mechanism would create cuts and revenue raisers the hope would be that never gets triggered. through the normal process you're able to achieve the deficit reduction you want to. it would be an assurance that you would still hit your deficit targets. >> that revenue raiser a payroll tax, an extension of the payroll tax? are you talking about yet another kind of revenue tax increase? >> again, the democratic position is that a balanced approach to deficit reduction has to include cuts, yes, but we should also be look at closing the corporate loopholes, the tax ear marx like subsidies for oil and gas, tax breaks for corporate jets. there's a lot of spending done through the tax code. we need a look at both those pieces if we're going to have a balanced approach. the whole question of payroll tax is really a separate issue. it could become related. it's a proposal the president has floated as you know to