WSJ Chief Economist: 75% of Obamacare Costs Will Fall on Backs of Those Making $120K or Less

Apart from concerns about statism and the growth of the federal government, the main reason to be against Obamacare is economic. It is such a poorly conceived idea and poorly written law that it has already hamstrung the US economy, and will end up burdening most the very people who are already hardest hit by the economic downturn. One would think that liberals, of all people, would be appalled that such a terribly thought-out bill would have become law–if one honestly wanted to bring socialized medicine to America, surely there are much better ways to do so. Obamacare is a Frankenstein’s monster which will in the end run the country into the ground and impoverish its people, yet liberals think it is some kind of victory. In every way, from every political perspective, Obamacare is simply a bad idea.

On the bright side, because of Obamacare, in the future, “liberalism” will become synonymous for incompetence and overreach, and “progressives” will become synonymous for reactionary Luddites. Of course, the progressive in chief has already crossed that bridge.

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4 Responses to WSJ Chief Economist: 75% of Obamacare Costs Will Fall on Backs of Those Making $120K or Less

  1. genomega1 says:

    Reblogged this on News You May Have Missed and commented:
    WSJ Chief Economist: 75% of Obamacare Costs Will Fall on Backs of Those Making $120K or Less

  2. Pingback: An Unjust Law is No Law at All: Why Obamacare Must Fall « CITIZEN.BLOGGER.1984+ GUNNY.G BLOG.EMAIL

  3. Paul K says:

    This interview leaves much to be desired as far as data. First, the numbers are projections and not facts. A forecast may be realistic, but to judge that, I need to know the assumptions that went into the forecast. Second, Mr. Moore argues that insurance premiums have gone up under the healthcare law, but: 1) insurance premiums have been going up 8-10% already, and 2) most of the law hasn’t even taken affect yet. I do not see a ’cause and effect’ in his argument.

    Do I think this is a perfect law? No, it has many flaws that could and should be fixed. The majority of Americans (of all Parties) agree that the current system is broken. We spend more on healthcare than any other industrialized country, but we don’t see the comparable outcomes. Argue against the Healthcare Law. Fight for its repeal. But if you do, please be responsible and also offer a solution in its place. This is not the time to fight for a repeal without also offering the American people a viable solution to a real problem.

  4. Pingback: Socialized medicine, from a survivor – Washington Times « nebraskaenergyobserver

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