“AT&T Inc. will take a $1 billion non-cash charge in the first quarter” the Associated Press reported today. And by “take a non-cash charge” what they really mean is that President Barack Obama’s health spending plan just ate $1 billion out of AT&T’s bottom line. And that’s to pay for just one of the tax hikes wrought by Obamacare. AT&T is just one of many companies that subsidize Medicare drug coverage for their retirees. The new health law slaps a tax on those subsidies, effective next year. In addition to …
From day one we have been highly skeptical of Congress’ ability to cut Medicare as necessitated to fund Obamacare’s $2.5 trillion in new spending. The top down cuts-by-committee-of-experts approach is far too susceptible to typical Washington deal making. Now we learn that in order to secure votes in the final days before passage, the House has already proved Obamacare will only increase, not decrease, Medicare spending. Kaiser Health News reports: A last-minute deal to win votes for the health care overhaul underscores the political dilemma for Congress as it tries …
Ever since Sunday’s vote to pass health care reform, the media has focused on the reconciliation vote in the Senate, analysis of how passage affects Democrats political standing, President Obama’s poll numbers—anything other than how this new law will affect the American people. However, now that Obamacare is law, it’s more important than ever to remind ourselves about the true consequences of this massive legislation and the importance of repealing it.
As soon as President Barack Obama signed the Affordable Health Care for America Act of 2010 into law, Virginia Attorney General Ken Cuccinelli filed suit against the federal government, arguing that the legislation is unconstitutional. Cuccinelli highlights the individual mandate as particularly offensive to the Constitution, emphasizing that “at no time in our history has the government mandated its citizens buy a good or service.” Some disagree with Cuccinelli, pointing to the Second Militia Act of 1792 as evidence that the individual mandate is not unprecedented and furthermore that the …
As President Barack Obama embarks on a high profile campaign to bolster public opinion of his health care plan, there is one man who is already convinced that Obamacare is the right move for America – Fidel Castro, the Cuban revolutionary leader and first secretary of the Cuban Communist Party. According to an Associated Press report, Castro hailed Obamacare as “a miracle” and “an important battle and a success of (Obama’s) government.” Castro went on to favorably compare President Obama’s health care plan to the one Cuba enacted a half …
A Seattle area mother is distraught because a school-based clinic at her daughter’s high school arranged for the girl to have an abortion, even providing a taxicab to the clinic, without notice to her parents. A spokesman for the King County Health Department summarized the situation simply when he commented, “At any age in the state of Washington, an individual can consent to a termination of pregnancy.” Washington is one of a handful of states that do not have a parental notice or consent law, according to Americans United for …
The U.S. Senate is currently debating H.R. 4872, which amends the Obamacare bill passed by the House Sunday evening and signed into law by the President on Tuesday. This second piece of legislation is advertised as necessary to “fix” problems with the basic Obamacare legislation — such as by deleting the notorious “Cornhusker Kickback” and by altering the timing and scope of the new penalty tax on “high-cost” health insurance plans. However, other parts of H.R. 4872 actually make the original bill worse — for example, the provision that would …
A President presides over an unpopular war, while pursuing domestic goals that are the centerpiece of his actual interest. He is forced to choose between focusing his attention on developments overseas, and pushing through major domestic programs that will dramatically expand the purview of government. Which does he choose? Barack Obama in 2010? Or Lyndon Baines Johnson in 1965?
One of the more controversial – and unconstitutional – components of health care reform President Barack Obama signed into law yesterday is Congress’ mandate that individuals purchase health insurance or face a fine. The Heritage Foundation has documented that there is no provision in the Constitution empowering Congress to force Americans to buy a good or service. What’s more, the nonpartisan Congressional Budget Office agrees the mandate is entirely unprecedented. So where does Congress get the authority to justify that provision? On Friday, CNSNews.com went to House Judiciary Committee Chairman Rep. John …
At the signing of the Senate health bill today, President Barack Obama said: “In a few moments, when I sign this bill, all of the overheated rhetoric over reform will finally confront the reality of reform.” Let’s review some of the “overheated rhetoric” that is about to get tested by reality. Over the past months, the President and Congress have promised: that premiums would drop by $2500 per family; that if you like what you’ve got, you can keep it; that it would bend the cost curve down; that it …
