and jason trennert, chairman and ceo securities good to see you. monica, the universal income.aid, the states and localities can't prin money but -- print money but federal government can, you know people in biden administration would like to apply this nationwide, is that if there is a second term. >> you are starting to see movement in that direct, they would love to do it on a nationwide level, the deep blue states like california and areas are guaranteeing this, this is essentially communism with an equal baseline, a equal poverty and misery. understand where the people are coming from, this is marxism. that is where they are trying to move the areas. to your point about states they cannot print money, they are imploding, illinois, washington state, california, new york i'm f imploding and on top of this the tsunami of illegal immigration, they will come to the federal government and want bailout that means you and me. david: california just announced their deficit has been creeping up, first it was a s surplus, now 68 billion dollars, their deficit, they can't pay for this