banks and their central planners we'll talk about it with leader and natural resource investing rick rule and speaking of top former citi group c.e.o. sanford while better known as sandy weill helped to build the behemoth citi group is today now says break up the big banks. so i think what we should probably do is go and split up in the banking and banking. what is the significance what kind of legs does this movement have and what could be the motivation for him saying this now we'll talk about it and the delegate blackrock vanguard firms that collectively manage more than seven trillion dollars are weighing taking legal action against banks being investigated for rigging lie boy this is according to bloomberg add these to the list of class action lawsuits we've started to see or could see and what our guest co-host jim rickards says may be the real live or manipulation crisis let's get to today's capital account. so boy did sandy weill raise more than eyebrows yesterday when the former chairman and c.e.o. as citi group said anough with these too big to fail banks take a listen i'm sugge

financial system that's so crazy we have jim rickards author of currency wars as my guest host today and rick rule natural resources guru as a guest from vancouver so you won't want to miss it right a lot going on there thanks lauren for that update that's all coming up next on the capital account but that is going to do it for the news for the very latest on the stories we covered today and a few that we didn't have time to get so you can check out our you tube channel you tube. dot com slash r t america or check out our website it's artsy dot com slash usa that's a find out what i'm doing when i am not reporting the news you can follow me on twitter at was wall will be right back here in a half hour with more news and in-depth interviews so keep it tuned right here. wealthy british style. time to. go. hide the. markets why not. find out what's really happening to the global economy with mike stronger for a no holds barred look at the global financial headlines tune into kaiser report. news today violence is once again flared up. these are the images the world has been seeing from the streets of

rick rule, chairman of sprott u.s. unfortunately we can't understand a word he's saying. we'll bring you the highlights as they come in. mopportunities are hard to spot. you have to dig a little. fidelity's etf market tracker shows you the big picture on how different asset classes are performing, and it lets you go in for a closer look at areas within a class or sector that may be bucking a larger trend. i'm stephen hett of fidelity investments. the etf market tracker is one more innovative reason serious investors are choosing fidelity. get 200 free trades today and explore your next investing idea. out out. >>> welcome back to >>> welcome back to "squawk box." futures now down 56 points. >> is this because of draghi saying the downside risk to growth has materialized? i think that's obvious but him saying it out loud making it sound like the economy is worsening more than perhaps they had thought? >> considering we got just about everything we wanted in terms of -- or is it that people now realize qe3 is gun gone an

ruling effects. >> this is a 92f. >> reporter: rick stern is a firearms instructor from bowie. ever since a judge's ruling earlier this week that they made it easier for the maryland residents to get permanents to conceal the handguns. their business has been absolutely booming. >> my phones are off the hook with people interested it in taking classes. >> reporter: stern says even though that it has been good for the supporters of the second amendment that they are quite sure that it will not be good if the state of maryland is a whole, unless a meaningful training component is added. >> i don't think that it is appropriate to buy that gun and no one gives you the appropriate construction. >> reporter: this week's ruling will strike out a requirement here in maryland, that anybody carrying a handgun needs to be given good and substantial ruling. it was applauded by gun owners here in maryland. but some of them think that they could have potentially dangerous consequences. >> the range is hot. for example, they said that it makes no sense to require the extensive training and tes

of course, there are also questions about how to enforce such rules. ricknthal live in new york city. rick? >> several hours of sometimes spirited public debate in the building behind me, shep, as private citizens and experts and politicians all weighed in calling this ban among other things misguided, disturbing, shortsighted, overreaching and life saving. the mayor of new york says large sugary drinks are a big factor in obesity and diabetes leading to thousands of death in the city every year. since every department of health board member is appointed by the mayor, the ban is expected to pass in september and become law next march. >> this shortsighted measure will shut down production of movie theaters, pizza places, restaurants, coffee shops, even ice cream parlors will be affected by this absolutely ridiculous ban. >> compared to smoking this is an easy battle to win and nobody is going to stop this is my impression. >> well, if it passes, 20,000 businesses will be affected. if they sell a drink this big, shep, they face a $200 fine. >> shepard: rick

