federal spending, but there are consequences to that. it certainly means fewer people covered under the program. jon: if the states are getting block grants to cover their own people, doesn t that essentially do the same thing and perhaps, the idea being, it s a more efficient route? the first thing to understand about this per capita allotment system, it is not exactly like a block grant. it was actually first proposed by president bill clinton in 1995 as an alternative to the block grant proposal that newt gingrich put forward in that year. this is an idea that actually comes from centrist democrats, not from the radical right wing. the idea here is that that per capita allotment can follow the patient. a big element of free-market thinking on healthcare is put patients more in charge of the healthcare dollars that we spent on their behalf. if we do that, you ll have much more innovation, better quality, lower cost, and that is what republicans are trying to do. this medicaid ref
cobble together something that works for citigroup and it goes down, i ll be one who presides over another great depression. remember it was fanny and fred die and city citigroup and a whole host of other banks, ways to try to fix this without public intervention. he talks about the realization he was going to be forever knowns the guy behind the bailouts and how shocking it was. it came to him walking through the reagan library working through the citigroup stuff, the temple of free market thinking. he says there was no other alternative. he says, i asked him many times about the criticism about his ties to wall street and goldman sac sachs, we have logs of the phone calls. he worked at goldman for three decades. yes, he said those ties