medicare for all, infrastructure spending plans, you know, they are of the mind-set that the debt and deficits don t matter so much. but we are also seeing the same thing on the right. you know, tea party republicans during the obama administration made this the top issue, and we are on track for a trillion dollar budget deficit this year. as you say, $23 trillion in debt. let s not forget that just last week we saw the house and the senate both passing $1.4 trillion budget deals. this includes $50 billion a year, more on spending then was agreed to just a few months ago. i think both sides are spending like there is no tomorrow. julie: john hilson roth, thank you for coming on. happy holidays to you. joe biden leading in the democratic pole nationally still, it has been the case since day one, but he does have a fight on his hands with iowa and pete buttigieg, so is it
tabled for who knows how long and traders are trying to figure out whether that means president trump still has the ability to push through perhaps even more complex legislation down the line in the form of tax cuts, a comprehensive tax cut package both for companies and individuals as well as any infrastructure spending plans down the line. so again, it s important to note, this is not panic selling. we re going to be down 150 points. this has happened in the past. this is not one of those days where we see the markets gap lower like 500 points. jared, you buy that, 150 points not 5 moints. i don t get into the business predicting where the market s going other than it s going to open down and basically if you look at a number of indicators, it s not just the dow, the dollar is falling significantly. gold prices are actually going occupy. that s suggest a risk off kind of environment in markets. that is where many investors were feeling positive spirits, excited about the things t