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WSJ Chief Economist: 75% of Obamacare Costs Will Fall on Backs of Those Making Less Than $120K
humanevents.com ^ | July 1 2012 | By: Jim Hoft

Posted on 07/01/2012 2:01:50 PM PDT by NoLibZone

Take Your Medicine, America… Stephen Moore, Senior Economics Writer with the Wall Street Journal, told FOX and Friends this morning that nearly 75% of Obamacare costs will fall on the backs of those Americans making less than $120,000 a year.

(Excerpt) Read more at humanevents.com ...


TOPICS: Extended News; Politics/Elections
KEYWORDS: gutthemiddleclass; obamacarecosts; obamacaretax
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1 posted on 07/01/2012 2:01:57 PM PDT by NoLibZone
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To: NoLibZone

It will be more like 95%.

The rich don’t draw income.

They can hide and delay incomes.

They can live partially offshore as Hollywood celebes’s do.

Its the Middle Class that must draw a salary and keep all economic activity local.


2 posted on 07/01/2012 2:04:19 PM PDT by NoLibZone (We must get down on our knees each day and thank God that McCain/Palin didn't win in '08.)
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To: NoLibZone

Karl Marx wanted to get rid of the middle class.

Marx envisioned a return to the “natural order” where there would be a ruling aristocracy and a bunch of serfs (guess which class Marxists are going to be in and guess which class the rest of us will be forced into.)

Using Marx’s ideas to help the middle class is like using Hitler’s ideas to help the Jews.

We elected a bunch of Marxists - what do anyone expect to happen?


3 posted on 07/01/2012 2:05:37 PM PDT by Tzimisce (THIS SUCKS)
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To: NoLibZone

..and the liar in chief said that only those earning 250K and above would be taxed more.

The scum in the White House and his flying Monkeys.


4 posted on 07/01/2012 2:07:36 PM PDT by SandRat (Duty - Honor - Country! What else needs said?)
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To: NoLibZone
WSJ Chief Economist: 75% of Obamacare Costs Will Fall on Backs of Those Making Less Than $120K

Not for long.

5 posted on 07/01/2012 2:07:55 PM PDT by Steely Tom (If the Constitution can be a living document, I guess a corporation can be a person.)
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To: Tzimisce
Karl Marx wanted to get rid of the middle class.

If we're not careful, years from now they will be studying how 0bama succeeded, along with destroying the greatest and most powerful country on earth - from within!

6 posted on 07/01/2012 2:08:34 PM PDT by The Sons of Liberty ("Get that bastard out of MY White House!")
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To: The Sons of Liberty
If we're not careful, years from now they will be studying how 0bama succeeded, along with destroying the greatest and most powerful country on earth - from within!

He already did. The Ruling last Thursday gave them just what they needed.

We lose ONE election from here on out.

We get over run by our "moderates" ONE time. - And we're screwed.

We're no longer hanging by a thread - we're now in complete freefall.
7 posted on 07/01/2012 2:12:36 PM PDT by Tzimisce (THIS SUCKS)
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To: NoLibZone

Statistically that has to be the case.

There aren’t that many rich, we can take ALL their money away and it doesn’t really make any difference.

The whole 99% vs 1% was total bullsh!t conjured up by liberal idiots.


8 posted on 07/01/2012 2:15:23 PM PDT by nascarnation
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To: NoLibZone

Lies. All lies.

The MSM and the President both told me I am getting free healthcare, and that is what I choose to believe.

The GOP wants me to die, and that is why they want to take it away from me, and why I hate them.

(/typical voter mode)


9 posted on 07/01/2012 2:18:51 PM PDT by comebacknewt (Newt (sigh) what could have been . . .)
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To: nascarnation

If the Democrats and Barack Hussein believe this legislation is so good then the GOP should demand that they cancel all waivers given to selected groups to not participate.


10 posted on 07/01/2012 2:20:58 PM PDT by LetsRok
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To: NoLibZone

What about unemployed people who have exhausted unemployment-insurance benefits? Is there a provision for them to go to labor camps?


11 posted on 07/01/2012 2:23:28 PM PDT by UnwashedPeasant (Don't nuke me, bro)
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To: NoLibZone

Better get a higher paying job so you won’t be taxed, no, penalized so much.


12 posted on 07/01/2012 2:24:23 PM PDT by SkyDancer ("Ambition Without Talent Is Sad - Talent Without Ambition Is Worse")
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To: LetsRok

The waivers are how the Chicago mob operates.

How foolish so many Americans, under the spell of the MSM, were to think Baraq Obama was anything other than a criminal dictator.


13 posted on 07/01/2012 2:25:44 PM PDT by nascarnation
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To: NoLibZone

Not one single penny of new taxes to be levied on ANYONE making less than $250,000/yr. (period!)


14 posted on 07/01/2012 2:26:06 PM PDT by EGPWS (Trust in God, question everyone else)
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To: LetsRok

Indeed. Isn’t it telling that most all of those getting exemptions in some way or another are “friends of Obama” or the political elite who are always wanting to “compromise” with him?


15 posted on 07/01/2012 2:26:41 PM PDT by mrsmel (One Who Can See)
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To: NoLibZone

Most of the rich already have insurance.

How does the revenuers plan on making joe six pack pay?
He or she is struggling to get by earning under 30 grand a year. Better take it from the paycheck like guv.con does for the other taxes.

What about the hundreds of thousands who dont work or make under 20 grand?


16 posted on 07/01/2012 2:37:55 PM PDT by winodog
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To: NoLibZone

Obamacare is designed to increase the number of freeloaders filling up normal doctor offices by 30 million. These people have massive amounts of free time on their hands and will out-compete people with jobs in the waiting room. Going to a doctor anywhere in America will be torture. Socialism is shared misery.


17 posted on 07/01/2012 2:38:04 PM PDT by Reeses
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To: winodog

The entire health/medical/insurance industry is unaffordable for a nation that is service orientated.?

The feds helped/allowed/encouraged manufacturing to pack up and move to Red China in the name of whatever. The bottom line is the American people never got to vote on Congress sending our livelyhoods to a sworn enemy.

Then the highly educated goobers who run the banking/finance/wallstreet/federal reserve played with interest rates and loaned billions of dollars to people knowing in advance they would not be paid back. They destroyed housing arond the world on purpose.

Anyway what was I talking about.

Its unaffordable, especially when there are no jobs and the few that are out there do not pay much especially when you consider the revenuers are destroying the dollar as well as the middle class.

Rant off


18 posted on 07/01/2012 2:47:27 PM PDT by winodog
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To: NoLibZone

Assume the “bend over” position until further notice.


19 posted on 07/01/2012 3:14:58 PM PDT by Huskrrrr
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To: winodog

Does anyone think those unemployed Occupy Wall Street protesters who are unemployed and neck-deep in student debt are going to be happy about paying this “penalty?”


20 posted on 07/01/2012 3:19:47 PM PDT by Alberta's Child ("If you touch my junk, I'm gonna have you arrested.")
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