exact same time personal computers came together so you should make it a book about the joint connection of computers and networks. so i change the thrust of the book and bill gates said that too when i was interviewing gates. he said that's fine but networks are only half the story. it's networks and computers together that make the world magical. so i have been working on this as i say 10 or 12 years and keeping notes and trying to write this but by talking to bill gates a lot and by doing the book on steve jobs on steve jobs expanded the nature of what i was trying to do. >> host: burgess bill gates fit into this narrative? ..

[cheers and applause] is great to be here. not where we wished we were. [laughter] elected is great to be here rand wonderful to be with paul again. we had quite an experience bridal lot of you think it must be awful running for president in half to go every night to a different

hotel, with debate after debate ian of the primaries and the general in a the adoring press at your heels. [laughter] said the truce is it is a magnificent experience because you get to see the country person by person and the state by state. people making the dues are doing something strange and unusual but they are wonderful people will learn about life stories it is touching and maybe more optimistic about our future. of you have the chance to run for president, said do it. [laughter] >> third time is a charm. [cheers and applause] >> i have made a couple of good decisions in my life, who was buried and who

i chose as my running mate there is no harm better person. [applause] to take a shot at me you would not be a bad president yourself. [applause] though we have questions about the book you have written and i have read it in the hope some of you have as well. i know paul pretty well and he actually eroded. most books were not written by politicians but for politicians by professional writers but i can tell it is his voice and written like he speaks which makes it avian portaging a personal.

but the american media the main title of the book is the american and idea. >> it is a way of life but to light brought by a critical lady is a m principals founded in this country is the condition of their birth does not determine the outcome of your life that no matter who you are or how you got started you can't make it in this country. you can make it. the idea of where our rights are hours naturally and our government for our prosperity.

in the reason is a lot of people don't see it. they're worried it will not be there for kids or grandkids. if you like the direction in-house the kid is going that is being crowded out it is a different way for word. this is the idea that each generation in six years for the next generation like our parents did for us. [applause] >> without question something we subscribe to and at the same time of lot of people say that american idea has not worked for them. lot of people are pour, a lot of people in the middle class saying it is harder

and harder to make ends meet and they look around and watched tv in they say why is this some people are doing so much better and i am not doing as well? how low do you deal with this growing income in the quality and the issue of poverty? and your book describes that. give us your thoughts with that income gap and the wealth gap than the extended poverty. my friend is sitting with us tonight because the last couple of years we have been around america with people whose triumph over the difficult circumstances, of fighting poverty in doing is successfully and there are incredible stories that i

tell them about that. your bigger question there are a couple of ways. you can look at the status quo. people tell think that opportunity is there but they are attracted generational poverty course is to ration poverty or middle-income to run hard on the hamster wheel. what kind of principles to you need to have the healthy economy? with the 50th anniversary with the war on poverty spending in trillions of dollars just from the federal government give the highest reported in degeneration. ended is measured based on inputs.

how many people find that american dream a get from where they are to where they want to be alive? but if it means the government needs to be respectful of civil society and the federal government used to flavor more acidic campbell in the supply line. and in some ways it displaces some of those great things that are happening to bring people together to get the matter of poverty. so many ways the casualty is common to said taxpayer. that is not true. it does not work like that. every petty needs to get involved. people with aids, without

faith, a time, money, love and reintegrate societies there is a whole series of reforms i am not one of the people that thinks they have an all figured out and believe me it is very humbling but i want to get the conversation started. because if we just measure by inputs did leave and not and it means a strong healthy growing economy. based it is holding people back in the books at would is said of mince job to redistribute. remove the barriers so they can flourish and have a strong growing economy.

