Deficit Borrowing News Today : Breaking News, Live Updates & Top Stories | Vimarsana

>> dana: let's move on to tax reform. you gave the democratic address over the weekend talking about how you want to have some sort of tax reform but you don't think you can support the republican bill as it is coming out. we don't have details yet. but, sir, if the republicans do include a high rate of tax on the nation's highest earners, do you think then you might be able to support it or other democrats, too? >> let me just tell you what i think it needs to include for to it be acceptable. >> dana: okay. >> first, we don't want to drive a hole in the deficit. we don't want to continue to d...

If you stay on these paths, right, where we're continuing to do a lot of deficit borrowing and mounting deficits and at the same time countries are living more within their means. there's going to be a time when these two paths are going to across and the u.s. will have a declining influence as a result of it. >> marcus, you talked about the historical context of this, the last super power being britain which owed america a lot of money and eventually what happened they succeeded britain as the most powerful nation. can china dot same with us? >> absolutely. it's almost inevitable. in america ...