with us jens nordvig.single best chart, let's bring it up right now. it was the chart of the year last year, deficit, fiscal and trade, they summed up to a deficit, on the edge of reagan, we are really getting down here to -8% drummed in as well. is there any concern about our deficit in washington? terry: you know, i think both parties -- my view of this is both parties come along ago, made the decision -- parties, long ago, made the decision not to worry about deficits. when either party is in the --icit, that concern goe is in the majority, that concern goes out the window. 2017 tax bill, when the drive was to get the rate as low as possible, and how you get that is the agreements to increased deficits by $1.5 trillion over years, and officially come you can go to members and say, look, it is only $100 billion a year, and it will get mostly made up with growth. come on, why don't you just be with us? and that is what is up happening. tom: jens nordvig with us as well. there's some academic papers long a