THE PRESIDENT:

Thank you. Thank you very much. Thank you. Please, everybody be seated. Thank you. Thank you, John, for the gracious introduction. To Mike and Eric, thank you for hosting me. Thank you to all of you for receiving me. It is wonderful to be here. I want to also acknowledge Mark Strand, president of the Congressional Institute. To all the family members who are here and who have to put up with us for an elective office each and every day, thank you, because I know that's tough. (Applause.)

I very much am appreciative of not only the tone of your introduction, John, but also the invitation that you extended to me. You know what they say, "Keep your friends close, but visit the Republican Caucus every few months." (Laughter.)

Part of the reason I accepted your invitation to come here was because I wanted to speak with all of you, and not just to all of you. So I'm looking forward to taking your questions and having a real conversation in a few moments. And I hope that the conversation we begin here doesn't end here; that we can continue our dialogue in the days ahead. It's important to me that we do so.

It's important to you, I think, that we do so. But most importantly, it's important to the American people that we do so. I've said this before, but I'm a big believer not just in the value of a loyal opposition, but in its necessity. Having differences of opinion, having a real debate about matters of domestic policy and national security — and that's not something that's only good for our country, it's absolutely essential. It's only through the process of disagreement and debate that bad ideas get tossed out and good ideas get refined and made better. And that kind of vigorous back and forth — that imperfect but well-founded process, messy as it often is — is at the heart of our democracy. That's what makes us the greatest nation in the world.

So, yes, I want you to challenge my ideas, and I guarantee you that after reading this I may challenge a few of yours. (Laughter.) I want you to stand up for your beliefs, and knowing this caucus, I have no doubt that you will. I want us to have a constructive debate. The only thing I don't want — and here I am listening to the American people, and I think they don't want either — is for Washington to continue being so Washington-like. I know folks, when we're in town there, spend a lot of time reading the polls and looking at focus groups and interpreting which party has the upper hand in November and in 2012 and so on and so on and so on. That's their obsession.

And I'm not a pundit. I'm just a President, so take it for what it's worth. But I don't believe that the American people want us to focus on our job security. They want us to focus on their job security. (Applause.) I don't think they want more gridlock. I don't think they want more partisanship. I don't think they want more obstruction. They didn't send us to Washington to fight each other in some sort of political steel-cage match to see who comes out alive. That's not what they want. They sent us to Washington to work together, to get things done, and to solve the problems that they're grappling with every single day.

And I think your constituents would want to know that despite the fact it doesn't get a lot of attention, you and I have actually worked together on a number of occasions. There have been times where we've acted in a bipartisan fashion. And I want to thank you and your Democratic colleagues for reaching across the aisle. There has been, for example, broad support for putting in the troops necessary in Afghanistan to deny al Qaeda safe haven, to break the Taliban's momentum, and to train Afghan security forces. There's been broad support for disrupting, dismantling, and defeating al Qaeda. And I know that we're all united in our admiration of our troops. (Applause.)

So it may be useful for the international audience right now to understand — and certainly for our enemies to have no doubt — whatever divisions and differences may exist in Washington, the United States of America stands as one to defend our country. (Applause.)

It's that same spirit of bipartisanship that made it possible for me to sign a defense contracting reform bill that was cosponsored by Senator McCain and members of Congress here today. We've stood together on behalf of our nation's veterans. Together we passed the largest increase in the VA's budget in more than 30 years and supported essential veterans' health care reforms to provide better access and medical care for those who serve in uniform.

Read the entire transcript at the White House website.