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Sen. Ted Cruz’s Speech at CPAC This Morning (Video)

U.S. Sen. Ted Cruz, R-Texas, spoke today at the Conservative Political Action Conference (CPAC). Watch the video below:

Below are key excerpts.

On elections:

“Let’s look back at the past four elections, 2006, 2008, 2010, and 2012. The only election we won was 2010, when we stood unequivocally for principle….Who are the most two people who have energized young people? Ronald Reagan and Ron Paul. What did they do? They painted a bold picture of what America can do….You win elections by standing for principles and believing that there is a better tomorrow.”

“How do we inspire people? Number one we tell the truth…. The truth is Washington is corrupt. You are in some of the richest counties in the country. As more and more people make great wealth in Washington, young people, single moms, and small business owners suffer…. Real change is changing the corruption that is here in Washington, D.C.”

On young people:

“Under President Obama, the American Dream is harder to achieve…. If you were to sit down and hammer the living daylights out of young people, you couldn’t do better than the Obama Administration. Obamacare is a massive wealth transfer. And who the heck is going to pay for our national debt?”

“We need to stop bankrupting our country. What we’re doing to our kids and grandkids is morally wrong. If we don’t change course, they will be left working to pay off the debts their parents left them with. We are need to turn this around.”

Sen. Cruz outlined a positive agenda that includes an American energy renaissance, repealing Obamacare, expanding school choice, abolishing the IRS, ending corporate welfare, auditing the Federal Reserve, and term limits.