Tag Archives: National Debt

Democrats introduce bill to cover illegal immigrants under Obamacare

Gross public debt, Democrats control spending in 2007
Gross public debt, Democrats control spending in 2007

This is from the Daily Signal.


The pope’s reminder of the Golden Rule during his visit to Congress inspired a House Democrat to introduce legislation to expand the Affordable Care Act.

Last week Rep. Luis Gutiérrez, D-Ill., introduced new legislation called the Exchange Inclusion for a Healthy America Act of 2015, which would allow illegal immigrants health care coverage under Obamacare.

[…]“The goal is to cover everyone in this country, regardless of immigration status, provided they establish state residency and file taxes (which most immigrants already do),” states the congressman’s Facebook page. “We have to make sure it’s accessible to everyone living here.”

[…]The bill proposed by Gutiérrez and co-sponsor Rep. Judy Chu, D-Calif., would amend Obamacare to permit illegal immigrants to purchase health insurance through Obamacare exchanges (also termed health insurance marketplaces) and receive coverage subsidies.

Wow! Is there no limit to this view on the left that the people who earn money don’t really have a right to spend it on the things they want to spend it on. I will never understand how it is that Democrats feel that they are being nice by spending other people’s money. If they wanted to hand out free goodies to some group of people, why don’t they use their own money? I need my money for the stuff I want to do. I guess they don’t see me as very important, except as a cog in their vote-buying machine.

Bernie Sanders’ $18 trillion spending plan will double the national debt

Gross public debt, Democrats control spending in 2007
Gross public debt, Democrats control spending in 2007

It’s election time, and Democrat politicians like Hillary Clinton and Bernie Sanders are busy promising the moon to their supporters.

Here’s what Democrat voters want from their candidates:


Let’s go to audio sound bites, this week here’s a portion of Ken Rogulski reporting on WJR in Michigan, two people here in line for Obama cash.

ROGULSKI: Why are you here?

WOMAN #1: To get some money.

ROGULSKI: What kind of money?

WOMAN #1: Obama money.

ROGULSKI: Where’s it coming from?

WOMAN #1: Obama.

ROGULSKI: And where did Obama get it?

WOMAN #1: I don’t know, his stash. I don’t know. (laughter) I don’t know where he got it from, but he givin’ it to us, to help us.

WOMAN #2: And we love him.

WOMAN #1: We love him. That’s why we voted for him!

WOMEN: (chanting) Obama! Obama! Obama! (laughing)

The two women are from Detroit, Michigan. Surprised? Detroit has been run by Democrats for decades, and that’s why it’s bankrupt. It’s not Republicans who run these cities into the ground – it’s Democrats, and their Democrat economic policies.

I don’t think these women are any different than your typical Hollywood high-school dropout actress, or your typical trial lawyer, or your typical unionized auto worker, or your typical MSNBC news anchor, or your typical professor of Marxist Studies. Democrats across all education levels and professions and levels of income have literally no idea how jobs are created. They have no idea how wealth is created. They just want to steal money from their neighbors, money that they didn’t earn themselves.

So it’s no wonder that they love what socialist candidate Bernie Sanders is telling them.

The Wall Street Journal – which knows something about business and economics – has done an analysis of how much the socialist agenda of Bernie Sanders will cost. The final price tag? $18 trillion dollars!

Read it:

Sen. Bernie Sanders, whose liberal call to action has propelled his long-shot presidential campaign, is proposing an array of new programs that would amount to the largest peacetime expansion of government in modern American history.

In all, he backs at least $18 trillion in new spending over a decade, according to a tally by The Wall Street Journal, a sum that alarms conservatives and gives even many Democrats pause. Mr. Sanders sees the money as going to essential government services at a time of increasing strain on the middle class.

[…]To pay for it, Mr. Sanders, a Vermont independent running for the Democratic nomination, has so far detailed tax increases that could bring in as much as $6.5 trillion over 10 years, according to his staff.

A campaign aide said additional tax proposals would be offered to offset the cost of some, and possibly all, of his health program. A Democratic proposal for such a “single-payer” health plan, now in Congress, would be funded in part through a new payroll tax on employers and workers, with the trade-off being that employers would no longer have to pay for or arrange their workers’ insurance.

