bills as collateral. so all of a sudden, you've taken the world's safest asset and made it not something that is meeting its obligations. so nobody really knows, but it is definitely a very scary prospect. >> you know, cnn is learning that president biden told -- today told progressives that the social safety net package needs to come down between $1.9 trillion, and $2.2 trillion. you recently wrote a column about how the progressive wing is advancing popular policies while the conservative wing is willing to risk blowing up the president's agenda. you describe it as biden versus a rip van winkle caucus. you say democratic moderates need to wake up. talk to me about that, paul. >> yeah. there's still a group -- moderates, i hate that term. basically if there's a good term for it, it's actually the corporate wing of the party, the ones who are listening to u.s.