. >> i hate to say this emac, rick's experience is the exception to the rule. you can see new york and washington dc. they spent $18,000 per kid to educate that kid per year. if you had that money couldn't you do a better job. >> toachers who failed sitting in rubber rooms and earning a pay check. that is not right. this is a state and local issue. 20 states are moving and that is an issue. it is not so easy for parents to take over the school. if they go to a charter school temperature is not as responsive to what they want. and it is not easy to run the school systems. >> john, the bottom line john, who does a better job raising your kid in school? the government or the charter school or private schools. >> certainly private scooms . schools fail when bad students raised by parents who don't care about education attend them. that's why it is encouraging. if parents are involve would that is it a good predictor of how the children do. it is for them to stay local. it is it a national and campaign issue. the federal government has no role on and this is a good

rick: coming up, mitt romney clarifying comments he made on the supreme court psalter ruling. >> obamacare bad policy today. let me tell you why i say that. obamacare raises taxes on the american people by approximately $500 billion. rick: the governor's new response and how it could help him on the campaign trail. martha: shocking new report out that mortgage company countrywide gave some top members of congress a nice, sweet business deal. congressman jason chaffetz is investigating those reports and he is with us live. ♪ ♪ ♪ ♪ [ male announcer ] what's the point of an epa estimated 42 miles per gallon if the miles aren't interesting? the lexus ct hybrid. this is the pursuit of perfection. rick: brand-new reports on countrywide this morning, making hundreds of loans to lawmakers and staff. countrywide wasn't aggressive promoter of those subprime loans that helped to trigger the nation's foreclosure crisis. lawmakers allegedly on their vip list, coming from both sides of the aisle. including senate budget committee chair kent conrad, house armed service committee chair but mckie on, and j

i'll talk with florida governor rick scott about why his state is ignoring the health care ruling. >>> and super guppy has landed. carla, the hologram, is ready to help you. and chicago has a new taxi law for your stomach coming up in "cross country." >>> it is sunday, july 1. good morning, everyone. so glad you're with us. i'm randi kaye. we start this morning with a state of emergency. strong storms are being blamed for at least 12 deaths across the east and into the midwest. people killed by downed trees and loose power lines. three states have declared emergencies -- virginia, west virginia, and ohio. at last count, around three million people were without power. >>> and in indiana, lightning may be to blame for this scene in noblesville. two you do pinellas countys were badly damage -- two duplexes were badly damaged. no one was injured. >>> storms, fire, and extreme heat. karen mcginnis is in the severe weather center. good morning to you. are we going to see more record high temperatures? >> we'll see minimal relief. looks like the next one to two days is when we'll see some tr

hope to rise to power in a country where they were long repressed under khadafi secular rule but journalists reso rick says the militias that contributed to get office overthrow will play a more important role than the new national sample of that is being elected in libya considered itself a country even under moammar gadhafi the stand there was organized opposition it was often led by this humorous and they're trying to capitalize on that but it's hardly an exercise in democracy because the militias still have the main control and are paid to particularly the militias aligned with political parties those forces are not capable of winning elections fairly so they're disrupting the elections and as a response i think i get an interview a lot of ordinary working people or people in the street during my visits people who are very very upset they think a new strongman is going to come to power which does not work they fought for a very do you feel that their revolution is being stolen western interference is an issue the u.s. and western europe or are very interested in maintaining the moral suppliers fro

that's how florida governor rick scott described the supreme court's ruling on health care.eld president obama's affordable care act. florida was one of the states challenging that law. so what's next for states like florida that wanted out? who better to answer that than florida governor rick scott himself. good morning, governor. nice to see you. >> good morning, randi. you know what is so disappointing is the issue we have in health care, it's a cost issue. it's not an insurance issue. this doesn't do anything to drive down the cost of health care. so we've got to rely on free markets to drive down the costs. this isn't going do it. so we're not going to implement it. we're not going to -- >> let me ask but that. the states still have options. one of them is on health insurance exchanges, and the other is the medicaid expansion. so you're saying that you're not going to implement either one. i'm curious as to why. >> no. let's first off talk about the exchange. the exchanges are not going to drive down the cost of health care. the issue is the cost health care. it's going

people have a role, and they have to follow that rule red. rick pretty smoothly, which we heard from one administrator of the hospital official. what are blast injuries? >> it is one eardrums get blown out, other organs may perforate from the shooting. it is a very scary and painful experience. it can be unnerving for the rest of a person's life. rick: we heard of some being shot at point blank range. have you treat something like that? >> i built a model to show you what that might look like. as all the organs are close together, the kidney, liver, spleen -- the bullet goes in and punctures the artery or heart. that person is not would have a good chance. if somebody gets for liberation from a gunshot, not to the arteries or the heart -- there is a good chance of survival if we do the right thing. that would look like a burnt over the skin and a big gaping wound, and it would come back in the back. it appears that it would go through the spleen. these become life threatening events. there are test we can do. a simple test as we press on the patie

