Time Magazine Figures Out What We’ve Been Saying All Along…

Time magazine is now getting around to the realization that the millions of new Medicaid subscribers that have signed up in the Obamacare rollout is going to create a massive fiscal issue. I quote…

“Congress has shown no ability to reform Social Security or Medicare. With ObamaCare adding to Medicare spending, we are picking up speed on the road to insolvency. The Congressional Budget Office projects that, in part because of ObamaCare, Medicaid spending will more than double over the next 10 years, topping $554 billion by 2023. And that is just federal spending.

State governments pay another $160 billion for Medicaid today. For most states, Medicaid is the single-largest cost of government, crowding out education, transportation and everything else.”

We’ve said this many times. In April we wrote, “Medicaid is already taking 22% of the state’s budget and that number is going to continue to expand until someone stops the expansion or the system implodes. And stopping this can only happen when the states stand up and say NO. It is only a matter of time before this program goes under and we should be preparing our citizens for that day, instead of lying to them and kicking the can down the road.”

It is funny to see the MSM finally catching up to what Tea Party groups have been saying for months and months…

Typical.