The law is more than a fundamental change to the country’s health care system. It also is a massive tax hike. As The Heritage Foundation’s Federal Budget in Pictures shows, according to the most recent scores, Obamacare will increase taxes by nearly $800 billion for the period of 2013-2022. So says Heritage. For what it is worth, this 1 trillion dollar (wanna bet that is what it will be, before the Big Government types get finished?) will not begin to pay for the unfunded liabilities this law will incur. I mean, if Medicare has an unfunded liability of 38 trillion dollars (see the article, here) and Social Security has an unfunded liability of nearly 9 trillion dollars (see the article, here), you know, without a doubt, that 10 years from now, we will begin to see estimates as to massive unfunded liabilities with regard to ObamaCare.
Understand that Progressive Utopians, believe that China, Japan and internal domestic borrowing (we borrow from our selves, if you can believe that nonsense), will last forever. That's what this bunch believes. So they oppose a "balanced budget" amendment or any talk of austerity. And when austerity becomes the irresistible demand of the day, contrary to popular Utopian, Flower Power theory, the consequences will be severe . . . . to include radical civil unrest.
Here are a couple of charts documenting the tax increases of ObaamCare, despite Obama' lie, "Your taxes will not increase one dime":
and
(source for the following: Heritage, here)
Understand that these taxes will be paid by your children and grandchildren (Xer's and Millennials).
No comments:
Post a Comment