To boot, one of obama's top economists - Gruber - continues to change his tune on the impact of obama's health care reform.
So we are left with all of the lies already told by obama, but the reality is:
-Increase of taxes by $1.2 TRILLION-which will mandate an increase for the middle class as well.
-A CUT of $716 BILLION from medicare-already strained by the increasing numbers of participants it has been stated - 'DEATH PANELS' and 'a cut of unnecessary procedures' will have to be enacted.
-$4,000.00 will be the LEAST expensive plan offered, that is four grand per person, family of 3= $12,000 per year.
So the reality of 'obamacare' continues to be its undue burden on the very people it is supposed to help while propping up the ego of obama and bankrupting the country even further.
Let's take a look at why obama's economic plan of spend, spend, spend is a farce-
The government cannot create wealth, that can only be done by the private sector. Therefore the only way that the government can obtain money is through taxes (which may soon include pension and IRA takeovers, i.e., Stealing), printing it or borrowing it.
Higher taxes stresses the economy further as monies are taken from those who would normally invest, or spend it, across the board, meaning the very rich to the lower middle class. In reality, even when money is put in the bank it serves its purpose, as long as it is a US bank. So obama's policies force people to look to other havens for the monies they have earned, to protect what is rightfully theirs.
Printing additional money and giving it out only works as a short term solution in limited circumstance. In reality, there's that word again, printing money only devalues the currency. So for every dollar that QE is supposed to stimulate, it is in effect lopping off part of its worth. This hurts the middle class and down the most because that loaf of bread that only cost a dollar, will now cost $1.50. The cycle continues with every product and service, and like with any addict who uses stimulants on a regular basis, they get hooked and can't stop. What are we on now, QE 4 or is it 5 or 6?
Borrowing money? Really? Sure, sometimes you have to, and in some cases it actually might make sense, but almost fifty cents of every dollar you spend? Without getting too hardcore here, the reality is that the more debt one has, the greater the risk to the lender. The greater the risk to the lender, the higher the interest on the loan. The higher the interest on the loan, the greater the cost to the borrower. So each dollar borrowed that might have cost at one time $1.01 to pay back now costs $1.25 to pay back. So where do the additional funds for payback come from? Simplistic example, but accurate conclusion.
The finale' is bankruptcy.
This week there have been more reveals on the Benghazi terrorist attack. It seems that Ms. Clinton wasn't the only one that was awol that night.
After a scheduled security briefing, that lasted only half an hour, and only partially covered the attack, obama vanished. Nobody spoke to or saw him during the 7 hour siege. Those forces that could have assisted were only an hour or two away, but only obama could dispatch them because they were outside Libyan boarders. So were was obama when he should have been aiding those Americans in dire need-getting drunk watching MNF? Sleeping? Picking out what skivvies to wear to 'Vegas for his fundraiser? What ever the reason, obama was derelict of duty.
Their attitude is 'what difference does it make now,' because the ultimate damage has been done. And while obama lied to everyone, and the coverup continued throughout his campaign for re-election, and the so called journalists of the so called fourth estate ignored the facts so they could kiss obama's ass, the struggle for reality continues.
What is the immediate reality? That obama didn't and doesn't care about anyone or anything other than himself, period. His concern was for himself, not those in Benghazi. His concern is about his own 'legacy,' not the woes of the people in the US.
And the same can be said for every one of his soulless minions. Clinton included.
The reality is that obama's economic policy is a catastrophe, his anti-American foreign policy is putting the US and our allies in grave danger, and the media continues to ignore it. Are you?