Are you comfortable with another $2.2 trillion worth of debt?
That is the estimate price of extending all of the Bush admin's income tax cuts.
Ya, I know Bush's tax cuts are gone this year... you want my honest analysis :
- Buy a few years supply of food that won't go bad
- barter items
- weapons to protect it
It would also be a good idea to convince your neighborhood to prepare as best they can as well...
There is NO SAVING the economy. At best Obama can simply delay the inevitable, however, he's done, like Bush did, just about everything wrong.
And, yes... your warren Buffet quote illustrates the WHY this is happening.
Edit: Although I disagree that we're coming up on the "stock up on guns for the fall of civilization" state.
Well I suppose you have a point... oh wait, no, no you have no point at all.
A TAX, cannot force an Average American CITIZEN to purchase a PRODUCT OR SERVICE he may or may not wish to purchase. Freedom, Liberty Trump any thing some worthless "progressive" legal group wants to claim. Obama's so far left he thinks this makes sense, and only those that far left with him would accept such nonsense a mere tax.
That's the failing of the entire affair. We are "Forced" to purchase a service, whether we WANT IT OR NOT, just to live in this country. That, is not acceptable, and will be struck down by the courts.
subject to section 1411, grant a certification attesting that, for purposes of the individual responsibility penalty under section 5000A of the Internal Revenue Code of 1986, an individual is exempt from the individual
requirement or from the penalty imposed by such section because—
(i) there is no affordable qualified health plan available through the Exchange, or the individual’s employer, covering the individual; or
(ii) the individual meets the requirements for any other such exemption from the individual responsibility requirement or penalty;
You mean uninsured people will have to start paying for some of the health care they receive in the emergency room? Dang. That's terrible.
I'm also not sure I'd describe $695/year for the uninsured as "big" or "fat" or "everyone."
But yes, there's a $695 tax penalty for not carrying insurance. Is this a surprise to you? Did you not pay any attention at all during the last 18 months?
Meant to add the following to my last post:
Sidenote: If the claim is true by Republicans that most of the "uninsured" are illegals and H.R. 3590 makes it clear that no illegals will be authorized to participate in any State's HIE, it stands to reason that most Americans will receive their health insurance either through their employer, their State's HIE if they offer one, Medicaid or Medicare or on their own if they can afford to do so. Assuming these avenues of obtaining health insurance holdstrue, I'm curious how many American citizens would face paying a penalty for not having insurance since the States will offer high-risk pools until they can established thier HIEs or Community Health Insurance options within their respective HIE's? Seems to me the People will be afforded several opportunities to gain health insurance including the States being allowed to form intra-state HIEs even if individuals can't afford to do so on their own but using government subsidies until 2015, 1-year after the Exchanges are authorized to form. This is why I continue to argue the importance of the People educating themselves where health care reform is concerned. Alot of what's being stated by Republicans just isn't true, i.e., the penalty on individuals. Per Part II, Section 1311(d)(4)(H):
H.R. 3590 provides several opportunities for individuals to obtain exemptions due to their inability to afford health insurance. As such, if citizens follow the rules and qualify for an exemption, there really shouldn't be a problem with this mandate.
What a masterful strawman Deuce. So well that a bunch of people actually fell for it.
Too bad this thread wasn't about people having to pay for themselves at emergency rooms, but had to do with outright abject lies and dishonesty perpetrated by the candidate that was going to "Change" politics as usual.
Remember that Obama's plan was essentially the Republican plan from the 90s. In effect the only people who pay the tax are the people who don't have health insurance.
Yeah, the people least able to afford it.
No, the people you describe would qualify for tax credits for the health insurance.
Two questions:
1. How can a family of four making $32,000 a year afford over $5,000. in out of pocket expenses for health insurance. That's what they have to pay AFTER the tax credit.
2. How can this family afford to pay $10,108. a year for health insurance premiums, then wait to get a tax credit up to a year later? Do you think they have an extra $840/month laying around ??? Are they supposed to wait til they file income taxes and get their refund the next year before buying groceries for their kids ?? And even then, they probably won't get all the money back.
