in a curious way, both sides .eed each otherwhy d hawley debt limit has to be extended. this is not our future spending. this is about spending has already been done. will we pay the bills that we have already racked up? clearly, we have to do that. the consequences of a failure to extend the debt limit would be extraordinary. to do that, you have to get votes of people in the house of representatives. and they are insisting on additional spending restraint. in fact, we need additional spending restraint. if anything is clear from the charts i have put up your is that we have to get some additional restraint on the entitlement side of our budget. so it does lend itself to a compromise, one in which there is additional revenue, not from reading rates, but through tax reform, which happily something the country needs anyway. does anybody believe this tax code that we have makes any sense at all? i don't know of a single democrat or a single republican that would sit here and say this tax code can possibly be supported on any grounds. it is not fair. is not rational. it is