. >>> florida governor rick scott says he was disappointed on the supreme court ruling on the health care and he is not going to implement that in his state specifically health care exchanges and the medicaid expansion. earlier i asked him about the decision. >> it does not work. i'm not going to put our citizens atprogram that does not work. we are not going to implement the medicaid expansion and the exchanges don't work, and if it did, the private sector would do it. >> both of those would be partially paid for by the federal government, but scott says that his emphasis is getting people back to work so they can afford their own health insurance without the help from the state. >>> now to new jersey where republican governor chris christie really lost his cool on a reporter. watch this. >> on monday, are you going to be addressing the legislature? >> am i staying on topic? are you stupid? on topic. next question. good. thank you. thank you all very much h, and sorry for the idiot over there. take care. >> he does like to speak his mind. he was holding a news conference about a wat

i'll talk with florida governor rick scott about why his state is ignoring the health care ruling. >>guppy has landed. carla, the hologram, is ready to help you. and chicago has a new taxi law for your stomach coming up in "cross country." >>> it is sunday, july 1. good morning, everyone. so glad you'reh

rule the fed out. we'll get to rod smith, raymond james, and rick santelli. good to see you all, thank you for joining us we we appreciate it. let's talk about where we go from here, if you were to further easing, what would that be in the form of? how much further can they go on rates? >> they touched the zero bound, interest rates are at zero until 2014. they could suggest they will keep them there longer, enlarge the size of the balance sheet, and do what they did yesterday which was to stop paying banks a quarter percent they keep the the fed to push banks to loan more money out. that has an impact on the mutual fund arena, but it's something they have at their disposal. >> what do you want to do from an investment standpoint knowing what we know from where the fed has been, knowing that we're heading into the earnings reporting season, what do you want to do with your money? >> i want to talk to investors like ever before, maria. retail investors have a really tough choice. they have a choice between government bonds which are a ponzi scheme, cash which

upheld key parts of president obama's health care law, florida governor rick scott said his it will take advantage of the court's rulingtates can opt out of the laws medicaid expansion. the court said in its landmark decision last week that states could choose not to expand medicaid to cover low income people, and that the federal government could not punish states by withholding medicaid funds. florida is the largest day so far to firmly declare it will take advantage of that ruling. florida governor scott also said the state would decline to set up a health insurance exchange under the new law, opting not to provide a regulated market where people can purchase insurance. more than one-fifth of florida residents currently lack health insurance. three peace activists are appearing in court today following their arrest last week outside the hancock field air national guard base near syracuse, new york. the three were among 15 people jailed for protesting u.s. drone attacks on thursday, but they remain behind bars for noncompliance with their sentencing requirements under a conviction for previous anti drone protest earl

. >> governor rick scott ran the largest private for-profit healthcare company in the u.s. he is vowing not to implement the healthcare law. the supreme court ruled the affordable healthcare law constitutional last week. >> ama: some dallas firefighters got step to honor a four-year-old terminal cancer patient. ♪ >> ama: members of dallas fire station 26 side-stepped, and clapped their hands, and silas took it in. >> alan: like that music you want to see. >> ama: love that. for a much better reason. >> leigh: the golden gate bridge today socked in just about all day long. here's a live look. this is from the san francisco side. those on the marin side actually starting to see some sunshine there. and the possibility of sun right now, tiburon, so some low clouds and fog starting to back off. you get a sense of that from the live doppler 7 hd. you can see low clouds and fog right near the coast. we'll take you in a little closer. you can see this -- the marin side of the bridge, seeing the sun. the san francisco side, still seeing a little fog, and its moving over towards berkeley, and daly city, san lee an dough, heyward, san bruno. moss beach, al

supreme court ruling on healthcare. florida governor rickthat his state will continue to fight it. attorney general pam bondi appeared on "america's newsroom" last friday with some reasons why. take a listen. >> we still believe it's unconstitutional. it is such an over reach by the federal government. you know, we have a federalist society and our founding fathers firmly believed that states should have the right to do what we feel is best for our individual state. and that's the biggest fear of this opinion, the biggest -- it's fraught with peril. gregg: we are pleased to have governor rick scott here in our new york studio. welcome to new york. >> nice to be here. attorney general bondi is doing a wonderful job. it's very disappointing what the supreme court did. this is going to be devastating for patients. gregg: explain to me why florida would opt out of medicaid expansion since the federal government in the early years is going to pay most of it. >> you just said it. it's $1.9 billion a year. florida taxpayers are paying federal taxes

