mrs. thatcher won said the trouble with socialism is eventually you run out of other people's money.se] the big difference between government and business is that you're using your money but with government you use other people's money and there is a big difference on how people handle their money and how they handle other people's money. and it is true. anywhere you looked if it is other people's money we behave differently and in the pentagon it broke my heart when i turned my head for a minute to see fancy expensive wood paneling going up in one of the halls. we would not do that if we were a corporation. the advantage of a corporation or a company or business is they can go broke and that is a good thing if it is badly managed walk down any retail street there are 10%. new leaves grow and in government they don't they go on and on and on. and trying to find some technique to get people in government to manage many like they manage their own instead of how they manage other people's money is a difficult thing. the only way to do it is to be vigilant, to understand the federal gove

mrs. thatcher, i sat down and i explained what we felt was a key element. and she said, well, mr.assador, that sounds to me like the international nationalization of two-thirds of the earth surface, and you know what i think of nationalization. you can tell president reagan i am within. and it's not solving the problem. yes, sandy, you look -- >> young lady in the front row. >> i had read your last book, "known and unknown" and i couldn't help but one as i'm sitting here and thinking about all of the tough losses you had when you set out to do this book to her, what did mrs. rumsfeld say? >> mrs. rumsfeld, whose name is joyce, and i met when we were 14 in high school. we have been married since 1954, and if it were a little earlier in the evening i would tell you how many years that's been. [laughter] but i don't want to guess and be wrong. but what she says to me when i go off on a book tour is, don, avoid being infatuated with or resentful of the craft. they have their job and you have yours. and pretty good advice when you're dealing with the press. i take that advice about hal

well i think the reality is that have we listened to mrs thatcher twenty years ago had margaret thatcher's advice been taken we wouldn't be in this mess today she told us then that political union was wrong she told us that we shouldn't go further into this would become a federal europe she knew that was wrong and she warned us against it we should have listened to her sound advice at the time but we didn't so we've had twenty years now of two more continuing today you to effect a different government in every prime minister until we unravel this and make it clear that political union is not fast we happy to trade we happy to cooperate we're happy to have good relations with our neighbors but political union must be taken off the table and then we can get back to a sensible relationship with our friends across the english channel and what about the potential political damage if britain deserted the e.u. at a time of crisis what did this cause huge damage to its relations with major you members from your point of view. well i think the germans and the french we may huff and puff offer all t

mrs. thatcher suffered dementia.th that as you reported the book. >> well, very luckily i was able to interview lady thatcher in the late '90s when her mind was in pretty good condition. in the later years, sadly, you couldn't do that. i would take her out to lunch and have a bit of a chat. it seemed -- you'd still get little nuggets of gold. she couldn't remember everything properly by then, but if you mentioned the name from the past, perhaps, interesting things would who was running northern ireland for the prime minister at the time. and after he was killed, the day he was killed, it's in the book here, mrs. thatcher told the bbc, "some devils got him. they must never, never, never be allowed to triumph." do you think his death, the way it occurred, the assassination, way it occurred, did it extend the war in northern ireland and make her just less pliable to coming to a resolution earlier than -- rather than later? >> well, she certainly felt that, you know, while british people were being killed, it was impossi

of the political leadership of britain the moment of the conservative side of the children of mrs thatcher and they've been telling all of us for years your it's a terrible thing it's full of awful people who want this little to do with it as possible without it the british people are believing that say ok give us a vote but we will leave the european union and our friends a job with them germany and poland and brought us the spade well ok we would rather you stay but if you really think you are to go by. then it's great to talk to you thank you very much and if you thought said dennis we're showing live there from london former u.k. minister for europe thank you. it is time for us to settle this question about britain and europe. david cameron's under increasing pressure to guarantee a vote on the pace of future in the league you will have a sell out of britain's european partners fear that such a divorce code is a strong thing. the cash strapped european union is mounting a crusade against the continent's banking hubs brussels declares open season on account privacy tax evaders a light w