Investors Business Daily has more to say about Sanders’ proposals:

His “Medicare for All” single-payer health plan alone would cost roughly $15 trillion over a decade.

He wants the government to provide “universal” child care and pre-kindergarten programs, along with free tuition at any public college, and proposes spending an additional $1 trillion on infrastructure and expanding Social Security by $1.2 trillion. Add up just these and a few other items on Sanders’ list, and price tag tops $18 trillion over a decade.

[…]And this doesn’t count the massive costs of mandates and regulations Sanders wants to impose on businesses, such as a $15 minimum wage, plus mandatory paid medical leave, vacations and sick days.

He’d also make it far easier for unions to organize.

Keep in mind that when Obama became president, the national debt was about $8 trillion. Now it’s $18.5 trillion, thanks to the Democrats. And if Bernie Sanders is elected, it will go to over $36.5 trillion! Who is going to pay for all this government spending? It won’t be illegal immigrants and ISIS “refugees”. It’s going to be you, your spouse, and your kids.

I am really hoping I can retire to a less demanding job before the Democrats force plans like this on all of us. When people like Sanders are in control, the worse thing you can do is work hard for a high income. You don’t want to be responsible for a homeschooling wife and mother, and a lot of kids that you are raising yourself. I understand that socialists want to take children away from parents as early as possible and communally raise them in day care and public schools. But that’s not what I am going to work to pay for. I am going to work to pay for my plan. I am not going to work to pay secularists to indoctrinate my kids in their false worldview. I don’t want to be a slave to the secular government. When I go to work, it’s for my plan, not for tyrants like Bernie Sanders to run my life.

Eight years of socialism: more debt, more regulation, fewer Americans working:

Has the economy been doing well lately? When I ask Democrats that question, they often point me to the stock market. I know that the stock market has done very well in the last 8 years. But I really question which Democrat policies have been responsible for this winfall.

Certainly, policies like Obamacare, Dodd-Frank, green energy subsidies, blocking Keystone XL, creating a student loan bubble, and even loosening mortgage lending again to create another housing bubble, cannot cause any economics growth. My personal opinion is that all the growth came from adding over $10 trillion dollars to the debt – a process that started with the election of Nancy Pelosi and Harry Reid to the House and Senate majorities, respectively, in 2007.

Look at the national debt:

Gross public debt, Democrats control spending in 2007
Gross public debt, Democrats control spending starting in 2007

If you add $10 trillion to the national debt in 8 years then OF COURSE the stock prices will go up. You would look richer too if you took your credit card balance from $8,500 to $18,500. But what is behind all this consumer spending and government spending? Just trillions of dollars of new debt.

I think a better measure of how the economy is doing is to ask job creators how it is doing. For example, we can ask small businesses, since they are responsible for so much of the job creation in this economy.

Here’s an article from the Daily Signal about that.

It says:

More than five years after the end of the “Great Recession,” only 21 percent of small businesses* say they have fully recovered. During the recession, lack of sales ranked as the top problem small business faced. Taxes placed second, and “government regulations and red tape” placed third. And since 2012, at least one in five small business owners identify government regulations as their most important problem.

The reason for this is simple—small business owners directly feel the impact of federal regulation in the daily life of their businesses. The small business owner is often the main person in a business who bears the burden of complying with regulations and paperwork requirements. According to a 2010 study, small businesses spend $10,585 per employee on regulation, which amounts to 36 percent more per employee than larger companies spend.

With that as a backdrop, it is easy to see how small business owners continue to wonder why Washington just does not get it when it comes to regulation. For decades, Congress has sought to solve societal problems through mandates on business. Too many Americans without health insurance? Congress tries to solve that by requiring businesses to provide health insurance to their employees (regardless of whether or not they can afford it) or pay hefty penalties. Too many Americans unable to care for a sick relative? Congress seeks to address that by mandating that a business keep a position open three months out of every year for qualified employees, using a cumbersome reporting system.

