Watch this excellent rundown of ObamaCare by Krauthammer and see what the results will be within the next year. It’s a little less than 5 minutes but well worth your time:
Krauthammer: The big picture I think is that within the 12 months we’re going to have a raging national debate on something I think no one has talked about and that is a national sales tax.
Yup….as soon as the supposed “savings” and “deficit reductions” of ObamaCare are proven to be false, which will be sooner rather than later, the taxes will come our way. Something we have been warning about for some time and something which will slow our economy down even more and thus will begin the cycle we might very well have to get used to unless we throw as many Socialist Democrats out of office this November.
A sneak peek? Look how well a country with Socialized medicine and the VAT is doing:
Just weeks before the country is due to go to the polls, the Chancellor warned the well off that they must pay their “fair share”.
Such is the scale of public debt, which Mr Darling forecast would rise to £1.4 trillion in the next five years, he was unable to announce substantial tax breaks or giveaways aimed at attracting voters.
Instead, he was forced to reveal a series of measures that would raise money.
And that’s not the worst of it. ObamaCare now makes it more attractive for businesses to just slow their growth, and slow the increase of salaries.
• Businesses with fewer than 25 employees that pay an average of no more than $40,000 will get a tax credit – up to 35 percent of the company’s share of their total health care premium.
• Companies with 26-49 workers are unaffected.
• Businesses with 50 or more workers must offer coverage or pay $750 per worker. That penalty applies for every employee if even one signs up for government-subsidized insurance.
But there are potential problems. Case in point: It would be much cheaper for Dick Bus to drop the generous coverage he now offers and take the hit at $750 a head for his 120 workers. The penalty would be $90,000 a year. He’s currently spending $480,000.
Bus would save $390,000, but canceling his plan would force his workers to the health plan exchange and could cost more than they’re paying now. The Senate is considering an increase in the $750 penalty to prevent that scenario.
More on the salary angle:
….small businesses only become eligible for the credits if their average salary remains below $40,000. That means a decision to give raises not only carries the cost of the raise itself to the business, but also a potential loss of that 35% subsidy ObamaCare grants. This will have the overall effect of suppressing salaries and putting experienced workers at a disadvantage in hiring decisions. It also provides an incentive to keep the workforce under 26 people; the 26th hire eliminates that 35% subsidy as well, making it a very expensive new position.
It’s quite sad really. We may all be witnesses to the decline of a great country. We have weathered many threats, many dangers, and many difficult times but this might very well be the decline we have all feared unless we have the fortitude, willpower, and strength to stop it.
I’m just not sure the growth of the “me too” entitlement crowd can be turned around anymore.
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