secretary or administration would willfully choose to have the catastrophic defaults occur when it's not necessary. so this is pretty well understood in financial circles. you see treasury provides have barely moved. i have legislation that would codify and formalize the obligation to make sure under no circumstances we would default on our debt. interestingly, the white house threatened to veto it precisely because they want to be able to hold the specter of a catastrophe in front of republicans to tell us and intimidate us into giving the president what he wants, which is a whole lot of additional borrowing authority with no reforms whatsoever. i think that's irresponsible. >> i can't agree with you, joe is coming to set. alex, you want to join us? >> i think before we talk about the white house cowing anyone, i