And did I ever see them. I met an ingenious business woman who was once on welfare in West Virginia; a brave police officer, shot and paralyzed, now a civic leader in Kentucky; an autoworker in Ohio, once unemployed, now proud to be working in the oldest auto plant in America to help make America number one in auto production again for the first time in 20 years. I met a grandmother fighting for her grandson's environment in Michigan. And I stood with two wonderful little children proudly reading from their favorite book, ``The Little Engine That Could.'' At every stop, large and exuberant crowds greeted me. And maybe more important, when we just rolled through little towns, there were always schoolchildren there waving their American flags, all of them believing in America and its future. I would not have missed that trip for all the world, for that trip showed me that hope is back in America. We are on the right track to the 21st century. [Applause] Thank you. Look at the facts. Just look at the facts: 4.4 million Americans now living in a home of their own for the first time; hundreds of thousands of women have started their own new businesses; more minorities own businesses than ever before; record numbers of new small businesses and exports. Look at what's happened. We have the lowest combined rates of unemployment, inflation, and home mortgages in 28 years. Look at what happened: 10 million new jobs, over half of them high-wage jobs; 10 million workers getting the raise they deserve with the minimum wage law; 25 million people now having protection in their health insurance because the Kennedy-Kassebaum bill says you can't lose your insurance anymore when you change jobs, even if somebody in your family has been sick; 40 million Americans with more pension security; a tax cut for 15 million of our hardest working, hardest pressed Americans, and all small businesses; 12 million Americans--12 million of them--taking advantage of the family and medical leave law so they can be good parents and good workers. Ten million students have saved money on their college loans. We are making our democracy work. We have also passed political reform, the line item veto, the motor voter bill, tougher registration laws for lobbyists, making Congress live under the laws they impose on the private sector, stopping unfunded mandates to State and local government. We've come a long way; we've got one more thing to do. Will you help me get campaign finance reform in the next 4 years? [Applause] Thank you. We have increased our investments in research and technology. We have increased investments in breast cancer research dramatically. We are developing a supercomputer--a supercomputer that will do more calculating in a second than a person with a hand-held calculator can do in 30,000 years. More rapid development of drugs to deal with HIV and AIDS and moving them to the market quicker have almost doubled life expectancy in only 4 years. And we are looking at no limit in sight to that. We'll keep going until normal life is returned to people who deal with this. Our country is still the strongest force for peace and freedom on Earth. On issues that once before tore us apart, we have changed the old politics of Washington. For too long, leaders in Washington asked who's to blame. But we asked, what are we going to do? On crime, we're putting 100,000 police on the streets. We made ``three strikes and you're out'' the law of the land. We stopped 60,000 felons, fugitives, and stalkers from getting handguns under the Brady bill. We banned assault rifles. We supported tougher punishment and prevention programs to keep our children from drugs and gangs and violence. Four years now--for four years now--the crime rate in America has gone down. On welfare, we worked with States to launch a quiet revolution. Today there are 1.8 million fewer people on welfare than there were the day I took the oath of office. We are moving people from welfare to work. We have increased child support collections by 40 percent. The Federal work force is the smallest it has been since John Kennedy. And the deficit has come down for 4 years in a row for the first time since before the Civil War, down 60 percent on the way to zero. We will do it. We are on the right track to the 21st century. We are on the right track, but our work is not finished. What should we do? First, let us consider how to proceed. Again I say, the question is no longer who's to blame but what to do. I believe that Bob Dole and Jack Kemp and Ross Perot love our country, and they have worked hard to serve it. It is legitimate, even necessary, to compare our record with theirs, our proposals for the future with theirs. And I expect them to make a vigorous effort to do the same. But I will not attack. I will not attack them personally or permit others to do it in this party if I can prevent it. [Applause] Thank you. My fellow Americans, this must be--this must be--a campaign of ideas, not a campaign of insults. The American people deserve it. Now, here's the main idea. I love and revere the rich and proud history of America, and I am determined to take our best traditions into the future. But with all respect, we do not need to build a bridge to the past; we need to build a bridge to the future. And that is what I commit to you to do. So tonight, tonight let us resolve to build that bridge to the 21st century, to meet our challenges and protect our values. Let us build a bridge to help our parents raise their children, to help young people and adults to get the education and training they need, to make our streets safer, to help Americans succeed at home and at work, to break the cycle of poverty and dependence, to protect our environment for generations to come, and to maintain our world leadership for peace and freedom. Let us resolve to build that bridge. Tonight, my fellow Americans, I ask all of our fellow citizens to join me and to join you in building that bridge to the 21st century. Four years from now, just 4 years from now--think of it--we begin a new century, full of enormous possibilities. We have to give the American people the tools they need to make the most of their God-given potential. We must make the basic bargain of opportunity and responsibility available to all Americans, not just a few. That is the promise of the Democratic Party. That is the promise of America. I want to build a bridge to the 21st century in which we expand opportunity through education, where computers are as much a part of the classroom as blackboards, where highly trained teachers demand peak performance from our students, where every 8-year-old can point to a book and say, ``I can read it myself.'' By the year 2000, the single most critical thing we can do is to give every single American who wants it the chance to go to college. We must make 2 years of college just as universal in 4 years as a high school education is today. And we can do it. We can do it, and we should cut taxes to do it. I propose a $1,500-a-year tuition tax credit for Americans, a HOPE scholarship for the first 2 years of college to make the typical community college education