we are not out of the woods yet. we could still have problems. in fact, i would count on it. chris: explain. what do you see coming out of the committee that is going create problems. two things. first, immediately we have to figure out what to do about a number of provisions in the tax code, government spending programs that are going to expire at the end of the year that mattery lot for the economy. for example, the payroll tax holiday that we all got this year expires at year s end. everybody s taxes are going to go up on gang 1. doesn t seem to me that makes a january 1. doesn t seem to make sense in terms of the weak economy. that could have significant implications for growth next year. emergency federal unemployment insurance comes to an end. we have the doc fix. a whole slew of thing. it is unclear how they will come to terms to figure this out. i had hoped that they would figure it out as part of the supercommittee process. if that is dead that is a big problem. going in