Posted on 06/08/2015 4:02:59 AM PDT by rootin tootin
The Democrats and their media allies have predicted wrack and ruin if the Supreme Court rules against the government in King v. Burwell, a decision that would stop the IRS from issuing Obamacare subsidies through federal insurance exchanges in three-dozen states. They have wildly exaggerated the inconvenience that such a ruling would cause a tiny percentage of the population and ignored the benefits that it would provide tens of millions of Americans. One of these benefits would be the removal of PPACA’s dead weight from an economy whose first quarter performance suggests that the anemic Obama recovery may be stalling.
During the first three months of 2015, Gross Domestic Product contracted at an annual rate of 0.7 percent. And, euphoric “news” stories about the government’s May jobs report notwithstanding, this year’s monthly job gains remain well below last year’s average. It is difficult to prove that Obamacare alone has caused the slowdown, but it tends to confirm the inauspicious findings of several Federal Reserve surveys concerning the law’s economic effects. Even if “reform” isn’t solely to blame, there can be little doubt that removing its mandates from the backs of employers and workers in three-quarters of the states would stimulate the national economy.
And a SCOTUS ruling against the Obama administration would eliminate those job-killing mandates ...
(Excerpt) Read more at spectator.org ...
SCOTUS needs to stop the hand wringing and render the decision.
They will probably rule for King, however, they probably will be a grace period.
I agree with your assessment.
The grace period will be the life of the contract. Existing policies that must be renewed in say November or 1 January or what ever can not be renewed
Don't you at least have to have the engine running in order to stall?
Obama Recovery? It's another false premise, repeated often enough. The Big Lie. There has been no recovery. Only redistribution from makers to takers with the cronies getting a fat slice - the Chicago way.
“first quarter performance suggests that the anemic Obama recovery may be stalling”
It must be those fantastic 10 hour per week jobs.
Answer...No
The idiot Republican leadership already has a plan to keep the subsidies in place.
How could it NOT help?
It’s an anchor, a drag a huge resource vacuum and opportunity killer.
Everything is in a holding pattern or falling apart from the friction ACA has been on hiring and expansion, available income for spending - we’re all treading water (which has it’s inevitable time limit).
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