The Note: Catoctin Cacophony

Taking a page from the American Prospect's Michael Tomasky, the theme of the conference is the need to develop policies for the "common good."

Monday's keynote event is a 12:45 pm ET luncheon address with Sen. Harry Reid (D-NV) and actor Robert Redford on the need for energy independence.

No fewer than four potential Democratic presidential hopefuls including Sen. Hillary Clinton (D-NY), John Kerry (D-MA), Gov. Tom Vilsack (D-IA), and Sen. Russ Feingold plan to address the conference.

Sen. John McCain (R-AZ) addresses a meeting of The Economic Club of New York at 12:15 pm ET where he is expected to talk about the inextricable link between national security and economic security. According to an excerpt obtained by The Note, McCain is also expected to address entitlement spending.

"A tsunami of entitlement spending is threatening our economy, while providing no real security to retirees. We have made promises that we cannot keep. Under moderately optimistic scenarios Social Security, Medicare and Medicaid will in the decades to come grow as large as the entire government is today. Someday the government will be forced to make drastic cuts in these programs, or crippling increases in taxes on workers -- or both. The longer we wait to make the hard choices necessary to repair these programs, the harder the problem becomes. My children and their children will not receive the benefits we will enjoy. That is an inescapable fact, and any politician who tells you otherwise, Democrat or Republican, is lying," McCain is expected to say according to prepared remarks.

Among those said to have had significant input into the remarks: former Texas Senator Phil Gramm and FOG and Golden Stater Gerald Parsky.

Later this evening, the Arizonan is expected to raise more than $1 million at a "Top of the Rock" fundraiser for his Straight Talk America PAC.

Gov. Mitt Romney (R-MA) is in Utah for Commonwealth PAC fundraising.

Sen. Clinton attends the ribbon cutting ceremony and tours the new VH-71 presidential helicopter integration facility at Lockheed Martin systems integration in Owego, NY at 10:00 am ET. Meanwhile, her husband is in Orlando, FL to speak at a Florida Democratic Party reception in Orlando, FL. At 7:00 pm ET, he participates in the National Association of Broadcasters Service to America Gala at the Ritz Carlton in Washington, DC.

The Senate will reconvene at 2:00 pm ET for an hour of morning business. At 3:00 pm ET the chamber will begin consideration of the fiscal 2007 defense authorization bill (S 2766). No roll call votes are expected. ABC News' Z. Byron Wolf reports that Sen. Kerry might try to attach an amendment that would require US troops pull out of Iraq by the end of this year.

The House will reconvene at 2:00 pm ET to consider the conference report on the fiscal 2006 supplemental appropriations bill (HR 4939) as well as several measures under suspension of the rules. Votes will be at 6:30 pm ET.

Gov. Mark Sanford (R-SC) embarks on a pre-primary fly-around with his wife and their four boys to push his message of "fiscal responsibility and the need for continuing to improve [South Carolina's] business climate."

Fed Chair Ben Bernanke delivers a speech on bank supervision at Georgetown University in Washington, DC at 7:30 pm ET.

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