Posted on 03/25/2016 10:03:27 PM PDT by MtnClimber
We have been covering the consumption tax, pardon, endless spending black hole that is Obamacare for over a year, so we doubt it will come as a surprise to anyone that in 2015 healthcare was the second biggest use of US consumer funds, soaking up a record $1.9 trillion in real dollars, and more importantly for US economic "growth", the single biggest source of incremental spending by nearly a factor of two.
Incidentally, with spending on healthcare (courtesy of the Supreme Court's Obamacare tax) soaring, while outlays on the traditionally most consumption-intensive category, housing and utilities, going nowhere for the past several years, it is only a matter of 2-3 quarters before Healthcare surpasses Housing as the biggest use of American cash.
Putting this in context, a recent report from Freedom Partners Health found that health insurance premiums have increased faster than wages and inflation in recent years, rising an average of 28 percent from 2009 to 2014 despite the enactment of Obamacare, or rather "because of." Obama signed the Affordable Care Act into law on March 23, 2010, and Wednesday is the law’s sixth anniversary.
So, without further ado, this is what drove American consumer spending in the officially concluded, for GDP purposes, 2015. We show this just in case there is still any confusion why US households are unable to channel more spending into "discretionary", non-mandatory purchases unlike Obama's "health insurance" tax, pardon, noble venture.
Thank you dear leaders! Since you exempted yourselves, maybe the slave taxpayers can think up some hell-hole conditions for you and yours too.
Remember what Chewbacca said, “Some of us are going to have to give up their pie so others can have more.”
Marxist income re-distribution. Nine more months.
Yeah, but what did you spend your $2500 savings on?
America is a country with two (2) Laws. One for the People. The other for Islamic terrorists and the "US" Congress.
The whole point of Zerocare was to fail, so people would clamor for single-payer government monopoly healthcare, which is what the libs wanted in the first place.
The whole point of Zerocare was to fail, so people would clamor for single-payer government monopoly healthcare, which is what the libs wanted in the first place.
Single payer may have been the goal. But I don’t believe it was going to come off the unmitigated failure of Obamacare.
I believe Obamacare was supposed to work just enough but with problems that needed government intervention to fix
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