Author Topic: Another $17 trillion surprise found in Obamacare  (Read 863 times)

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Offline Ptarmigan

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Another $17 trillion surprise found in Obamacare
« on: March 30, 2012, 02:58:22 PM »
Another $17 trillion surprise found in Obamacare
http://dailycaller.com/2012/03/30/another-17-trillion-surprise-found-in-obamacare/

The hidden shortfall between new spending and new taxes was revealed just after Supreme Court justices grilled the law’s supporters about its compliance with the Constitution’s limits on government activity. If the court doesn’t strike down the law, it will force taxpayers find another $17 trillion to pay for the increased spending.

The $17 trillion in extra promises was revealed by an analysis of the law’s long-term requirements. The additional obligations, when combined with existing Medicare and Medicaid funding shortfalls, leaves taxpayers on the hook for an extra $82 trillion in health care obligations over the next 75 years.
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Re: Another $17 trillion surprise found in Obamacare
« Reply #1 on: March 31, 2012, 07:30:58 AM »
ObamaCare: Bending the cost curve down...

...around and up your ass
According to the Bible, "know" means "yes."

Offline indago

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Re: Another $17 trillion surprise found in Obamacare
« Reply #2 on: May 30, 2012, 10:35:07 AM »
Quote
The hidden shortfall between new spending and new taxes was revealed just after Supreme Court justices grilled the law’s supporters about its compliance with the Constitution’s limits on government activity.

Since ObamaCare was enacted, 23 March 2010, my insurance premiums have gone up %14.7.


Journalist Robert Pear wrote for New York Times 16 July 2010:
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When Congress required most Americans to obtain health insurance or pay a penalty, Democrats denied that they were creating a new tax. But in court, the Obama administration and its allies now defend the requirement as an exercise of the government's "power to lay and collect taxes." And that power, they say, is even more sweeping than the federal power to regulate interstate commerce. Administration officials say the tax argument is a linchpin of their legal case in defense of the health care overhaul and its individual mandate, now being challenged in court by more than 20 states and several private organizations.  ...In a brief defending the law, the Justice Department says the requirement for people to carry insurance or pay the penalty is "a valid exercise" of Congress's power to impose taxes.

...While Congress was working on the health care legislation, Mr. Obama refused to accept the argument that a mandate to buy insurance, enforced by financial penalties, was equivalent to a tax.  "For us to say that you've got to take a responsibility to get health insurance is absolutely not a tax increase," the president said last September, in a spirited exchange with George Stephanopoulos on the ABC News program "This Week."  When Mr. Stephanopoulos said the penalty appeared to fit the dictionary definition of a tax, Mr. Obama replied, "I absolutely reject that notion."
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