we begin with joseph nye the former dean of the kennedy school at harvard. his new book is called "is the american century over?" >> the americans are in better shape than people realize. demographically, we're the only rich country that is going to keep its position in the world. if you look at the population of countries today, china is number one, india number two america number three. 2050, the u.n. demographers project india number one china number two but the u.s. still number 3. the interesting thing about that, we are the only rich country that will be able to maintain its standing and that's because we're a nation of immigrants. we accept immigration, and that is going to keep us essentially a country which instead of with a small working population sporting a large old population we're going to have a pretty balanced population. >> rose: we conclude with jeffrey sachs the author of "endeavour." >> so this has been a good overall for reducing poverty but the reason we're facing the need for new goals right now is many other things are really startin

squoib joining us now anne gearan and joseph nye jr., author of the book is the american century overoard. >> great to have you with us. i'm certainly not picking on marco rubio because i say this about people in both parties. but when you have a defense budget that is $550 billion and everybody is arguing they need more money you're wondering whether we're having a debate centered in 1971 or a debate in 2015. and that's a very important question to ask about american power, which you've examined. the old metrics that we used to measure power is not going to be the same metrics that matters 20 years from now. primarily military spending, right. >> well, we have to have a serious military budget. and that's what i call heart power. but you also have to have what i call soft power, the ability to attraction. and that comes out of your -- in fact bob gates when he was secretary of defense once said that the -- and this is back in bush 43 administration. the problem we have we don't invest in soft power. and we need both. >> $550 billion pentagon budget do we need more? >> i don't think w