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Not only -- the United States -- the debt ceiling today.
Looks like we're going to crash Willy Wonka style right through the roof the former Kansas governor Mark Parkinson is back with us for our first on Fox Business interview warning.
That the market sir overestimating.
This combed by -- moment where lawmakers would have the ability to actually reach an agreement on this issue and he joins me now.
You think this might not happen and that it's a dangerous situation to -- We're solving this debt limit as much harder than I think the market realizes you know we had a hard time just keeping government open last month over 38 billion dollars.
The disagreement this time it's over two trillion dollars the difference is enormous and I think when you look at the market it looks like the market is pricing them.
A last second solution which frankly will probably happen but I don't think it's all that clear right now there's not a clear path and DC to how we actually -- enormous gap.
I'm glad you're with lesson and -- wanted you here because not only did you run the state of Kansas as a governor but you also run businesses.
You really want a big health care business and you're you're also had lobby you know you -- for the industry as well.
And therefore you've -- both sides of all of this.
What happens and it had.
I've looking outside on sixth avenue cars are already at work at the sky isn't falling right yeah tablet feel like to hit the step limit that we had today.
Well it's gonna if not they're nothing's gonna change.
Until we get to the point where we don't have any more money and we actually have to -- -- -- when we're default it's everything will be a normal tell my caucus second.
And then that there will either be a global solution and if that happens I think the markets will take it very very well.
Where there won't be a solution will have a default and if you believe chairman Bernanke that we'll have incredibly bad ramifications.
OK so obviously the Republicans say it will raise that ceiling if you -- one for one make sure you cut one dollar for every one dollar that's raised if you had to cut.
Three thanks bite off the bat what would they be -- -- you've run a state we like to hear from governors could you have to balance your budget.
Yeah let me give you some -- -- for three -- -- quick first offense that we all are very patriotic and -- -- -- -- -- -- our military but even Secretary Gates has said that there are billions of dollars that we can cut.
I think we should listen to him and take those cuts.
Second -- Social Security when we enacted social security life expectancy was fifteen year shorter than it is right now.
We need to raise the age and we need to means test so that we can extend that program.
And I think virtually agree with me there's just a fair amount of waste in government we just sat across the board you've got to say three to 5% -- -- agency.
It would be painful but I will tell you from firsthand experience that -- can be accomplished.
Well you in the health care industry don't know that this is that gigantic weight turn on the shoulders capitalists with the with the world on the shoulders in the world.
Is the medical system here in the United States.
You run nursing homes.
Our our assisted living homes and -- actually asking for an exemption.
Of the Obama health care plan.
What does that say about the ability of the Obama -- clear plan to really succeed for all of this well.
What we have to do is we have to cut down health care cost if we don't do that -- -- but -- problem at all.
In the way that we do that I believe the start right now we have incentives or services services services we need to change to a payment system that is based on quality and outcomes.
Take your view -- the the entrepreneurial spirit of your view worse.
And T get them involved in figuring out how to take care people better but with less test and less length of static and that's the way we solve the problem.
And and do you think that the the health care plan that was passed would save some money.
You know secretary Sebelius is on the right path and getting rid of or phasing out -- fee for services and changing to a payment system based on quality and performance and that's really what we need to do whether this is a complete solution not only time will tell but it is very clear that we have to take some serious and I can't make -- a meritocracy -- -- -- governors with us the whole hour we've got 39 minutes before the closing bell -- -- down.
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