How South Carolina “Shrunk” Its Budget By $1.5 Billion
HINT: IT DIDN’T SHRINK ANYTHING … South Carolina’s state budget for the coming fisYou must Subscribe or log in to read the rest of this content.
HINT: IT DIDN’T SHRINK ANYTHING … South Carolina’s state budget for the coming fisYou must Subscribe or log in to read the rest of this content.
27 comments
It seems ALL of FITS’ hammers used to bludgeon Haley are liberal federal programs that are, and have been, wildly out of control for decades, thanks to democrats…
Save it FITS: The Federal Government forces Welfare, Medicaid and Food Stamps, among others. The fact that Republicans are charged w/ managing your folly, hardly is a legitimate reason for you to remove her, and replace her w/ a democrat, the original source of waste and failure……
Eliminate liberal hand-out programs, w/ democrats…otherwise STFU….
Then, what would happen if you lost your Medicaid, Tango??
HaHa!
They learned that trick from the Feds in how they treat the SS budget. It’s why on geniuses come on saying “But Clinton balanced the budget!”
LMAO!
Well just think how much it will change once they accept Medicare expansion.
SC REJECTED it, you Dumb@$$…it’s why Haley is slated for re-election…
Seriously, if Haley wants to expand Medicaid, do it for real, and have it 90% paid for by the feds.
“and have it 90% paid for by the feds”-*
*for three years
The “three years” part applies to how long it is fully (100%) funded. The 90% funding is not set to expire.
http://www.medicaid.gov/AffordableCareAct/Timeline/Timeline.html
I suppose you don’t see the ongoing Federal deficit spending or debt monetization as a problem the, correct?
I suppose to you the ongoing magic money machine can last indefinitely, or you think that somehow someone is going wave a magic wand and make it go away.
The Feds are going to shovel the shit, and the states are going to get buried in it…
Ask yourself Smirks, would sign a deal with some paying your bills for three years and as long as you run them up with no guarantee for future payment after?
SCOTUS ruled that states have the option to opt out of the Medicaid expansion, that the Feds cannot force states to take it. It stands to reason that if the Feds changed what they were willing to chip in, then states who chose to expand it could obviously jump ship later on.
If someone paid my bills for three years and then told me to pay them 100% myself, I still would’ve gone 3 years bill-free. How much is Haley’s expansions costing us?
“I still would’ve gone 3 years bill-free. How much is Haley’s expansions costing us?”
You are conflating two separate issues.
If Haley takes the money, the expansions are larger than they already are.
It’s all unaffordable. If you’d really take a deal to run up your debt with someone service the payments for three years(but not paying it off-just servicing), then you are not as smart as I was inclined to believe.
It is unaffordable, even though most of our peers have some form of universal health care?
The Medicaid expansion will cost a lot of money, which is why other parts of the ACA offsets those costs.
As far as I’m concerned, Haley is expanding Medicaid at a direct cost to SC taxpayers, so we are paying for an inferior expansion when we could be getting a free trial of a far better one, not to mention a huge discount once we actually have to directly pay for it. If it does raise the deficit, that should be handled by the feds, and the states should react to any changes produced by the feds accordingly.
“It is unaffordable, even though most of our peers have some form of universal health care?”
I suppose with that reasoning, if most of your neighbors have a new Mercedes in their driveway and you work at McDonalds you just haven’t found a way to shuffle your budget around to make room…so to hell with it…just go out and buy one anyway, right? The money fairy will always be around to pick up the tab a few years from now.
No need to even look at a balance sheet.
I’m with you Bo
The HELL with them poor bastards!Tough damn luck!
Eat a dick Koch.
Wrong idiot. Several states are already in trouble because of the huge number of medicaid sign ups for Obamacare.
She’s real good at expanding things….like her ass by 300%. Step away from the fork, girlfriend.
Most every government entity in the country plays this way with the books and so does the Federal Government.
On top of that anytime you have a government entity claim they are cutting taxes they add them somewhere else. There is a move on to cut state taxes by getting them from somewhere else to save taxes on homes. Who benefits from this the rich with luxury and more than one home.
All of government be it Democrat or Republicans screw the working class person.
That’s a lot of outhouses and shit-shovelin’!
+10 x 5 .. hah!
My CPA knows that the best method is to —-
Debit:….Tomatoes
Credit:…Okra
I say to the good citizens of SC……take Will Folk’s lead and dump Nikki.
I think you mean to say “Will Fold’s lead, take a dump on Nikki.”
This is Standard Operating Procedure for most governmental entities, and large companies. You play with the accounting and what is carried where on the books until you get them to look like the higher-ups want them to look and so you can “claim” to do more with less.
I’ve prepared budgets for a small department (around 100 employees) in a Fortune 500 company. It’s a nightmare of inefficiency mixed with feel-goodism and just stupidity.
If it is on the Federal budget, why should it also be on the state budget. It is not being spent twice. If you were to total Federal and state spending, you would get exaggerated numbers. Besides there is no Food Stamp Assistance Payments. They replaced it with Supplemental Nutrition Assistance Program (SNAP).
Ever hear of inflation and just how much of this increase is state $$$. Sometimes you are really amazing at the BS YOU,CAN put out
What in the world happened to GAAP? The last time I checked, 1+1=2, not -4. I guess they teach Political Science Accounting Bullsh*t (SCAB) in lieu of Accounting 101 when politicians are in college.