Always entrepreneurial, with a keen focus on the bottom line, the American small business owner looks for ways to minimize the time and money spent on things other than running his or her business. Since many of these regulations wisely exempt the smallest of small businesses, some employers purposefully do not increase hiring because they do not want to have to comply with the regulatory regimes that await businesses that expand to 10, 15, and 50 or more employees.

This might be why the labor force participation rate is at a 38-year low.

CNS News explains:

A record 94,031,000 Americans were not in the American labor force last month — 261,000 more than July — and the labor force participation rate stayed stuck at 62.6 percent, a 38-year low, for a third straight month in August, the Labor Department reported on Friday, as the nation heads into the Labor Day weekend.

[…]In August, according to BLS, the nation’s civilian noninstitutional population, consisting of all people 16 or older who were not in the military or an institution, reached 251,096,000. Of those, 157,065,000 participated in the labor force by either holding a job or actively seeking one.

The 157,065,000 who participated in the labor force equaled only 62.6 percent of the 251,096,000 civilian noninstitutional population — the same as it was in July and June. Not since October 1977, when the participation rate dropped to 62.4, has the percentage been this low.

So… do you still think that the economy is in good shape? Any economy is going to look better if you take an $8.5 trillion debt and run it up to $18.5 trillion. But if you look a little closer, you see that small businesses are hard-pressed, and it’s affected the real unemployment rate.

Should we care that Democrats ran up the debt from 8.5 to 18.1 trillion?

In 2007, Democrats seized control of the House and Senate after winning the 2006 mid-term elections. The last Republican budget through 2007 had a 160 billion deficit. What followed next was years and years of trillion dollar deficits under Nancy Pelosi and Harry Reid. The Republicans only gained back the House in 2011, and the Senate in 2015.

Here’s what happened to the deficit while the Democrats had control of spending:

National Debt and Deficit 2007-2013
National Debt and Deficit 2007-2013

Now let’s take a look why this is a problem going forward, especially for young people. We’ll use this article from the Wall Street Journal.

It says:

The U.S. has come a long way since the days of trillion-dollar deficits, just a few years ago. The White House projects 2016 will have the smallest budget deficit in eight years. Yet the budgetary impact of the debt that’s been accumulated–$18 trillion in total, $13 trillion of that owed to the public–will reassert itself.

Currently, the government’s interest costs are around $200 billion a year, a sum that’s low due to the era of low interest rates. Forecasters at the White House and Congressional Budget Office believe interest rates will gradually rise, and when that happens, the interest costs of the U.S. government are set to soar, from just over $200 billion to nearly $800 billion a year by decade’s end.

By 2021, the government will be spending more on interest than on all national defense. according to White House forecasts. And one year later, interest costs will exceed nondefense discretionary spending–essentially every other domestic and international government program funded annually through congressional appropriations. (The largest part of the budget is, and will remain, the mandatory spending programs of Social Security, Medicare and Medicaid. Mandatory spending is over $2 trillion and is set to double to $4 trillion by 2025.)

The advice I would give to young people just entering college is to make sure that you don’t vote for more spending and borrowing. Because you’re the ones who are going to have to pay it off!!! Also, don’t waste your money on a discipline for which there are no jobs. Stay away from anything that is not STEM – science, technology, engineering, and math. Try not to borrow money. One lady I know just completed a couple of years of community college, before heading into a computer science program at a university. That is smart – I really recommend that.

Be willing to move if a good job presents itself, because earning money now before the storm is really important. Work while it’s day, in other words. Try not to stay in school any longer than you have to, because work experience is usually worth as much or more than school, and you get paid to work – you don’t get paid to go to school. Don’t think that things are going to be as good as thy are now, or that things are good enough to take unnecessary risks. This probably isn’t the time to “follow your heart” unless your heart is telling you to take the job that pays the most, regardless of how much you like it.

It’s very important to start saving as early as possible so that you can take advantage of interest rates when they go up to earn interest. The earlier you start to save, the more you earn in interest. The key is to never miss a chance to earn and save. Always keep working, and never go to school unless you really need to and you are sure that it will produce a return on investment. Your priority has to be working and saving, and not spending money on frivolous things like travel or thrills. We are not at the right time in history for concentrating on sky-diving, zip-lining and surfing. Now is the time for saving.

