of the developments, let's bring in dan cato, cato institute and rick unger. rick, let me start with you, are we optomistic both sides moved the discussion forward or is that a fancy way of saying they moved it forward and are ignoring each other. >> i say in a word no. i'm not feeling it. there is little reason to believe we'll see something small or large before the end of the year. adam: dan, what do you think, will we see something large or small? if it is sma something sufficient to avoid calamity and doom and gloom or apocalypse. >> i'm less optimistic. whether it is obama's tax increase, whether we get obama's tax increase tomorrow or get it a month from now the net result is still the same. we're going to have a less competitive economy because of what is coming out of washington. adam: chime in, rick said, nah why do you say that? >> you will get a tax increase. i think number will be closer to 500,000 before we're done. certainly closer than