economic growth with the need for deficit reduction. and of course, deficit reduction in the immediate term is exactly the opposite of what you want to spark economic growth. there's some new studies coming out from moody's saying if we hadn't taken these austerity measures, we would be in a much better place at the end of the year. unemployment would be roughly 6.1%. gdp growth would be 1.2 percentage points higher of we have deficits shrinking at a very rapid pace. do you think republicans are losing control a little bit of the narrative that we have to have deficit reduction right now? >> they might be losing that a little bit. it is one thing to say that and it is another to say there will be a grand budget deal let alone tax reform deal coming out of washington. i think that's highly unlikely. i think the fact that the