Obama said Obamacare would not add to the deficit, CBO says it adds $1.35 trillion

In the video above, Obama promised the American people that his health care plan would not add one dime to the deficit. And the low-information voters who voted for him believed him. Just like they believed that they could keep their doctor, that they could keep their health care plan, that Obamacare would lower the costs of health care, that Benghazi was caused by a YouTube video, and so on.

So how much did Obamacare add to the deficit?

The UK Daily Mail has the latest numbers from the Congressional Budget Office.


It will cost the federal government – taxpayers, that is – $50,000 for every person who gets health insurance under the Obamacare law, the Congressional Budget Office revealed on Monday.

The number comes from figures buried in a 15-page section of the nonpartisan organization’s new ten-year budget outlook.

The best-case scenario described by the CBO would result in ‘between 24 million and 27 million’ fewer Americans being uninsured in 2025, compared to the year before the Affordable Care Act took effect.

Pulling that off will cost Uncle Sam about $1.35 trillion – or $50,000 per head.

The numbers are daunting: It will take $1.993 trillion, a number that looks like $1,993,000,000,000, to provide insurance subsidies to poor and middle-class Americans, and to pay for a massive expansion of Medicaid and CHIP (Children’s Health Insurance Program) costs.

Offsetting that massive outlay will be $643 billion in new taxes, penalties and fees related to the Obamacare law.

That revenue includes quickly escalating penalties – or ‘taxes,’ as the U.S. Supreme Court described them – on people who resist Washington’s command to buy medical insurance.

It also includes income from a controversial medical device tax, which some Republicans predict will be eliminated in the next two years.

If they’re right, Obamacare’s per-person cost would be even higher.

Did Obama know that he was lying when he said that his health care plan would not add one dime to the deficit?

Well, his buddy Gruber, the architect of Obamacare, certainly did:

But we should not be surprised, either by the low intelligence levels of Democrat voters or by the lies of Democrat politicians. After all, they want single payer health care – look what Harry Reid says:

“What we’ve done with Obamacare is have a step in the right direction, but we’re far from having something that’s going to work forever,” Reid said.

When then asked by panelist Steve Sebelius whether he meant ultimately the country would have to have a health care system that abandoned insurance as the means of accessing it, Reid said: “Yes, yes. Absolutely, yes.”

And they know – from looking up North to Canada – that single-payer health care will necessarily involve massive increases in taxes.

CTV News describes a recent study on the costs of single-payer health care in Canada:

A typical Canadian family with two parents and two kids will pay up to $11,786 for public health care insurance this year, according to a new study from the conservative think tank Fraser Institute.

Using data from Statistics Canada and the Canadian Institute for Health Information, the Fraser Institute study estimated the amount of taxes Canadian families will pay for public health insurance this year.

What do you get for $11,786?

You get to be on a waiting list for a primary care physician, and you get to wait months for treatment. You can pay taxes your whole life, and then wait behind people who want sex changes – people who have never paid a dime into the system. And sometimes, you die while waiting for treatment. That’s “fairness” and “equality”. And that’s where the Democrats want to take us.

Remember when Obama said that we could keep our health care plans and our doctors?:

Democrats voters looked at this man, and they just knew – without any studies or any evidence – that he was telling the truth.

But the Congressional Budget Office says that TEN MILLION people will lose their employer health plans under Obama by 2021.


The Congressional Budget Office now says ObamaCare will push 10 million off employer-based coverage, a tenfold increase from its initial projection. The “keep your plan” lie just gets bigger and bigger.

The latest CBO report is supposed to be a big win for the Obama administration because the projected costs are 20% below what the CBO first projected in 2010.

But the CBO report also shows that ObamaCare will be far more disruptive to the employer-based insurance market, while being far less effective at cutting the ranks of the uninsured, than promised.

Thanks to ObamaCare, the CBO now expects that 10 million workers will lose their employer-based coverage by 2021.

This is in addition to the FOUR MILLION who already lost their health care plans in 2013.