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In a speech given by Ivan Seidenberg, Chairman of the Business Roundtable and Chairman & CEO of Verizon Communications, Mr. Seidenberg cites IPI research on economic growth. This is the transcript of that speech as delivered.

Most governments at the time of the Constitutional Convention were unitary governments, in which power was centralized. The U.S., by contrast, adopted a system of confederal power, balancing power between two complementary but separate strands—one horizontal and one vertical. Our country is at a crossroads. A recent poll found that four out of five Americans don’t trust Washington. Americans are ready for change—real change that gives them, not Washington, greater control over their own lives.