This article is talking about obamacare, and how it is just about destroying the middle class.
Yes, but I've believed this is true since details of the bill were released before it was even passed. The middle class pays for everything. Always. I would hope that this is and 'unintended' consequence of the bill, but I'm not confident of anything this administration does or passes.
Just think of how the economy isn't really doing much. We are told it's doing great because of the markets, but the fed is constantly pumping money into it, which is why the market now means much less than it normally would. This isn't consumer confidence, it's federal tinkering that hasn't worked yet, even after QE1 and QE2. Now the just keep printing money every month (making our dollars worth less) and driving us further and further in debt in the hopes that this extra spending and tinkering will bring us out of recession.
Answer by QuinnMae at 8:54 AM on Dec. 2, 2013
Even an ex-fed official has admitted that QE wasn't working the way it was supposed to.
So, take families that were holding on by a thread already because of a worsening economy, lack of increased business revenue and possibly having to take a pay cut, if they didn't outright lose a job and have to take a couple of part time jobs just to pay the mortgage, now take their earnings and add them up (household) and see where they fall with the income guidelines for O-care. They will be paying, and likely paying big. Or just paying to not have coverage (the fine). So, they still risk losing everything from illness, or they risk losing everything by having to pay increased insurance costs.
And it will get worse when the employer mandate kicks in.
Answer by QuinnMae at 9:00 AM on Dec. 2, 2013
Answer by HHx5 at 10:24 AM on Dec. 2, 2013