We have to create that bridge for the future. And that means making sure we're paying attention to the wages of workers in countries, making sure that we're investing in their education and their skills.

We are running out of time

It is important to combine structural reforms and good fiscal stewardship with a growth strategy, because when your economy's growing and more revenue's coming in, that helps relieve debt.

But today, just a few years into the twenty-first century, we already find ourselves in a different and precarious position. As revolutions in communications and technology have broken down barriers across the world, it has given more power to both our competitors and our enemies.

I would meet directly with the leadership in Iran.

We have states. And we have cities. And we have counties. And we have the private sector. And - and so the country still works even when Washington's dysfunctional.

We've got an extraordinarily complex tax system that's full of loopholes that are exploited by special interests. I'd like to see those loopholes closed.