available to every American. I believe every working family ought also to be able to deduct up to $10,000 in college tuition costs per year for education after that. I believe the families of this country ought to be able to save money for college in a tax-free IRA, save it year-in and year-out, withdraw it for college education without penalty. We should not tax middle income Americans for the money they spend on college. We'll get the money back down the road many times over. I want to say here, before I go further, that these tax cuts and every other one I mention tonight are all fully paid for in my balanced budget plan, line by line, dime by dime, and they focus on education. Now, one thing so many of our fellow Americans are learning is that education no longer stops on graduation day. I have proposed a new ``GI bill'' for American workers, a $2,600 grant for unemployed and underemployed Americans so that they can get the training and the skills they need to go back to work at better paying jobs, good high-skilled jobs for a good future. But we must demand excellence at every level of education. We must insist that our students learn the old basics we learned and the new basics they have to know for the next century. Tonight let us set a clear national goal: All children should be able to read on their own by the third grade. When 40 percent of our 8-year-olds cannot read as well as they should, we have to do something. I want to send 30,000 reading specialists and national service corps members to mobilize a volunteer army of one million reading tutors for third graders all across America. They will teach our young children to read. Let me say to our parents: You have to lead the way. Every tired night you spend reading a book to your child will be worth it many times over. I know that Hillary and I still talk about the books we read to Chelsea when we were so tired we could hardly stay awake. We still remember them, and more important, so does she. But we're going to help the parents of this country make every child able to read for himself or herself by the age of 8, by the third grade. Do you believe we can do that? Will you help us do that? [Applause] Thank you. We must give parents, all parents, the right to choose which public school their children will attend and to let teachers form new charter schools with a charter they can keep only if they do a good job. We must keep our schools open late so that young people have someplace to go and something to say yes to and stay off the street. We must require that our students pass tough tests to keep moving up in school. A diploma has to mean something when they get out. We should reward teachers that are doing a good job, remove those who don't measure up, but in every case, never forget that none of us would be here tonight if it weren't for our teachers. I know I wouldn't. We ought to lift them up, not tear them down. We need schools that will take our children into the next century. We need schools that are rebuilt and modernized with an unprecedented commitment from the National Government to increase school construction and with every single library and classroom in America connected to the information superhighway by the year 2000. Now, folks, if we do these things, every 8-year-old will be able to read, every 12-year-old will be able to log in on the Internet, every 18-year-old will be able to go to college, and all Americans will have the knowledge they need to cross that bridge to the 21st century. I want to build a bridge to the 21st century in which we create a strong and growing economy to preserve the legacy of opportunity for the next generation, by balancing our budget in a way that protects our values and ensuring that every family will be able to own and protect the value of their most important asset, their home. Tonight let us proclaim to the American people, we will balance the budget. And let us also proclaim, we will do it in a way that preserves Medicare, Medicaid, education, the environment, the integrity of our pensions, the strength of our people. Now, last year when the Republican Congress sent me a budget that violated those values and principles, I vetoed it. And I would do it again tomorrow. I could never allow cuts that devastate education for our children, that pollute our environment, that end the guarantee of health care for those who are served under Medicaid, that end our duty or violate our duty to our parents through Medicare. I just couldn't do that. As long as I'm President, I'll never let it happen. And it doesn't matter if they try again, as they did before, to use the blackmail threat of a shutdown of the Federal Government to force these things on the American people. We didn't let it happen before. We won't let it happen again. Of course, there is a better answer to this dilemma. We could have the right kind of balanced budget with a new Congress, a Democratic Congress. I want to balance the budget with real cuts in Government, in waste. I want a plan that invests in education, as mine does, in technology, and yes, in research, as Christopher Reeve so powerfully reminded us we must do. And my plan gives Americans tax cuts that will help our economy to grow. I want to expand IRA's so that young people can save tax-free to buy a first home. Tonight I propose a new tax cut for homeownership that says to every middle income working family in this country, if you sell your home, you will not have to pay a capital gains tax on it ever, not ever. I want every American to be able to hear those beautiful words, ``Welcome home.'' Let me say again, every tax cut I call for tonight is targeted, it's responsible, and it is paid for within my balanced budget plan. My tax cuts will not undermine our economy, they will speed economic growth. We should cut taxes for the family sending a child to college, for the worker returning to college, for the family saving to buy a home or for long-term health care, and a $500-per-child credit for middle income families raising their children who need help with child care and what the children will do after school. That is the right way to cut taxes: pro-family, pro-education, pro-economic growth. Now, our opponents have put forward a very different plan, a risky $550 billion tax scheme that will force them to ask for even bigger cuts in Medicare, Medicaid, education, and the environment than they passed and I vetoed last year. But even then they will not cover the costs of their scheme, so that even then this plan will explode the deficit, which will increase interest rates by 2 percent, according to their own estimates last year. It will require huge cuts in the very investments we need to grow and to grow together and, at the same time, slow down the economy. You know what higher interest rates mean? To you it means a higher mortgage payment, a higher car payment, a higher credit card payment. To our economy it means business people will not borrow as much money, invest as much money, create as many new jobs, create as much wealth, raise as many wages. Do we really want to make that same mistake all over again? Audience members. No-o-o!”