and what's interesting, rick, is that the colorado statute says in order to proffer the insanity defense, the difference between right and wrong, that's the classic mcnaughton rule and also, prevented from forming the culpable mental state at that actually intend to kill, but what i love about the statute is the colorado legislature has made it very clear that passion growing out of hatred, anger, revenge, or evil does not amount to insanity. and what you've got in this county is a d.a., a female d.a., who has not been hesitant about seeking the death penalty in the past. so, it will be a very interesting process to watch. way too soon now. there's a whole host of other charges as it relates to what's inside that apartment in terms of you know, maybe domestic terrorism, federal statutes as it relates to the use of weapons, chemical weapons that kind of thing, we don't know yet. there's still a lot to be determined. >> 0 do you have on your show tonight? what are you lining up for later? >> welcome, as i tell you, we are going to be live here in aurora in this 100 whatever degree heat. we're going to be talking to people up close and personal to this, who were th

ruling related to the case involving voter disqualification. >> today president obama will return to virginia for a second day and rick santorum is now stumping not stop the president's visit to virginia. it was part of a two day swing through the battleground state he narrowly won in 2008. the president sent a clear message >> the outcome of this election will determine not only what happens next year or the year after but what happens in the next 20 years. >> saturday obama campaign released this ad featuring mitt romney >> he has a different idea, he invests in companies that have been pioneers of outsourcing. i don't want to pioneer outsourcing >> the presumptive gop nomination spent the day at his lake house in new hampshire. his onetime rival for the nomination, senator rick santorum, campaigned on his behalf for the first time. >> we must rally behind and do everything we possibly can to support gov. mitt romney says he is the next president of the united states >> senator robert portman gave the gop between media address. >> there is no denying the challenges america faces today are real and serious but i know we consol them with the

rick: like what is this. >> the old regulations. this is one i find amazing. the national labor relations board ruled that micro unions can exist within a larger work force. so for example, a big department store a few blocks from here rather than dealing with the entire staff, they now have a separate union for the women's shoes departments on the third floor and the fifth floor. the manager of that store, you're thinking, i've got to talk to one guy representing the whole staff. that's bad enough. now you have someone representing the women's shoe department. i guess there will be a men's shoe department union and maybe a tie department union. and this is just a complete bird's nest. this is one company. you see this multiplied all across the u.s. economy. >> rick: who is the worst offend whenever it comes to coming up with creating new regulations? >> i think it's probably hard to pick one. off the top of miff head, the epa is very bad. they're very, very busy at this. they came up with an amazing regulation that -- oil refineries are required to blend in one chemical. only one problem, it doesn't

rick. >> listen. >> good news. >> miling about anything that creates a healthier economy with sustainability and without tearing up various rulese live by in the society. >> good news with an asterisk. >> see below. the caveat and fine print. >> a suitcase of cash at the door. the segment was hijacked. >> thank you for being debbie downers. a little bit of reality. >>> the globe trotting back from vacation bob pisani with bad news for the winos out there. >>> plus, a dose of viral sunshine with a combo of cookie monster and pop music. and the foundation on which merrill lynch has been built. today, our financial advisors lead from a new position of strength. together with bank of america, they have access to more resources than ever before. a steadfast commitment to help you achieve your financial goals in life. that's the power of the right advisor. that's merrill lynch. mine was earned off vietnam in 1968. over the south pacific in 1943. i got mine in iraq, 2003. usaa auto insurance is often handed down from generation to generation. because it offers a superior level of protection, and because usaa's commitment to serve the

ruling coalition of netanyahu says that he has problems to deal with on the domestic front. political analyst kamel wall's name believes netanyahu is claims are nothing more than a writer rick aimed at improving his own standing. that has made it very clear that they are not going to use tourist in eastern europe to carry. against the really anything the iranian made very clear statement they're against killing civilians the weather is an israeli or other people but i think mr netanyahu always tried to play the reunion card down the hezbollah card to remind the international community that he has an enemy and it comes to the point because the nuclear file of the iranian always wanted to keep it on the spot light i think it's merely rhetoric and i wouldn't put a lot of money on what netanyahu. he's very good at what he does they're using there's a broad background game popularity inside of israel but i think at this point the region is on fire and i think the last things that every indian or hizbullah will take you know a shock value in israeli which clearly they will not target. israel iran and other countries and odds with the u.s. and europe could find themselves under a

