Washington just took over one-fifth of the entire U.S. economy. And with the full backing of the Supreme Court, no less. Our wise leaders can now direct $2.6 trillion in NEW federal spending for cheaper universal healthcare.
Said differently, we the people just gave Washington a huge piggy bank. A $2.6 trillion piggy bank filled with our hard-earned tax dollars.
Well … actually … we haven’t given it to the government yet. But we will — as we earn it.
In essence, we just gave away our FUTURE earnings. Earnings that will become new U.S tax revenue … over and above what we already pay. And still far less than the government continues to throw away. But that’s a different story.
This story is about a financial swindle. And it’s arguably the largest swindle of U.S. citizens in American history.
You think you have less money in your pocket today? Just wait until 2014 when the full force of this new healthcare law goes into effect. What will happen then is starkly different from what we were told before the law was passed.
Before the law was passed, all we heard was “universal coverage” and “lower healthcare costs.” Heck, that’s why they called it the “Patient Protection and Affordable Care Act of 2010.”
Well, I’m sorry to say … there are no lower costs anywhere in this new law!
But don’t take my word for it.
One of the law’s biggest proponents — one of its original architects — has just conceded this fact. But only after every media outlet heard him say this law would save American’s money.
Back in 2009, when the debate over ObamaCare was at its height, MIT economist Jonathan Gruber said, “What we know for sure is that (the bill) will lower the cost of buying non-group health insurance.”
Again, this is one of the law’s architects — someone who provided economic oversight in drafting the provisions of the law!
He’s obviously a smart guy. After all, he teaches economics at MIT and earned his Ph.D. in economics from Harvard.
So when someone with his credentials says “we know FOR SURE,” people tend to listen. Especially leaders in Congress looking for evidence to back their decisions for or against.
So in effect, Dr. Gruber’s words became gold. His research convinced restless Democrats — the ones sitting on the fence — their vote in favor of the law would be good for Americans.
Gruber used charts from his proprietary “micro-simulation model” to show that in 2016, young people would save 13% on healthcare premiums and older Americans would save 31%. And President Obama jumped on the cost-saving bandwagon.
The president told the public and Congress that this bill had the ability to “bend the cost curve.” He repeatedly promised the new law would “bring down premiums by $2,500 for the typical family.”
But that was then. Now the law has passed. And the lead architect is singing a completely different tune.
ObamaCare will increase premiums by 19% to 30%!
Now before you shoot the messenger, or blame partisan politics for the backlash on costs, I didn’t say ObamaCare would increase premiums. Dr. Gruber did!
Dr. Gruber is now quietly telling state governments — who have contracted his services for implementation — that the new law will significantly increase the cost of insurance.
In working with the various states, Gruber reported that Wisconsin will see individual insurance rates increase by 30% by 2016. Minnesota will see premiums increase by 29%. And individual purchasers in Colorado will see premium increases of 19%.
And he said it will be especially hard on younger Americans — those who already struggle to find affordable healthcare. To make matters worse, a recent study released by the Pew Research Center stated that only 54% of Americans between 18 and 24 have jobs.
We have to ask ourselves … what have we done to our children?!
There are many of us who have been crying out to stop the reckless spending. Many who firmly believe that the coming generations will be irreversibly hurt by the excesses of our government. Well, now the evidence is staring us in the face.
Our children will be hurt by this new law. And if it weren’t bad enough already … if these young Americans don’t get this new, more-expensive coverage, the government now has the right to tax them even more!
At least that’s the power the Supreme Court gave the government when it ruled the healthcare mandate was a TAX! If ever there were a time to take the tenets of the Sound Dollar Campaign seriously … and to get involved … NOW is that time.
[This is a post I did for the Campaign for a Sound Dollar. You can learn more about the campaign here.]