The plan with Obamacare was always to increase the power of the federal government. This “tax” in conjunction with other taxes and regulations has crippled the economy while increasing tyranny. The correlation between English rule and abuses leading to the American Revolution is clearly evident. The only difference is that we should have revolted several years ago. Do you think the government is preparing for revolution (under the misnomer “civil unrest”) with their proposals to disarm the people?
David DeGerolamo
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The latest dilemma facing economists is why “unequivocally good” low oil prices haven’t sparked excuberant consumer spending across America. We have discussed the simple (though awkward for the establishment) answer many times – soaring costs for ‘shelter’ and healthcare have hoovered up every penny saved (and more); and now, a new study proves it– exposing the reality that many Obamacare customers pay more than 10 percent of their incomes toward coverage (and some paying considerably more).
The shocking findings show that, as CNBC summarizes, One in 10 Obamacare customers who earn between just two and five times the federal poverty level will have coverage costs that exceed 21 percent of their incomes, an analysis by the Robert Wood Johnson Foundation and the Urban Institute found.
I agree, there is a world of pain coming.
Ya well I just got a quote for health robbery, er I mean insurance and with a $13,000 deductible it was $21,300 per year. Absurd does not begin to cover it.