FACT Report: February 6, 2012

Robbing Peter to Pay Paul (February 6, 2013)

The saying that it does no good to “rob Peter to pay Paul” certainly applies to whether Tennessee’s legislature should expand Medicaid to more people under ObamaCare.

The problem was highlighted by hospital executives warning that without the money from the Medicaid expansion “some hospitals face closure,” particularly rural hospitals.

That may be true, but the federal government has no money to pay for the expansion!  It is already borrowing over 40 cent of every dollar it spends.  So, by expanding Medicaid, the state is robbing Peter – the federal government – to pay Paul – the hospitals.   It looks like either the hospitals can go broke or the federal government can go broke keeping hospitals from going broke.

The bottom line is this: it’s past time for government at every level to get serious about our national spending problem.

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Nashville Scene: I’m leaning toward “Haslam implements the medicaid expansion”