ABC11: Gov McCrory signs bill in private ceremony blocking fed $ for health care (video)

Late Wednesday afternoon in a private ceremony closed to the press and the public, NC Governor Pat McCrory signed a bill that blocks NC from accepting billions of federal dollars to provide health care for 500,000 NC citizens. It was left to John Hood of the conservative John Locke Foundation to defend the McCrory’s rejection: “Once they put all these folks into Medicaid, they’ll never come out.”  Check out ABC11 Jon Camp’s story:

YouTube Preview Image

5 Comments

  1. Doug

    March 7, 2013 at 3:59 pm

    Don’t forget to note how much sense it makse when you look at the national picutre. Here are some relative statistics comparing 2007 to current data. We have really fallen far and NC has been at the forefront of the fall.

    •Dow Jones Industrial Average: Then 14164.5; Now 14164.5 (For now)
    •Regular Gas Price: Then $2.75; Now $3.73
    •GDP Growth: Then +2.5%; Now +1.6%
    •Size of Fed’s Balance Sheet: Then $0.89 trillion; Now $3.01 trillion
    •US Debt as a Percentage of GDP: Then ~38%; Now 74.2%
    •US Deficit (LTM): Then $97 billion; Now $975.6 billion (WOW)
    •Total US Debt Oustanding: Then $9.008 trillion; Now $16.43 trillion (WOW again!)
    •US Household Debt: Then $13.5 trillion; Now 12.87 trillion (at least there has been some progress)
    •S&P Rating of the US: Then AAA; Now AA+

    We are essentially broke and would be unable to afford more Medicaid I guess the government just will never understand. I presume progressives will never understand either, according to these statistics we would have been faced with a train wreck when the Feds went bankrupt and pushed the liability to the states. At least in this situation we will have many years of not funding the program to save up for when the bubble bursts. (You do realize we are now in a government bubble that is exponentially larger than the housing or tech bubbles?)

  2. david esmay

    March 7, 2013 at 6:15 pm

    Let’s not forget where we were at the end of George the dullard and the GOP’s reign.
    Dow: 8,776, on it’s way to 6,547
    Reg gas, $4.21 a gal., over $3.00 his entire second term
    Pres. Obama inherited a Nat. debt of 85.2% of the GDP
    Economy shrank 8% Bush’s last year.
    GDP growth Jan. 08, -1.8, by Feb 09, a whopping -8.9%
    National debt increased 105% under Gov. Bush.

    The GOP, a disaster all around, no doubt about it.

  3. Doug

    March 7, 2013 at 6:58 pm

    dave,
    You got to get up on this thing called Google. It puts great information at your fingertips.
    Dow not below 10k in the 2005-2008
    https://www.google.com/finance?q=dow&ei=EiQ5UcmaGZiwlgOoDA

    Gas prices from EIA weekly were nowhere near your $3 blurb, looks more like $2.50 to 2.60 average with only about 12 mos. over $3:
    http://www.thriftyfun.com/tf19814840.tip.html

    National debt was actually around 79% with debt at 10 trillion on GDP of 12.6 trillion.

    At least you can get GDP stats right. Good thing to choose the housing bubble crash the Democrats caused (community reinvestment acts and “diverse” lending requirements) as your starting point, but your messiah has not had more than 2 quarters of growth that approach the growth in one of the quarters when we were on the way down.
    http://www.tradingeconomics.com/united-states/gdp-growth
    http://www.indexmundi.com/g/g.aspx?c=us&v=66

    National debt up 79% 2000-2008 thats eight years you know. We are up 60% in four since 2008. WOO HOO good fiscal responsibility! Lets forecast that out another four years and we can have $25 trillion in debt! I will let you do your own cipherin’ from this web page: http://www.treasurydirect.gov/govt/reports/pd/histdebt/histdebt_histo5.htm

    Guess we are hurtling toward an apocalypse if you compare Barry to Bush! Oh and lets get off this inherit thing. Bush inherited Clinton’s recession, Barry inherited his situation, then inherited the hole he dug in 2009-2011.

  4. Alex

    March 8, 2013 at 9:57 am

    Math and economics were not a strong subject for esmay in school evidently. My grandfather used to say if you don’t know much about a subject, don’t always be talking about it.

  5. Doug

    March 8, 2013 at 10:42 am

    Alex,
    These guys all went to the progressive school. If you say it enough times, it becomes true. That is especially true when you also have the media in lockstep behind you.