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Devil's advocate a little bit. no one forced the companies to go over and do business with china. a lot of the ceos, i know many of the financial institutions ceos were cheerleaders for china's autho regime. they woke up and realized their i thinintellectual property was stolen. >> paul: how do you ignore the chinese market? >> there are several large companies that didn't go there. i don't want to let them off the hook. >> paul: you had an arc of reform in china. it stopped. it's gone backwards. so -- >> there's an argument of trade deficit. people that don't understand how these numbers are ...

They've caused huge issues when it relates to our deficit. >> when you look at that side of the equation, when you look at the growth that comes from economic relief from tax reform and the investments that are being made on that front, that's different than just direct spending, spending dollars that we control out of washington, d.c., as opposed to unleashing america's money which is what they have learned to invest in our economy that's going to lead to growth. i disagree on the assessment. i fundamentally think we're going to not have a deficit problem with that. we're going to have a gros...

Issing go to be popular because they are going to see gdp growth in the threes and a tax cut that's $2,000, too. >> gdp growth sometimes moves because the world moves a certain way or oil prices spike or there is a global recession. >> tom bossert was talking about north korea, the terrible hack. >> right. >> for sure, there are exon nows things that happen. >> what happens if we are six or eight years down the road there is a sunset on the individual tax cuts and we are in -- you know, we are in tough times? if those tax cuts continue, that $1.5 trillion, $1 trillion, whatever number want to ...

Reform, but for everybody out there in tv land, they are saying we will cut back on your social security and that's what they are talking about. they are talking about taking something away. that's why we haven't seen it. >> if you listen to the conservatives, that's where the money is. >> absolutely where the money is. they will never address the debt and deficit problem if they don't do it. these seniors would be impacked or believe they would. they tend to vote republicans. why they are going to take a chance i have no idea. i don't think for that reason that anything major will happen. >> ...

For 9 pistons tomorrow. that's not going to happen. as soon as you watch, hearing it now already, you're going to hear republicans say, now that we've increased the debt and deficit that much, oh, we have a deficit problem, and who are they going to cut the deficit? whose back is it on? social security. medicare. nursing homes, families with disabilities. >> you've studied this. it's a red herring. when you go to cut medicaid is, perhaps the biggest program of that sort. you can't -- if you put a work program in or you impose requirements on people it doesn't move the needle all that much. >> ...