governor rick scott in florida was the first one to refuse to exchange -- create health insurance exchange after the ruling came out. governor bobby jindal in louisiana has said the same. governor scott walker in wisconsin has said the same. other governors are making similar noise. 26 of them sued the federal government because the cost of the expansion was burdensome. you could get some of those, if not all of them will refuse to take on those costs. it is not that you need a governor to do this for you. remember, we are talking about states passing laws to implement a federal law. all that it takes to be read all these new federal entitlements is one committee -- de read all -- derail these federal entitlements is a state legislature, or a veto, and you begin to see just how vulnerable law is right now in the wake of the supreme court ruling. i think the public is likely to reward officials that do block the fomentation of this law. before the ruling, 70% of independents one of part or all of the law struck down. given that the courts invented slippery rationale and i will not say for upholding, they di

the new rules drive businesses of how or when to rick -- have a price risk.a dodd/frank implementation winds down. i asked my eight information be entered into the record. congress created statutory recommendation in dodd/frank. taken that approach of hedging that has five different definitions. clarity a is replaced with case-by-case considerations. antar affiliate's swaps have been used effectively to manage corporate risk while the commission recognizes the need to distinguish winners and they have margin , clearing and realtime reporting that would impose cost on to the consumers. we urge you to reconsider. with record-keeping it is proposed unprecedented record keeping records of to require all members to capture and maintain extensive records of all communications related to cash market transactions. dodd/frank was systematic of unregulated over-the-counter going the cash market is one step too far. requiring market participants to report daily on their positions compared to hedges in the market. we currently provide snapshot data but what the commissio

ruling. is the picture of the three big players in this. rick perry, texas, and rick scott, florida with secretary sebelius. guest: if you read some of the letters from rick perry, it reads more political than on policy. some people think is just looking towards more presidential ambitions. there's a lot more we have not heard from in the federal government on giving these directions. with medicaid, there is some time. a lot of people are thinking that the states will not have to decide until next summer they're going to expand. that is different point out from the health insurance expansions -- exchanges being set up in the health care law where the states really need to know by one week after election day of the state for going to move forward because this will be brand new. around the country. the state not going to move forward, they will set up the exchange in your state. host: phil galewitz, senior health care correspondent from kaiser news. he was a kaiser media fellow for one year before that. he has worked at the zoo is seated press in

rick: real quickly, doctor, i wouldn't ask you to betray any doctor/patient confidentialty rules buthearing from players that they're more concerned about this when they step out onto the football field? >> players are undoubtedly increasingly concerned about this and it's actually a very positive development in this field because they themselves are more concerned for their welfare. rick: dr. teena shetty a knew roll giflt and works for the giants. doctor, thank you for coming on and talking about this important story. >> my pleasure. jenna: bees in huge numbers can be deadly. where firefighters were called in to break up a beehive and what happened there. >>> plus what the candidates are telling voters and what the voters are paying attention to in the 2012 campaign. [ male announcer ] this is anna, her long day teaching the perfect swing begins with back pain and a choice. take advil, and maybe have to take up to four in a day. or take aleve, which can relieve pain all day with just two pills. good eye. rick: a tough outcome after a swarm of bees attack as neighborhood in phoenix.

"time" magazine's editor rick stang el is standing by. soccer gets some new rulesechnology. >>> president obama kicked off a bus tour today. and he's urging supporters to keep fighting in that key battleground state. listen to this. >> it's easy sometimes, i think, to lose interest and lose heart when you hear what's going on in washington. and i'll be honest with you, i think there are some folks who are betting that you will lose interest. i'm betting you're not going to lose heart. i still believe in you. i'm betting on you. and the country is betting on you, ohio. >> critical battleground state, ohio. joining us now is "time" magazine editor rick stengel. you heard the president there saying people are losing interest with what's going on in washington. here's the question, do you think the obama campaign is deeply, deeply worried about what's called voter fatigue? that they've lost the glimmer, shall we say, of the 2008 campaign? >> well, wolf, you can only be the first african-american candidate for president one time. now he's the president. he's campaigning

ruling and efforts to repeal the law. that is raising questions about how the issue will play out. joining me now, democratic govern nor and ted strickland of ohio and rick. good morning. >> the latest polling shows while most don't approve of the decision to uphold the mandate, the majority do support the law itself. actually the issue of repeal is mixed. should the president leave it alone or does he need to continue to make the case for the individual mandate? >> i think we should make the case. the president should press forward. the individual mandate as we know was mitt romney's idea. he implemented it in massachusetts and it's working well in massachusetts. chris, one of the things that bothers me about the congress having this vote to repeal obama care is that the people casting that vote, the republicans are themselves receiving taxpayer subsidized health care. i think really to be fair, if they want to take health care coverage away from 33 million americans, they should at least give up their own subsidized health care. >> sorry there hypocrisy on the part of those who get health care and continue to get health care? >> except what the governo

