Wednesday, October 14, 2009

Obamacare, Obamanomics and Inverse Logic

Do the math

"If an object is a polygon then it is a triangle (false)."

By: Larry Walker, Jr.

You can’t solve a problem until it has been defined. The Federal government, once again, has failed to define the problem. Being led by the novice, Nobel Prize Winning, Barack Obama, the Congress has become another hostage on the road to Socialism. What is the real problem?

The Problem

Firstly, per the Bureau of Labor Statistics, since the start of the recession in December 2007, the number of unemployed persons has increased by 7.6 million to 15.1 million, and the unemployment rate has doubled to 9.8 percent (1).

Secondly, per my research in, “The IRS as Health Insurance Police,” there are currently 12.6 million delinquent taxpayers who owe the Federal Government $115.5 billion (2).

And finally, per my last blog, “Common Sense vs. Obamanomics,” where are the jobs (3)?

The Plan to Nowhere

The Government’s plan: Pass a massive health care bill with the ‘hope’ that (a) the 12.6 million will pay their back taxes along with the new increase for mandatory health care, and (b) the 15.1 million will miraculously find jobs (on their own) to be able to pay for their health care. Sounds to me like a plan going nowhere.

The Real Cost?

Based on my research in, “The Health Insurance Black Hole,” when it’s all said and done and we have Universal Health Care, the cost will be approximately $747 per month for an individual, and $2,990 per month for a family of four. That’s $35,880 per year for a family, and $8,964 for an individual (4). To me this is an outrageous increase from my present rate of $188 per month with an H.S.A. Plan. And according to Congress, this will reduce the deficit (which they have run up with reckless abandon) in the long-term.

I’m sure! Raising every American’s health insurance costs by $6,708 per year should reduce the deficit in the long run, but what does that do for our individual health? It seems to me that health care reform has just become a crafty way of raising taxes by playing on the sympathies of kindhearted American’s. No matter how you frame it, it’s a tax increase.

"If a policy is a tax increase then it is a tax cut (false)."

Questions Unanswered

  1. How will the 15.1 million unemployed American’s pay for their health insurance? Will the employed have to pay more to cover them?

  2. How will the 12.6 million who already owe back taxes be able to pay them while paying for the new health care tax?

  3. If you subtract the 27.7 million who can’t pay for their health insurance, how much will it really cost those who are employed?


Reference and Related:





2 comments:
  1. Tax cuts have historically lead to an increase in overall tax revenues. So while a tax cut can lead to a tax increase, an increase in tax rates is not a tax cut.

    ReplyDelete
  2. Here's a funny music video making fun of Obamacare, and the progressive view of their "New America:"

    http://www.youtube.com/watch?v=5ibHFAXGUwo

    ReplyDelete