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[indiscernible chatter] [applause] this event is wrapping up with president ial candidate Bernie Sanders. The democratic primary is this saturday and we will have live coverage of the results on cspan. The republican primary yesterday was one way donald with 32 of the vote. Marco rubio edged out ted cruz for second place. Speaking of the race and the campaigns moving forward. I was a member of the gop,lishment of the a proudly. I gave 350,000 to the Republican Governors Association before i ran. I gave tremendous amounts of money to people in the republican party. Very establishment. Once iran, i said what is going on, that is not supposed to happen. People,e to control the the senators, the congressman. When they go for military awards, pharmaceutical awards, they make sure they will get it. Right for the is country. I am the only one that is a self funder. ....
Ourselves. A sizable chunk is owed to foreigners that which if you want the candidates, did the chinese and the various Oil Exporters. How do you quantify that . What is considered u. S. Debt . Guest thats a complicated question. Most of the numbers you hear is debt owed by the u. S. Government. Theres a lot of other bad including debt and household to banks, corporations, other corporations and Financial Institutions. And so, if i were to add up all the debt all the debt, would be sort of double counting. Most of the time we talk about the night that. In terms of all private individuals and government. And that works out Something Like that the moment 25 of gdp. Thats a lot. But in another south is not as problematic at certain times. The question is not that bad and certain times they get into trouble and theyre ....
But just thoughts generally on everything from id like to hear your assessment of what were doing right and wrong, everything from earned income tax credit to estate tax to Corporate Tax to the personal income tax guest you mentioned two areas. I mean, i think earned income tax credit and other credits that reward work, reward education, that those are constructive, and they avoid some of the tradeoffs that you wore toly about if you that you worry about if you, you know, essentially create a tax on benefits by taking away benefits if you go to work, for example. Corporate taxes, seems like thats an area where theres a lot of bipartisan agreement where closing loopholes, creasing the territorial issues, those are things that i think should be able to get done, it seems to me. So there are some areas where progress could be made, for sure. Host im working with a couple of senators and speaker ryan, im hopeful that we can come to som ....
Speaking about something very relevant to what you have worked so hard on. I want to talk about the book and the broader economic context of china and the word about hank paulson. I know something about the stress and policymakers behindthescenes. I dont think anyone put this country on a footing for the future. Writing here about his perspective is a policy maker with his long experience in china. The hundred visits going back years and years. And so the perspective from the private and Public Sector come together as we assess our greatest economic rivals in the banker, and until very recently banker of uss. Secretary paulson, thank you for being here. Thank you. It is my great pleasure to be here. I thank you all for being here and for waiting. I waiting. I am looking forward to the conversation. Dealing with china is a fascinating insight. The president s News Conference t ....