I think that one of the things that we all agree to is that the touchstone for economic policy is, does it allow the average American to find good employment and see their incomes rise; that we can't just look at things in the aggregate, we do want to grow the pie, but we want to make sure that prosperity is spread across the spectrum of regions and occupations and genders and races; and that economic policy should focus on growing the pie, but it also has to make sure that everybody has got opportunity in that system.
We rarely use much debt and, when we do, we attempt to structure it on a long-term fixed rate basis. We will reject interesting opportunities rather than over-leverage our balance sheet. This conservatism has penalized our results but it is the only behavior that leaves us comfortable, considering our fiduciary obligations to policyholders, depositors, lenders and the many equity holders who have committed unusually large portions of their net worth to our care.
And this is my solemn pledge: I will work to build a single nation of justice and opportunity. I know this is in our reach because we are guided by a power larger than ourselves who creates us equal in His image.
Our opportunities to give of ourselves are indeed limitless, but they are also perishable. There are hearts to gladden. There are kind words to say. There are gifts to be given. There are deeds to be done. There are souls to be saved.
Every single one of you has something you're good at. Every single one of you has something to offer. And you have a responsibility to yourself to discover what that is. That's the opportunity an education can provide.
America can't work for only some people and become a dream for all people. It has to work for everyone. And even though everyone might not end up at the same place, if everyone starts with the same beginning, then that's the dream fulfilled. We all don't have the same abilities, but we should have the same opportunities.
Become aware, awake. Then you will see that everything comes and goes, all things come and pass. Life is a flux. Your consciousness is the only thing that is immovable, that is eternal. To attain it is freedom. To attain it is the goal of life. If you miss it you have missed your life and you have missed a tremendously great gift, a great opportunity.
The role of government has never been to plan every detail or dictate every outcome. At its best, government has simply knocked away barriers to opportunity and laid the foundation for a better future. Our people -- with all their drive and ingenuity -- always end up building the rest. And if we can do that again -- if we can continue building that foundation and making those hard decisions on behalf of the next generation -- I have no doubt that we will leave our children the America that we all hope for.
Is it possible to do something that that makes an audience uncomfortable, challenges them, makes them see things they're not used to? Here in these films [Salome the play and Salomaybe], I have the opportunity to say something about how I feel about things.
The Philippines made a lawful and peaceful effort to resolve their maritime claims with China using the tribunal established under the Law of the Sea Convention (Unclos). The tribunal's ruling delivered a clear and legally binding decision on maritime claims in the South China Sea as they relate to China and the Philippines - and that ruling should be respected. We believe this decision can and should serve as an opportunity to renew efforts to address maritime claims peacefully.
Whatever success I have achieved, whatever positions of leadership I have held have depended less on Ivy League degrees or SAT scores or GPAs and have instead been due to that sense of connection and empathy, the special obligation I felt as a black man like you to help those who need it most, people who didn't have the opportunities that I had because there, but for the grace of God go I. I might have been in their shoes. I might have been in prison. I might have been unemployed. I might not have been able to support a family. And that motivates me.
In this world the one thing supremely worth having is the opportunity to do well and worthily a piece of work of vital consequence to the welfare of mankind.