The problem is you eventually run out of other people’s money. We’re already starting to hit that wall. To BREAK EVEN on current government spending, we would have to increase taxes by a whopping 40%. And that’s BEFORE Obamacare.
Schumer is finally admitting what the Democrats lied – yes, LIED, not misinformed, bald-faced LIED – about for the past 3 years. Obamacare does not do one single thing to actually decrease your premiums. NOT ONE SINGLE THING.
People are getting exactly what they voted for when they put the guy back in office.
SCHUMER: Our insurance department is in power to protect families. We’re going to watch them like a hawk to make sure they do that. And if they don’t, those rates could go through the roof.
Q: Is it because of Obamacare?
SCHUMER: It’s in part because of Obamacare, but healthcare costs have gone up in double digits for years and years.
This bill is a disaster. By eliminating pre-existing conditions and requiring insurance for those that cannot otherwise afford it, the bill has undermined the ability of insurance companies to stay profitable without dramatically increasing premiums for those that actually pay them. Those of us that have been responsible for our own health insurance whether privately or through an employer-provided plan are going to bear the fiscal burden for providing insurance to the least healthy people in our society.[fbcomments]