governor rick scott in florida was the first one to refuse to exchange -- create health insurance exchange after the rulingame out. governor bobby jindal in louisiana has said the same. governor scott walker in wisconsin has said the same. other governors are making similar noise. 26 of them sued the federal government because the cost of the expansion was burdensome. you could get some of those, if not all of them will refuse to take on those costs. it is not that you need a governor to do this for you. remember, we are talking about states passing laws to implement a federal law. all that it takes to be read all these new federal entitlements is one committee -- de read all -- derail these federal entitlements is a state legislature, or a veto, and you begin to see just how vulnerable law is right now in the wake of the supreme court ruling. i think the public is likely to reward officials that do block the fomentation of this law. before the ruling, 70% of independents one of part or all of the law struck down. given that the courts invented slippery rationale and i will not say for upholding, they did

we just need simple rules to filter out the latter that far group. back to you. >> rickery about this. >> i think rick and i are both speaking about this. they need people in there that have traded in chicago, worked in the industry, that know how to do an audit. if you have to do an audit, you better know what you're looking for. that's why that survey although it may be a slanted question to basically go after people. >> it brings up interesting points. >> back to where -- i mean, we just keep going back to these places where the confidence of the capital markets are going to continue to be eroded. >> up next, why investors expecting a lack lust earnings season may be pleasantly surprised. back after a short break. >>> second quarter earnings season has begun. with growing concerns about china, europe, and the labor market here at home, what can investors expect and for the rest of the year? we're joined by steven whiting, u.s. economist at citi. you say no euphoric results but you are expecting beats like we saw with alcoa. >> the second quarter in the united states w

rick and blunz wick maryland getting rain. then out towards the blue ridge just spotty showers. moderate rain now south of fredericksburg. a little bit heavier rain. so saturday showers, that will be the ruleoday. overnight tonight really just a cloudy stretch. most of the rain will be done with this by about sunset this evening. then tomorrow a few breaks of sunshine. a good day to travel to the beach today. better sand weather for tomorrow and the better of the three days will come up. today mostly cloudy skies, passing showers through the front half of the day. highs holding in the upper 70s making it our coolest day in more than a month. then breaks of sunshine will allow for a warmer day. tomorrow's rain chances will be in the second half of the day. there you go. the all-important seven-day forecast. 79 today, 86 tomorrow. back into the mid-90s for monday and tuesday. then after that a little rain chance. standard issue late july weather. low to mid-70s. i'll be tweeting updates on the forecast throughout the course of the day. chuck bell 4 on twitter. that's the address. >> we'll follow you. >>> with just six days until the opening ceremony london is preparing for top notch security

rule back eligibility. we see the pictures flanked by photos head shots of her and governor perry and governor rick scott of florida. >> guest: states have been clear about that that they can't afford it. some people think if you read the letters that rick perry sent to the feds is reads more political than policy and others raise the question is he looking for the next presidential ambition four years from now, and the feds have given some answers to states, but, again, there's a lot more that we have not heard from with the government on the direction, and there is some with medicaid, there is time. states need to know soon, but people are thinking states won't have to decide until next summer if they are going to extend medicaid. that's the difference from the health insurance exchanges where they are set up in the health care law where the feds really need to know by a week after election day if the states are going to move forward with the exchanges because that is a brand new thing around the country, and if the states are not going to move forward, the feds have said we'll set up exchanges in your st

medicaid expansion because the court ruled that states couldn't be forced to do it with the threat of losing all of their medicaid. and these are some familiar names, ricka and scott walker in wisconsin and nick a nikki haley in south carolina. you can't walk away from 100% funding and $9 billion in the case of louisiana, without getting hit for it. i think what's interesting who the republicans are representing or who they're concerned about. one of the other things we are seeing happen at the same time, there is a great "times" article about this. let's remember, the republicans ran on $500 billion in cuts to medicare as the one sentence description -- >> of obama care. >> of obama care. particularly for norman thom because you have this book about this kind of ideological extremism. we concede too much if we say it's ideological extremism. not actually a debate over the size of government. it's not government gets bigger or smaller. it got bigger under bush and the republicans. i guarantee you. it's about who it benefits. a much different conversation. >> it is a much different conversation. but i actually think the ryan budget, which, by the way, in