mrs. thatcher, and would have been elected on that basis, they can no longer do so and moved to the center to get command and electable plurality, and so both parties huddle in the sent i have ground at the moment. i think there are tendencies within the society given the crisis, given the process of austerity that will lead to polarization, but i don't think it's necessarily reflected in the two major parties. >> host: couple years ago, you had the meaning of david cameron. >> guest: yeah. >> host: what's the thesis of that book? >> guest: that a cipher for the wider, sort of historical forces that he remits, and what i did was i took a number of key words used "progress," you know, and the idea was that essentially the language that he was using was codifying a political project that was mainly continuous with new labor in terms of the support for privatization, in terms of the support for breaking up the welfare state, and in terms of downsizing the state itself being a very important part of the project, but i also tried to root it in app analysis of the changes ideology since edman bu

mrs. thatcher. i didn't get to her funeral service and i regreet that deeply.ventually you run out of other people's money. it really says it all. it doesn't work. and she said it. she said it well. >> david web. >> when it comes to your rules, you have already broken one. there's more than ten. >> that's my last rule. don't have more than ten. i have 300. >> leadership exists at all levels of our society and for every american. rule 15 for the american people how they can rise above mediocrity and exhibit leadership at whatever level because exceptionalism is the result of our entire country and dna. it's important we see a resurgence of that so what is rule 15. >> well, then 301? >> well, i think -- i watched some testimony one time by a fine historian, david mccullough, and he took time for a congressional committee and asked what one thing he would wish for for this country, and he said he wished the schools would teach history. and it seems to me that that's good advice. because you have to start with young people and we have to know what it is we are abou

mrs. thatcher, because as a person who has taken on the left, i'm supposed to be signed up behind her banner. folks, life is more complicated. i have a great deal of respect for the late baroness thatcher. she was a political titan which we will not see again which is to our disadvantage because she had great leadership and above all for me, what she did for britain, was invaluable at the time, was that she said, you know what? the story that we in britain have told ourselves, we lost an empire, never found a role, we have to manage decline, basically subside giantly beneath waves of the north sea, that's over. aim going to make britain great again, give britain a sense of its value and place in the world, and i thought that was fantastic. that's what leadership is. you find the best in your country and you make the most of it. so, i have a great deal of respect for her. had a great deal of respect, and i thought it was truly dreadful that when she died there were so many on the left who gloated. they literally gloated over her dead body. it was disgusting. it was wrong. she was a political

mrs. thatcher.o compare her is about the highest praise you can get a female leader or any later frankly, in the world. i was conversing before the meeting, and we were talking about that northeast asia initiative and how they were some folks that were upset that our president did not do that quite a to do here. you know, our president talks about this leading from behind stuff, which frank that i think most of the time is not the appropriate thing to do, but in this case when you have a very capable allies who has a great idea, he should've jumped on that one and said, yeah, we are behind her 110%, we're going to help with that. because that was a missed opportunity, and held our government will rectify that and give that initiative the kind of support that it deserves. so we really can't forget or take for granted this teamwork aspect that we are a team, if we're going to face these issues in defense, and diplomacy, in economics, insider. i do a lot of cyber stuff. this is like a really, really bi

mrs. thatcher. that is the highest praise you can get a female leader or any leader in the world. i was conversing before the meeting and we were talking about that northeast asian initiative, and how there were some folks that were upset that our president did not give that it's due here. our president talks about leading from behind stuff. which i think most of the time is not the appropriate thing to do. but in this case, when you have a very capable ally who has a great idea, he should have jumped on that one. and said, yes, we are behind her 110%. are going to help with that, because that was a missed opportunity. and i hope our government will rectify that and give the initiative to support -- the support it deserves. we cannot take for granted this teamwork aspect, that we are a team if required to face these issues. in defense, in diplomacy, in economics, and cyber -- we do a lot of cyber stuff. this is a really big deal, especially when you start talking about china. and all of these things have to be synchronized. they have to be done together. they cannot be the individ