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No Wonder Our Horse Won't Run (It's weighed down by a thousand-pound ObamaCare jockey)
American Thinker ^ | 01/14/2013 | Deane Waldman

Posted on 01/14/2013 7:55:32 AM PST by SeekAndFind

The U.S. economy is a thoroughbred racehorse that has won every past race. Now, it won't run at all.

The trainers (Washington) first tried the "carrot" approach. They tempted the horse with apples (TARP funds), but somehow, the apples never got to the horse. Then they offered actual carrots (bailouts), but the faster rabbits (banks) ate them before the horse could. The thoroughbred just stood there.

The trainers switched to the "stick." They took away the horse's oats and hay and gave his food to a favorite animal (Solyndra). They removed the racing saddle (first position on GM stock), gave it to a rival horse (unions), and replaced the lightweight saddle with a very heavy western one (massive increase in bureaucracy). The horse started wobbling.

Now they are bringing out a cattle prod (higher taxes for all). The horse is falling down. I can see why.

INSERT GRAHIC IMAGE (Obese man on horse) HERE

The jockey atop the horse promised us he weighed less than nothing (would reduce costs). In fact, he weighs over 1,000 pounds (>$1 trillion in new spending). The jockey's name is ObamaCare. No wonder the poor horse won't run. He can't while carrying all that weight! Since our stagnant economy is clearly foremost in everyone's mind, let's see how the ACA harms us not just medically, but fiscally.

Tax-paying citizens

A penalty tax (formerly the "individual mandate") will be imposed on tens of millions of (legal) Americans who are uninsured or underinsured. A minimum estimate is $2,500 more per year out of your wallet.

In New York State, Obama's "free" health insurance will cost those earning $35,000/year almost 16% of their total income ($5,555). A family earning $85,000/yr will pay 19% ($16,408/year) for Obama's "affordable" health insurance.

The Medicare tax of 2.9% goes up to 3.8%.

(Excerpt) Read more at ...

TOPICS: Business/Economy; Culture/Society; Government; News/Current Events
KEYWORDS: economy; obamacare

1 posted on 01/14/2013 7:55:36 AM PST by SeekAndFind
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To: SeekAndFind

Is there a tax on capital gains buried in the ACA? I am under the impression that there is. Can anyone shed any light on this?

2 posted on 01/14/2013 8:06:58 AM PST by Saltmeat
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To: SeekAndFind

Obamanomics bump for later......

3 posted on 01/14/2013 9:22:32 AM PST by indthkr
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To: Saltmeat

But...But...I thought only the rich people were going to get screwed!?!?!?


4 posted on 01/14/2013 11:14:39 AM PST by Chuckster (The longer I live the less I care about what you think.)
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