irony,

right? And this is where I guess you got to hand it to these DSA folks because they're brilliant marketers.

They really are.

They're basically going around to people and saying, hey, look at all these different things that we have been in charge of for years.

They're so messed up.

You should give us even more power so that we can do the same thing for everything else.

No, but they are they are in all sincerity.

Do you see we just reached 40 trillion dollars as far as the national debt is concerned? Is that is it even possible to ever to ever get those numbers down?

I- I- you think my math is that far off?

No. Steve, you, you make a, a lot of really great points, in- including what you started with, saying that, you know, we're already over $500 billion essentially in the hole, meaning Treasury has been blowing through its cash account at the New York Fed in order to keep the government going with the debt ceiling being in effect this entire year.

And so as soon as that debt ceiling is lifted, we're immediately going to, uh, borrow additional money.

The debt's immediately going to go up so that we can replenish that missing cash from the Treasury's account.

Th- so that, that essentially wipes out f- again, $500 billion out of the $4 trillion.

That, that's an eighth of it right there.

And then you're gonna have that $2 trillion, uh, uh, deficit overall.

Um, are you concerned that the further we go down here...... that even the decisions of President Trump and his ability to enforce and implement his program may be taken away from us as, as the, as the bond market starts to respond here?

I don't know where you wanna start, uh, EJ, but the floor is yours.

Well, Steve, thanks so much for having me.

The, the, all, all great topics, all really important that the audience have to know about.

Let, let's take that last one first.

You know, what, what we're seeing right now with this latest tax package out of the House, it, it's a real mixed bag.

You know, there are some good provisions in it, but there's some bad stuff too.

And, and what's really annoying here, Steve, is the f-...

What does your analysis show now that they're out the door?