will change. but we've had the longest running positive effect on this economy really i think in modern history. it doesn't go on forever. when it ends, i don't know. the trade policies are certainly contributing to the gloomy outlo outlook. >> the deficit projection is now revised up. now predicting it will reach $1 trillion in 2020. two years earlier than previously thought. two years earlier. i know republicans don't care about deficits anymore. but that is not good. >> well, in '97, i worked with democrats and republicans, and we got the first balanced budget since we walked on the moon. we paid down the largest amount of debt in modern history of the public debt. we had great economic growth and we had surpluses. now, i said this to some people the other night at dinner.