and andy kohut, president of the pew research center. it's good to you have both with us. naftali, let's start with you. they are talking about a big deal, so what could that entable? >> it probably entails a lot of political peril for both sides because it would entail adjustments to things like social security and medicare which democrats are pretty much dead set against and it would have to include some kind of tax increases to reach the kind of $4 trillion figure they're talking about. it would also involve a tremendous number of cuts to spending across the board including the military. so i think what they are talking about essentially is holding hands an jumping off a cliff, something that would involve some pain for both sides. >> so when, but republicans clearly are still not there when it comes to tax increases. we heard senator mike lee saying well it's one thing to talk about revenue raises but we're to the going to talk about tax increases. how do you read what republicans are thinking and are prepared to do on taxes? >> i think they are prepared it to increase