[applause] i will not go through the whole book tonight. [laughter] but basically to articulate the core principles to regulate the american navy of. like we are going in the wrong path that have done incredible things and the seeds are there. we can have this come back we just have to have a few basic things right to. to get ourselves back on the right track. [applause]

he's an unexpected troy or chicago. [laughter] i grew up in teacher rates a bet -- a big red wings fans fans, now the black hawks. [laughter] a big rivalry. those were terrific times. talking about the '50s or the '60s yet with the hull of a hit -- a activity and technology but the jury hess and you can trash that but. >> why has it gone through

what it has gone through? how does that translate to other places in america but found a way out but it is a cautionary tale for the country because if you do a physical autopsy:detroit to see the failures that have occurred, because of poor leadership and bad government it is passing the buck, and where they were bankrupt. if they cannot and is a cautionary tale of one of a call the federal government will have this dates have

been it is a sign of the way americans can go if we go the wrong direction but if we apply the right to principles we have the expanded and my cousins are here is very there is always a day ryan in the room. [laughter] i wish i was really the pat.

the rotarians in the optimistic and the churches and the lutheran and sand of the social loops in civil society had a hard knock give our family and my mom and gramm went through difficult challenges and the time is. but for janesville our community not just friends and relatives but those three did not know to help make a difference then getting involved tuesday would it does to support people when we lost general motors plant it was a huge punch to the summit hundreds of millions of payroll into a town of $60,000 and sees me people. a lot of buddies from high-school work there thought they would have the same job and career for their entire life which was a good living. gone.

we still have a ways to go it gives a perfect story between ourselves and our cover rent that is what we coming call civil society seven is the fabric to sustain and revitalize if we get this back on its track. why do i believe that? it is because of my a family and community. >> you call the social capital but what is the state of the social capital and what does it take to regenerate that a joke fell thought was unique? mcfadyen tried discuss the down side but it is the principle of governing with

no limit. to fix every problem with the largest solution that and bowling alone is fantastic from a harvard economist the? story is it is shrinking we're not spending our lives sorry engaged in our communities that we go alone. this has to be revitalized with economic growth with bottom-up economic growth but also has to be revised with the new attitude where people have to understand they themselves have to get involved and government has to respect its limits so that can richer and ocher and that is how you revitalize social capital

don't get in a way, don't discourage or power or overwhelm people. that means the critical secret sauce of american life to have the revitalize each of us to respect its limits to focus and do it well. to increase social capital. [applause] >> here is the national balances and income statement. [laughter] a lot of people looked at simpson-bowles as they invaded out a plan item often a big reid for near%

was says n. and foreign in tenements but in view a waterfall stunning point to save this is bipartisan in tiff -- apart the federal them rent a and can send two kits to suze where we may not be able to count on as a security corps medicare or medicaid. and if the president did not pick it up. did not touch jeff. why did nothing come icahn us so much into cnn and then

nothing. what happened? to make as maven is sega fest and to teethirty is a of of an - - privileged that had then that was lifted to halt - - share is a lot of them worked. >> i would choose saddam pass it through cnn but to balance the budget and pay down the debt.

[applause] but it deals with the entitlement reforms to get on fiscal footing but it doesn't get picked up by the senate or the white house. it is simply wrong. we are a sight to put that legislation forward and if people want to see real action in dealing with problems from education to the health care tax reformers people want to see this in half and because altman the republican president as well. [applause]

>> i have pay enormous respect. >> care i if the mayor called benchmarks. i did not like some parts of but they did and it was missing a lot as we put our own day 1/3 to exceeded those benchmarks. reassume to the president would choose his same he word pro his budget was set up by his executive order so we did expect him, the house republicans to do our thing and we thought like bill clinton did for the sake of 2012 to surround him is support him and the

demagogue did not offer incredible fiscal a tentative and made while we still have the same problem over us. look. but my personal theory is. [laughter] ideology. at that particular vomit it is clear what decision was being made it into i think of was more than ideological interest for this is something that was more moderate and i just believe that that moment when but not to offer the credible alternative is what this industry issued. [applause] >> i agree. you might it is a personal

story which shoots interesting bit you had to humane these in the map us inherited to said planchet speech -- media said you loose social reform and we were conditioned to thinking that he went pretty far left and all these savage pick a fair bet the house of this and. a and we figure dash of the half when but he was giving

a speech defying f. kern bifurcate bifurcate but it is not a budget for within here soonest he and soon he became a very. >> raise taxes servo after republicans? this is a over the area but we get a text from one of our colleagues saying you she and her brave as to this direct% reid did after words did a press conference.

