Tag Archives: National Debt

Commentary

Ten things Obama did to discourage companies from hiring

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This article was written a week ago on Investors Business Daily, and it is still in the top five!

Below is my favorite of the ten.

Excerpt:

Patient Protection and Affordable Health Care Act of 2010 (ObamaCare).

According to the congressional Joint Committee on Taxation, ObamaCare will hike taxes an estimated $15.2 billion, and the middle class will get whacked. We’ve already seen health insurance premiums go up because of costly ObamaCare mandates, which means less money available for spending on other things.

Moreover, employer mandates, taxes and penalties will reduce funds available for private-sector hiring. The mandates, taxes and penalties kick in when an employer has more than 50 employees, and they apply to all employees, so one effect of the law is to discourage small businesses — which create most American jobs — from hiring more than 50 people.

If a business has 45 employees and it needs to hire eight more people for a total of 53 employees, but it doesn’t offer health insurance or its insurance plan doesn’t satisfy the latest ObamaCare regulations, hiring those eight additional people would entail a $2,000 penalty for each of the 53 employees — a total of $106,000!

Many other provisions are likely to have unintended consequences, as well. The 2.5% excise tax on high-tech companies that produce pacemakers, heart valves, stents, defibrillators and other medical devices that help improve the quality of life or save lives is an estimated $20 billion hit. Anything that increases the cost of doing business is bad for jobs.

A mandate, by the way, is when the government forces all insurance company plans to cover elective things like abortions. When insurance companies have to cover more politically correct lifestlye choices, the premiums that normal people pay go up to cover the weird stuff. Are you a normal person? Did your medical premiums go up, or did you lose medical coverage through your employer? If so, then thank Obama – he needed to make sure that all his favorite special interest groups (e.g. – Planned Parenthood) got their money.

Read the remaining nine here.

Videos

Video shows how the increasing national debt hurts children

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A new video from Republican Whip Eric Cantor. (14 minutes)

If you have kids, you need to understand what a massive national debt means to your kids. It means they’re going to be very, very poor.’

Here’s another video that ECM sent me. (3 minutes)

Remember in November, especially if you have children.

Related links around the web

News

AFL-CIO union boss says that there is no budget deficit problem

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Here’s the video from Gateway Pundit.

Ooops:

I wonder how the union boss missed that graph.

And when you look at that graph remember that the Democrats controlled the House and the Senate starting in January of 2007. When things started to fall apart, and Bush didn’t have the political capital to pull out his veto pen and cut wasteful spending and bailouts.

Michele Bachmann doesn’t like unions

Anyway, here’s Michele Bachmann explaining what the 26 billion dollar union bailout will mean for the November elections. (H/T Gateway Pundit)

That’s why government should be limited. You only get to choose how to spend your money in a free market. If the government takes your money, then they get to decide how it’s spent, e.g. – on special interest groups that voted for the party in power. A dollar is either going to be spent by you on what you want – or it’s going to be spent by them on what they want. Think about it – who knows more about what to do with YOUR money – you or a politician who wants to be re-elected? The only solution is to keep government small – and only the Republicans (some of them – not all) are willing to try to do that.