29 Mar 2013 2:17 pm
Obama and Dems have been spending massively, yet this is the weakest recovery in 80 years, moonbat. On what planet? Obama can't spend any money that Congress does not appropriate, and your party has been in control of the House for over two years, and in essence in control of the Senate as well, with their unprecedented use of the filibuster. Yet you absolve them of any and all guilt. While Congress was controlled by Democrats, they went on a massive spending spree that raised spending to a record 25% of GDP and have vigorously defended every penny since then. Only a shameless liar would deny that. And speaking of shameless liars, almost every claim Obama made about his health care plan was a lie. The Cost Explosion of Obamacare Begins to Hit Home Most of the claims made about the program have already proven false. For instance, it’s not deficit-neutral at all. Obama actually adds $6.2 trillion to long-term national debt, and that’s assuming that the Independent Payment Advisory Board (IPAB) plays the role of rationing board provided in the bill. Otherwise, the costs escalate even further. And it’s not just government that will feel a bigger bite. This week, a new study from the Society of Actuaries found that the changes made by the PPACA will increase claims costs by almost a third for Americans on individual health insurance plans. Those are the plans purchased through Obamacare’s state health-insurance exchanges, whose premiums are also expected to sharply rise next year when the PPACA law takes full effect. On top of that, Americans will start paying higher taxes to pay for the broad subsidies that the PPACA provides in order to make the coverage mandate politically palatable. Eric Pianin detailed the $1 trillion in tax hikes on Tuesday at The Fiscal Times, also pointing out the bipartisan push to roll back one tax in particular on medical devices, a push that succeeded on a 79-20 vote. The tax would have slowed innovation and increased costs throughout the provider chain. Its repeal, however, will make ObamaCare even more of a deficit driver than it has already become.http://www.thefiscal...RuGvVkiA1jj3.99