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But that's over ten years. and the u.s. economy is enormous. the congressional budget office expects gdp to be $288 trillion in the next ten years, so spending 1.7 trillion, even if it was not paid for, and mostly is paid for, according to cbo estimates, that's just not an inflation spending. that's a trivial thing. ed fed said we're on guard. if necessary, we will raise interest rates to keep inflation slow. even people warning about inflation, people like harry summers have been saying this is not inflationary. that's not a reason not to invest in the future. >> he hides behind those boogie ...

To do it. brian: that's in response to the deficit being 700 plus billion dollars. it's the highest since 2012. >> do you know who that is? that's a business guy. i want 5%. next year i want another 3% there is a lot of fat. there is a lot of fat. you see that when he renegotiated the s 35 program. he saved billions of dollars. when he renegotiate you had air force 1. he saved billions of dollars. that's the real estate developer. that's the guy who got elected where you will call up every contractor hey i do it in my own business, in our business in the trump organization. you call u78 every ...

>> and steve, this is a point we brought up last hour. you know, everybody is debating over raising top rates for people making $250,000 or more. you look -- tom's talking about $88 trillion. you look at the small percentage, these tax increases as part of the bigger problem, and you realize that we're not even having a serious discussion right now. we're obsessed on something that's not going to save us. >> well, that's true. first, with respect to what david said, i think partly why they're playing an outside game is because they've been criticized in the past of playing too much of an insid...

Talk become fred and also the weakening dollar and we have an $88 trillion unfunded lie bullet in our entitlement programs which is a disaster. we are not ready to jump off the cliff or jump off the at that point top of a building but investors, please be careful this year. >> so one way people feel like they can squeeze a little bit more out of their paycheck or their dollar is to maybe think about the assets that they ve, like their real estate, their homes, they want to refinance because maybe they can shave off a couple bucks a month, a couple hundred bucks a moment and that might help. >>...

>> here are some of the problems about the stock market, although it's been a good two years. we're concerned about this year for a bunch of reasons. number one, nobody seems to be worry about it. number two, food and energy prices are up. food is up 9% year over year. daria, you just filled up your car the other day. >> 14 cents difference in five weeks. >> also high -- >> little bang for your buck. go ahead. >> yeah. no, i was just going to say there's high unemployment which we'll talk about and also the weakening dollar. and we have an $88 trillion unfunneleded liability in our entitlement...