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HomeThe Effect of the Obamacare Tax
Posted by Larry Doyle on February 5th, 2014 12:46 PM |
The release of the Congressional Budget Office report yesterday on the effects of Obamacare has not surprisingly set off a firestorm in respective political camps and among their media friends.
Let’s dispense with the heavy clanging noise connected to this topic that is resonating throughout our land and take a more measured approach in assessing the impact of the tax connected to Obamacare.
First and foremost, although many do not like associating the term “tax” in discussing Obamacare, let’s not forget that none other than Chief Justice Roberts told us that is exactly what it is in handing down his ruling upholding Obamacare.
Without being overly simplistic, whenever taxes are imposed behaviors change. To think otherwise is naive. (more…)
Obama’s Rubicon: You Can’t Lie to American Public
Posted by Larry Doyle on November 5th, 2013 11:55 AM |
The scarlet letter attached to these more genteel descriptions is the “Big Red L.”
Say what you want about our current President, but the simple fact is after his scrambling of the last few days, he has crossed the Rubicon and broken the sacred bond that is supposed to come with his occupying the highest office in the land and the most powerful position in the world.
Mr. President, you should know that you cannot lie to the American public. (more…)
Obamacare Trojan Horse: Is White House Muzzling Insurance Companies?
Posted by Larry Doyle on October 31st, 2013 9:30 AM |
Classics scholars are familiar with Virgil’s legendary warning, “Timeo Danaos et dona ferentes,” i.e. “Beware of Greeks bearing gifts.”
Just as the Greeks on the mainland would have been well served to be leery of what the Trojans were hiding in their “gift,” the American public may also want to be very careful as to what lies deeply within the administration’s newly released horse, aka Obamacare.
If transparency is indeed the great disinfectant, then there is seemingly a lot that might smell in the Obamacare stable. Put on the heavy boots and let’s navigate. (more…)
Dear President Obama: Do You Care?
Posted by Larry Doyle on October 8th, 2013 8:38 AM |
I am quite pleased when my blog can serve as a vehicle to spread the voice of others. I commend those who are willing to stand up and speak out when it is all too easy to sit down.
But standing up and speaking out are often borne out of frustration with a government, a regulatory system, or a financial industry that pays little heed to those who get up early each and every day to try to make ends meet.
The other day I inquired, How is Obamacare ‘Treating’ You So Far? Many readers had lots to say in response to that question, but nobody spoke out as forcefully as an individual couple who penned the following letter that ran in a local paper this morning.
Poll: How Is Obamacare ‘Treating’ You So Far?
Posted by Larry Doyle on October 4th, 2013 7:16 AM |
Well, with Uncle Sam not open for business again today, we can forget about the monthly employment report that is released the first Friday of every month.
But let’s redirect our focus for the moment. The roll out of Obamacare this week has generated a slew of reports from both ends of the political spectrum and their respective media accomplices. What is to be believed?
Is the inability to access the healthcare websites in many states a function of overwhelming interest by people looking to sign up or an inoperable system that is just another example of a dysfunctional government run wild? (more…)
Who and What Are To Blame for Uncle Sam’s Imminent Shutdown?
Posted by Larry Doyle on September 30th, 2013 10:10 AM |
With the government mere hours away from an imminent shutdown, I commented over the weekend that a small proprietor would not run his hot dog stand in such a fashion.
Yet here we sit — with Uncle Sam sticking his mitt ever deeper into our pockets — faced with the prospect that the puppets in Washington on both sides of the aisle are incapable of managing our affairs not only to avoid a shutdown but to actually run things in a professional fashion.
So the questions beg: will Washington ever be able to regain a degree of statesmanship in running our country; are we to be faced with this same sort of pathetic gamesmanship every year; do they even really care? (more…)
Obamacare: ‘Train Wreck’ In Ohio
Posted by Larry Doyle on June 11th, 2013 1:12 PM |
Your healthcare premiums were going to go down under Obamacare, right? Not so fast.
The benefits will far outweigh the costs, correct? Well, let’s navigate to America’s heartland and pose that question to the citizens of Ohio who will be picking up the tab. Might some — perhaps many — individuals who delivered the state for the President care to reconsider?
Recent news emanating from the Buckeye state would seem to indicate that when it comes to healthcare, the only thing that will be declining are the savings accounts of a lot of individuals. (more…)
Obamacare: Unaffordable for Many; Broken Promises Are Numerous
Posted by Larry Doyle on May 14th, 2013 8:39 AM |
A month ago Senator Max Baucus, a Democrat from Montana, projected that he envisioned the implementation of the President’s new health care program, aka Obamacare, as being “a train wreck.”
Well, in reviewing a report released yesterday by the US House of Representatives Committee on Energy and Commerce, we gain a greater appreciation for just how expensive this train wreck might be.
I hope readers are not already feeling ill at ease this morning because after reading this report I can assure you that you will get sick. Let’s navigate and look more deeply at The Looming Premium Rate Shock: >>>>>>> (more…)
Obamacare: 12 “Scary” Assessments
Posted by Larry Doyle on April 15th, 2013 9:32 AM |
How is Obamacare treating you so far?
Are you experiencing any of the maladies highlighted in a recent review by Investor Business Daily that projects that Obamascare will lead to the following:
1. Boost insurance costs.
2. Push millions off employer coverage: In February, the Congressional Budget Office said that 7 million will likely lose their employer coverage thanks to ObamaCare — nearly twice its previous estimate. That number could be as high as 20 million, the CBO says.
3.Cause premiums to skyrocket: (more…)
Health Care Premiums: Bend Over ‘n Brace Yourself
Posted by Larry Doyle on March 22nd, 2013 8:04 AM |
I guess we might soon expect Ben Bernanke and his pals at the Federal Reserve to discount the cost of health care from the core rate of inflation. I mean the cost of health care is not truly indicative of what it costs to run a family now, is it?
For those not aware, food and energy costs are not incorporated in determining the core rate of inflation. If the Fed discounted the costs of all goods and services, we might just be able to generate a report that reflects stable prices.
Pardon my sarcastic cynicism, but it is hard to restrain myself upon reading a lead story in this morning’s Wall Street Journal that should be entitled, Health Care Premiums: Bend Over ‘n Brace Yourself. Let’s navigate as the WSJ writes . . . (more…)
