Showing posts with label Obamath. Show all posts
Showing posts with label Obamath. Show all posts

Monday, July 01, 2013

Saturday, March 30, 2013

Government take over of health care is increasing costs for all

Health and Human Services head Kathleen Sebelius (I'm embarrassed she an Ohioan—our former governor’s daughter) now admits the government take over of health care will raise costs for everyone. She underestimates, in my opinion; apparently she doesn't see those "subsidies" as costs to us, only as “rich benefits” to the formerly uninsured. Regulation is affecting every facet of the economy and raising costs even more. Insurance costs are soaring, and the big kick in hasn't even started yet. California increase 60%. Washington 51.9%. The young voters who supported Obama will really be kicked in the teeth. What a mess. http://www.humanevents.com/2013/03/27/hhs-secretary-finally-admits-obamacare-is-raising-insurance-costs/

Tuesday, April 10, 2012

What a shocker—Obamacare will cost much more than estimated!

Charles Blahous of Mercatus Center at George Washington University has some news about Obamacare that Republicans already knew and Democrats will deny, and the White House will find a way to blame on Republicans. Realistically, have you ever known a government program that didn't cost way more than estimated or confirmed, whether it be a war or a welfare program? Right now, the WH is hiring thousands of IRS agents which are part of Obamacare. How will that help your health? It's the Full Employment for Government Workers Act.


Let's cut to p. 45 of the report--the conclusion: ". . . despite the fondest hopes of its supporters, the passage of the ACA unambiguously darkens a dim fiscal picture. . . expected to increase federal spending obligations by more than $1.15 trillion. . ."

People—listen up.  This was never, ever ever about saving money on health, or providing better health care, or covering people who currently don’t have health insurance.  It was always about the government taking over a huge segment of the economy.  Period.

http://mercatus.org/sites/default/files/publication/The-Fiscal-Consequences-of-the-Affordable-Care-Act_1.pdf


Cost of the IRS agents: Half a billion dollars, paid for off-the-books by taxpayers through a massive $1 billion Health and Human Services slush fund that got tucked into the bill. Investors.com

Sunday, December 13, 2009

Creating jobs and wealth

Congressman John Campbell (R-CA) at Townhall wrote about how Obamanomics (saving and/or creating non-existent jobs) could work in real life using the Obamath. He gave an example of “saving” calories he could have eaten but didn't, and how he could gain weight. He asked his constituents for examples and thought this one the best.
    Dear John:

    Using Obamamath, I've just saved, nay, created a great deal of money. How? I had wanted to buy a new Lamborghini Gallardo roadster so that I could drive to the White House to personally thank our beloved President for all that he is doing to save us from financial ruin. The trip, via New Orleans in order to view the results of former President Bush's failure to forestall Hurricane Katrina, would have been an approximately 6,000-mile roundtrip.

    I didn't buy the Lamborghini, as it wasn't manufactured by Government Motors. I not only saved (created) some $243,000 (including tax) by not making this purchase, but I saved (created) an additional $1,500 by not purchasing fuel for the trip.

    Since both the Gallardo and its fuel would have been imported, I'm sure that the Governmental Accountability Office would classify these as "green" savings.
    Thus by not buying a Lamborghini Gallardo, and not driving it to visit our President, I will have created a total of $244,500 in Green Savings. Not bad for an amateur!

    But think for a moment: If each of the approximately 4 million families who live in Barack Obama's Illinois and Joe Biden's Delaware were to NOT buy a new Lamborghini, and NOT drive to the White House (via New Orleans), we would create an additional $1 trillion in new Green Wealth. Now that's Obamawealth with a vengeance!