[laughter] we're almost at a time with native. [laughter] [cheers and applause] but we can tell what the error recovery was like he of the postwar era harry but

we will be opposed to resume the presidency i have quit own views of course, but for their respective wide as of president failed to unite as our work across cio or death if he. >> bedded is take them long time wine'' and successful and the long for people to get jobs are higher incomes than to be the community that the president campaigned on. >> so your attention least is the worst recovery of reid have had in just the

average of the prior 10 recoveries we would've had those metrics. there is 1.i think is very important to make it is not just as president to get the president better. if you take a look at the enormous amount of uncertainty plaguing businesses with hyper regulatory e.g. being. wondered of the greatest warehouses is closed for fear of new fda regulations. >> the federal reserve is out there priming the pump which is produced.

they and credits and dodd/frank makes big things bigger and obamacare that is credibly and insurgents so people learn that getting hired even though the cbo will not work because of the disincentives of obamacare. taxes cover regulations the debt is $17 trillion and growing with no reduction in sight and you have a political modus operon day that does not seek to polarizing and intimidate to divide people based on what divides them and pray on the emotions of the year and anxiety the political system this speaks to people with ideas that unifies people

based on aspirations and hope and opportunity in ronald reagan did this very well and it can be done again but i do believe the philosophy is employed in a third obama term whoever will see things going and it is this loss of the on the policies that flow from it that we need to move our decisionmaking to unelected bureaucracy is to run our lives effectively to micromanage society in the economy. it does not work the whole idea is the rule of law and to the private sector shrink says a result. [applause] >> q and i have had a fantastic questions the last

few years but one issue we did not discuss yet is foreign policy. we see things very similarly in the world and the states of things now. first, give the assessment of america's foreign policy. how is what you think we ought to go in and should be doing differently? >> i know you have questions for the audience so i will not take much time do we have a form policy as a nation since frankly since truman someone said we have been tried to into awful things as a world mandate nation so that to not have been in the future we had to adopt a series of policies sam present at the creation the creation of a foreign policy which is the basis of

persons. that book basically says a few things. number one is we are involved in the of world. not just with guns but diplomacy, economy, we will promote our values and ideals of the american principles of freedom. these things are promoted a round of world. that combination but that has been the foundation of cover foreign policy. the president campaigned and adopted very different foreign policy. headed the clinton basically said he does not have one. rise delay that down but the truth is he does and it is

very different of chairman and since who has followed. his warm policy is based on the view that everybody has the same interest. some people want to dominate and oppress other people in takeover the nation those of our fundamental evil and have been on tv this week. others said that's have reset. have very clinton tries to distance herself which would work to she was not a secretary of state for those four years. [laughter] [cheers and applause] >> did she had the picture of herself and the big smile. can you imagine such a thing? people have very different objectives.

to rebuild the russian empire. those mistakes combined is with tactical mistakes. to jog the redline i guess i cannot react is out getting congress's approval but right now he is willing to act as out approval but it could not do with them and then steps back altogether to send a message that it is extraordinarily unfortunate for america as we have seen an explosion of very bad things because the rest of the world house calculated put his happening which is a a dramatic reduction in anne's the quadrennial review that was reported and reported on by a commission including proper defense secretary, take a gander. maybe in our airports in the

army but this happens to nuclear capabilities and guess what? we said america is not here and going there. to china is investing enormously in the military including the deep water navy. and other nations as well. happen to think the president's policy king komen the personal charm and to. >> did pay a you look tired of a lot of wall if it is most life help elife help electr that is where we want to push to see the american the have and may in diplomacy is could carry so strong nobody

could ever think otherwise. [cheers and applause] in devil of life to say we could be involved in the world to keep bad things from happening in we had intelligence that isis was being formed but the president just watched as is spread across iraq is difficult to pull it out. this last kind of group is a terrible conclusion for the world and us.

they are not. [applause] >> after this the most important paying to participate in the cold water plunged. [laughter] i cannot wait to see that. >> i am of plunge cheese. >> my daughter dump the bucket on my head spinning reducing the children of illinois i were raised by gay and lesbian parents that

the sexual merry jack is legal in illinois? >> i don't know illiterate tax but if a child is an orphan that finds a home than that is no longer homeless or a child, at this was us. i cannot take you a note from carol if you could help clear t