machine mcconnell added another wrinkle to this after our deals in the wall street journal he said he wanted structural entitlement reform to both medicare and social security like the president was offering back during those big debt talks in august of 2011. but the president and democrats seem in no move to revisit those kind of big structural entitlement reforms. >> i think you are correct and mcconnell is correct. if you don't get them at this point in time and commitment to go do it, it's not going to happen. the one thing we do know, if we go over the cliff it's not going to help our economy. it will probably dump us back in another recession and i don't think anybody wants that. at this point in time, though, for the long-term structural changes that need to be made, now is the time to do it. which is why i think they need to sit down and negotiate this team as opposed to yelling and screaming back and forth. this is relatively short term. whatever the president is going to do, it doesn't resolve the trillion dollars a year deficit and the long-term structural