The Coming Obamacare Recession

To the shock of many, U.S. GDP shrank in the fourth quarter of 2012 by 0.1%. Immediately, however, economists and commentators flooded the media with reassuring explanations. Super Storm Sandy reduced economic activity in the areas it ravaged; worries about the fiscal cliff and sequestration dampened business spending and government defense spending; businesses let inventory levels dwindle. Even the Federal Reserve commented that the GDP drop was the result of “weather-related disruptions and other transitory factors.” All this is true, to some extent. But none of the reporting I saw even mentioned the elephant in the room that not only depressed economic activity in the fourth quarter of 2012, but will continue to depress economic activity through 2013 and beyond. That elephant is the “Affordable Care Act,” aka “Obamacare.”
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One Response to The Coming Obamacare Recession

  1. If you are concerned about the damage Congress is doing to the future of our kids, please consider suggesting that every High School Home Room in your community post and update weekly the information on the blackboard as indicated below:

    “On Valentines Day 2013 each person in this classroom owed $52,380 on our National Debt. Including your teacher! This means a class of 25 students would owe $1,334,500!

    “Twenty years ago your parents individual share of this debt was only $17,115!

    If you want to take home as much money as your parents did, you’d better get the best education you can possibly get because you will need the best paying job you can possibly get.
    Since we have elected a Congress that has used this debt as a means to assist foreign nations that openly despise us, bail out large corporations in fiscal trouble, and provide all kinds of things we cannot afford, we must accept the responsibility to advise our children why their taxes will be the highest in history as long as they live.

    It is also recommended that students be encouraged to ask their parents and teachers why Congress considered it forthright and fair to force America’s children to accept an overwhelming debt mandated without their knowledge or consent.

    Note: The intent of this entire post is in accord with the Mission Statements of all educational programs in the United States. It is our responsibility to prepare our children to survive and thrive in the real world. We should therefore willingly and openly discuss what Congress has done and continues to do to our children’s future.

    Sooner or later it will be time to be up front with those who will by paying for all those things we cannot afford. It is time that educators get busy and teach our kids why they need the best education they can possibly get. Just do it before it is too late.

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