postponing major changes. will they able to do tax reform in this amount of time? medicaid, i don't think there's time. in terms of cutting $2 trillion, maybe they're getting close. even joe biden is optimistic. in comes timothy geitner and says you can't just cut, you have to raise revenue. >> yep. he was talking apparently yesterday to a number of cfo's from some big corporations and he said, yeah, right now in the short term, it sounds like we're going to wind up raising the debt limit which we've been talking about but we need to find another way to come up with some revenues and, of course, that's code for we're going to have to jack up some people's taxes. question is who's taxes? this administration not for that across-the-board stuff. more like one of those soak the successful things. >> eric cantor makes a great point. where's the appetite going to be for bigger cuts later? we want big cuts. if we don't do it now, what's going to change the dynamic as we get close to the election that's going to make it that much more palatable for people to make the $4.2 trillion that they need in order to do the