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>> president obama laid out his budget, as a nation we owe more than $12.3 trillion. a lot of that to china and japan. can america keep its global super power substitute us when we're so far in the red? here "minding your business", the managing director for the economic cycle research institute and marcus nafry. this is very interesting, the government will borrow one out of every $3 it spends and many of these funds come from foreign countries. how can america retain its super power substitute us if we're broke? >> well, it can't ultimately. in the short term meaning like the next few years,...

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 ...