Its a stupid idea for the tea parties to try and make the notion that Obama is violating the constitution. He's a constitutional scholar and former constitutional professor along with a brilliant lawyer who deeply respects the document and will wipe the floor with anyone trying to use it as leverage over his administration.
Two questions:
1. How can a family of four making $32,000 a year afford over $5,000. in out of pocket expenses for health insurance. That's what they have to pay AFTER the tax credit.
2. How can this family afford to pay $10,108. a year for health insurance premiums, then wait to get a tax credit up to a year later? Do you think they have an extra $840/month laying around ??? Are they supposed to wait til they file income taxes and get their refund the next year before buying groceries for their kids ?? And even then, they probably won't get all the money back.
This family you mentioned would be exempt from the tax penalty. If the premiums are more than 8% of your income, you are below the poverty line, you are incarcerated, or you are part of a group with a recognized religious exemption, you do not get the penalty.
edit: Or if you're an illegal immigrant.
edit2: Or a member of an indian tribe.
My post didn't mention a tax penalty ???
So you admit that it will be practically impossible for low income families to actually have health insurance ??? That will be the outcome of this pig of a bill. An awful lot of people are going to be really mad when the lamestream media finally gets around to explaining the nuts and bolts of this monstrosity.
It will be slightly more possible for them to have health insurance than it is now. This bill could have been better, much better, but the GOP wouldn't cooperate at all. It would have been much easier to get a good bill if they only needed 51 votes instead of 60, and if the GOP had thrown some votes in they would even have gotten a better say in the bill's outcome. This is what happens when the government is fighting itself.
Many will get subsidies and new people will qualify for medicaid.
However, we would have been better off with single-payer, in my opinion.
No, it will be completely impossible for the vast majority of low income families to even consider purchasing health insurance. Almost no families will be able to afford an extra $840. a month.
Millions will be forced to pay Obama's tax penalty which would buy several months of groceries or pay a months rent. And.... the medical system will still be paying for millions of patients with no health insurance.
The GOP wouldn't cooperate because the Dems would not listen to any of their proposals. It was the Dem's way or nothing. The GOP wisely decided they didn't want their fingerprints on this pig.
What will have been gained ????
At least 80 GOP amendments made the bill, and supposedly the actual number is around 160. (GOP allegedly blocked the release of the full list)
Families below the poverty line will be eligible for medicaid. Low income families just above the poverty line will be eligible for some subsidies, but if they still can't afford it they'll be exempt from the tax penalty.
Those who do pay the tax penalty will have chipped in a few bucks towards their health care when they go to the ER while uninsured.
The situation is not fixed, but it is improved.
You still choose to ignore the very real numbers I posted above..... What about the poor families of four making just over $32,000. ???? They are SOL. I guess they'll be left hoping for change... right ??
How can a family living paycheck to paycheck pay for health insurance and wait for up to a year for their tax credit ???
As far as Republican amendments, not a single one was significant or changed the bill in any meaningful way. The Dems wouldn't allow it.
Plenty were significant. If the GOP had been willing to put up some votes they might have gotten more substantial changes. You can't expect to get everything you want but have the other guy vote it in for you. Doesn't work that way, they're the minority party.
The family of four making $32000 won't have to pay the tax penalty, so they at the least would not be worse off than they are now. They are eligible for the subsidy if they can make it work. Premiums are also capped as % of income.
HR3200 would have done more to address this income gap, but that bill was just too damned liberal apparently. The big scary Public Option, which hardly anyone would have even been eligible to enroll in, would have run those poor insurance companies out of business, if you ask the GOP anyway.
You mean uninsured people will have to start paying for some of the health care they receive in the emergency room? Dang. That's terrible.
I'm also not sure I'd describe $695/year for the uninsured as "big" or "fat" or "everyone."
But yes, there's a $695 tax penalty for not carrying insurance. Is this a surprise to you? Did you not pay any attention at all during the last 18 months?
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