Texas Medicaid Disaster. 1 in 6 Texans on Medicaid. $24.6 billion per year.

“The federal entitlement program with the insatiable appetite that Friedholm took over in late 1992 ate a total of $6.3 billion that year. In those years the Medicaid budget grew by about $1 billion a year. By 2009, the Medicaid hunger in Texas had grown by nearly four times to $24.6 billion, gobbling up a little more than one in every four dollars in the state budget.

The Texas Department of Health and Human Services projects the annual feeding frenzy to grow by about $3 billion in each of the next two years. Even if the Legislature passed a more austere budget for 2011-12, the percentage of state spending devoted to the health insurance program for the poor is expected to increase, albeit more slowly.”

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Leaders are Supposed to Lead. Cut Entitlements. Gov Chris Christie.

Quit playing political games. It’s time to cut entitlements … time to balance budgets … time to man-up!

Time to reform social security, medicare and medicaid … he said it and he didn’t vaporize. The dude tells it like it is!


 


42% of Federal Budget for Social Security, Medicare, Medicaid

Social Security, Medicare, and Medicaid already absorb 42 percent of the federal budget. They are growing by an astounding rate of 7% of the budget every year!  Do the math yourself, how many years before they alone will engulf the entire budget? It calculates out to about 8-9 years. The entire economy would collapse before then as there would be no money for the Defense Dept, interest on the debt and all other government expenditures including paying salaries of government employees. Obviously unsustainable.

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