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When a Medicaid expansion acquired by Obama -- it's gonna be a big topic for today's governors meeting in Williamsburg Virginia -- Barton that Peter Barnes is actually very.
I had to special guest Peter.
That's right Charles joined now by governor Terry Branstad.
Republican of Iowa governor thanks very Fox Business.
So -- so what is the big agenda item here for the governor's.
Well we're really focusing on what governors are doing in their states to attract business and jobs getting our State's financial house in order.
Reducing the size and cost the government and focusing on reducing tax and regulatory burdens so business people feel.
Confidence in investing and creating jobs.
And many governors have been very successful -- that.
Unfortunately the federal tax burden this federal regulatory burden.
Is an impediment that we need to see change as well you joined above -- a lot of other Republican governors and the lawsuit against president Obama's Health Care Reform plan on the Medicaid expansion of Medicaid.
You one now what.
Well -- first of all it's unaffordable and unsustainable.
We have -- federal government has increased the national debt more than a trillion dollars every year that Obama's been president.
We have a sixteen trillion dollar national debt 40% of the money they're spending is our money and what do they wanna do embark on a new entitlement program -- another.
Seventeen million dollars to the Medicaid role.
Already Medicaid is one of the biggest.
Entitlement programs and most expensive to book the federal and state it's unaffordable unsustainable.
And we don't want to buy into it because if you do then it's you're required under maintenance of effort to pick it up.
If we see the federal -- at least make these false promises before.
They did in special led and they give us all the mandates and now the taxpayers of the states have to pick it up.
This is wrong we know it's unaffordable.
We don't want to make false promises instead I have a better approach in Iowa.
We're working with a private sector in a public private partnership said the goal being healthy state in the nation.
Hi -- foods -- got.
Labeling of their foods on on their -- Base includes nutrition value so you can choose the most nutritious and and then also.
We're focusing on blue zones and trying to get communities to look at what they get any individuals take ownership of their own health.
Focusing on nutrition exercise not using tobacco product this is how we think it needs to be done in a public private partnership and not the federal government saying.
We're gonna pay for -- because we know they can afford it.
Look what happens when.
With -- Federal Reserve is Presley kept interest rates rock bottom but with a sixteen trillion dollar national debt every 1% and interest rates go up.
That's gonna increase the federal obligation on the national debt another 160 billion dollars -- that's the last thing we ought to do is embarking on a new entitlement.
When our country is in dire financial straits governor Terry Branstad of Iowa thanks for joining us our Fox Business Charles back to you thank you very much -- at some great stuff there the high.
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