Facts have been presented recently about how the expiration of the "Bush tax cuts" will impact Americans by creating a situation where all Americans are paying more taxes. The independent Congressinal Budget Office has been warning that Obama's proposed 2011 budget will generate "nearly $10 trillion in cumulative budget deficits over the next 10 years, $1.2 trillion more than the administration projected, and raise the federal debt to 90 percent of the nation's economic output by 2020, the Congressional Budget Office reported."



People on this forum and the majority of Americans protested the Democratic Party's healthcare reform bill. Not because they are against healthcare reform, but because they knew this would happen with the bill that Obama presented and got passed:

"According to the nonpartisan Congressional Budget Office (CBO), premiums for millions of American families in 2016 will be 10-13 percent higher than they otherwise would be. This represents a $2100 increase per family, compared with the status quo.…

"This is not the only bad news. According to the same memo, the new health care law bends the cost curve upward and increases national health spending. In other words, health care will cost more because of this new law.…According to the nonpartisan Joint Committee on Taxation (JCT) only about seven percent of American households will be eligible to receive the subsidies. This means that nine in 10 households will receive no subsidy or tax benefit for health insurance under the new law, and will continue to experience premium costs rising at or above their current rate of increase.

"To make matters even worse, one in four Americans with the subsidy will still see their taxes increase, even after taking the subsidy into account. To accomplish savings for seven percent of Americans, the new law redistributes nearly $800 billion generated from increasing taxes and cutting Medicare for millions of other Americans.

"They also highlight how many Americans are likely to lose their existing health-insurance coverage..."

Read more here:

http://www.nationalreview.com/critic...m/carrie-lukas


http://www.washingtontimes.com/news/...-to-90-of-gdp/

Originally Posted by bkcunningham1

Facts have been presented recently about how the expiration of the "Bush tax cuts" will impact Americans by creating a situation where all Americans are paying more taxes. The independent Congressinal Budget Office has been warning that Obama's proposed 2011 budget will generate "nearly $10 trillion in cumulative budget deficits over the next 10 years, $1.2 trillion more than the administration projected, and raise the federal debt to 90 percent of the nation's economic output by 2020, the Congressional Budget Office reported."



People on this forum and the majority of Americans protested the Democratic Party's healthcare reform bill. Not because they are against healthcare reform, but because they knew this would happen with the bill that Obama presented and got passed:

"According to the nonpartisan Congressional Budget Office (CBO), premiums for millions of American families in 2016 will be 10-13 percent higher than they otherwise would be. This represents a $2100 increase per family, compared with the status quo.…

"This is not the only bad news. According to the same memo, the new health care law bends the cost curve upward and increases national health spending. In other words, health care will cost more because of this new law.…According to the nonpartisan Joint Committee on Taxation (JCT) only about seven percent of American households will be eligible to receive the subsidies. This means that nine in 10 households will receive no subsidy or tax benefit for health insurance under the new law, and will continue to experience premium costs rising at or above their current rate of increase.

"To make matters even worse, one in four Americans with the subsidy will still see their taxes increase, even after taking the subsidy into account. To accomplish savings for seven percent of Americans, the new law redistributes nearly $800 billion generated from increasing taxes and cutting Medicare for millions of other Americans.

"They also highlight how many Americans are likely to lose their existing health-insurance coverage..."

Read more here:

http://www.nationalreview.com/critic...m/carrie-lukas


http://www.washingtontimes.com/news/...-to-90-of-gdp/

A bill shrouded in payoffs, blackmal and backroom mystery, done for POLITICAL purpose only against all wishes of the public CANNOT end up a good thing.

This bill is an albatross that will hang over us for many years !