The 2014 '30 Under 30'

Congrats to this year's 30 -- check out the full list here!

Rand Paul: Obamacare will bankrupt states

Rand Paul

Sen. Rand Paul (R-Ky.) doesn’t just think that Obamacare will take a financial toll on small businesses and individuals. He believes that it will actually bankrupt states.

Paul’s bleak and dismal comments Wednesday night on Fox News‘ ‘Hannity‘ outlined the aftermath of Obamacare, describing the President’s healthcare plan as “worse than anyone could imagine.”

“I think [Obamacare] will lead to bankruptcy in the states that are fully embracing it,” Paul said.

And with the current condition of its finances, the federal government is in no position to help American states that wind up facing bankruptcy. Or cities like Detroit, for that matter.

“Well, you know, we don’t have any money at the federal government to send [Detroit],” Paul said on ‘Hannity.’ “You know, if we were in a big surplus, maybe we could have a discussion.”

Last week, Paul said that Obama is “bailing [Detroit] out over my dead body because we don’t have any money in Washington.” By bailing out Detroit, the federal government would be setting an impossible precedent that the government simply can’t afford.

And the staggering cost of Obamacare will only put more American states and cities in tough spots financially.

Paul also chastised Senate Democrats for delaying the employer healthcare mandate until after the 2014 midterms, saying that the Left is only delaying it for “political purposes.”

“Why are they delaying it beyond the 2014 elections?” Paul asked. “Because they’re afraid people are going to be scared to death and alarmed at the price of their insurance and what it’s doing to state budgets.”

Employers will have the option to just pay a penalty instead of purchasing insurance for their employees. While that penalty could in fact be cheaper for the company, Paul said it would leave many individuals without a clear, affordable path to healthcare after all.

“A lot of people who have insurance currently may lose their insurance,” he said. “So I think it’s a disaster.”

Paul  said that he is standing with his fellow Republican Sen. Mike Lee (Utah) in his last-ditch effort to defund Obamacare by refusing to vote on any continuing resolution which would provide funding to the President’s healthcare plan. Lee’s plan would continue to provide funding to the government, with the exception of Obamacare.

 

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