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    ObamaCare: An Ever Increasing Tax on Young Americans

    04/21/2014

    Democracy and Power 104: Future Debt Burden

    A government debt is a government claim against personal income and private property – an unpaid tax bill. —Hans F. Sennholz

    ObamaCare: An Ever Increasing Tax on Young Americans

    Through his bureaucracy, President Obama has manipulated, extended and waived many parts of the ObamaCare law. Charles Blahous, of e21, reports these manipulations are adding to a colossal, fiscal disaster that will hurt taxpayers for decades:

    “…, what is unfolding before our eyes is a colossal fiscal disaster, poised to haunt legislators and taxpayers for decades to come.”

    Young Americans, wake-up! ObamaCare is piling up debt. Debt is an unpaid tax bill. Young Americans will be paying for ObamaCare, plus the ongoing manipulations of ObamaCare for decades. These eliminations and extensions are, in reality, additional taxes – by stealth:

    • The elimination of the CLASS from ObamaCare: CLASS - long-term care provisions – was always a budgetary gimmick that was projected to bring in $86 billion over ten years -gone forever.

    • Employer/individual mandate penalties were to produce tax revenue of $101 billion over 10 years. They have repeatedly delayed and thus the tax revenue is almost non-existent.

    • The ObamaCare law cut Medicare Advantage by $128 billion in ten years. The White House has unilaterally decided to rescind the cuts to Medicare.

    Worse for young Americans; Social Security, Medicare, and Medicaid are also their burden. No money is saved for these programs and in order for the federal government to honor their promises to recipients of Social Security, Medicare and Medicaid young Americans will be forced to pay more and more taxes. Blahous, a senior research fellow for the Mercatus Center and research fellow for the Hoover Institution as well as a public trustee for Social Security and Medicare, explains:

    “A Worse Fiscal Environment: The ACA (ObamaCare) was enacted when legislators knew, or should have known, that they inhabited a fiscal environment in which such extravagance was unaffordable. Deficits (and debt) are far higher today than when the other major entitlement programs were created; millions of baby boomer retirements are swelling expenditures arising from previously-enacted Social Security and Medicare law.”

    Again, young Americans, our debt is an unpaid tax bill. As Nobel Laureate Milton Friedman said:

    “Keep your eye on one thing and one thing only: how much government is spending, because that’s the true tax ... If you’re not paying for it in the form of explicit taxes, you’re paying for it directly in the form of inflation or in the form of borrowing.”

    Please, young Americans, wake up! Our federal government is spending well beyond what they are collecting in taxes. Our politicians are stealing your future. You must stop this theft. Only you – young Americans – have the self-interest and power to stop this terrible immoral taxation that is being thrust upon you by our stealth leaders.

    4 comments
    stonestone's picture
    stone stone
    04/21/2014

    At some point the Tea Party and its financial backers will need to realize they lost this one. Its over. Millions upon Millions of Americans are now signing up. What's even more is that many more recent enrolled are younger Americans. hence why I assume this article was written since the Tea Party knows that the plan works best when more younger people sign up and hence it would not be pleasing to the billionaires who have spent a considerable sum trying to get the law overturned. Perhaps instead of using that money to try and stop things that are good for Americans, they should instead apply that money to the greater good. I'll say this again- its over guys and you lost. So might as well move on. America cannot be bought.

    Morlocke's picture
    Morlocke
    04/28/2014

    Nice bit of revisionist history there. Republicans DID try to participate in the debate on the PPACA, but were completely shut out of the process that Obama promised would be an "open and transparent" debate in front of the C-SPAN cameras. Republicans offered over 80 amendments to the bill, every single one of which was rejected by Democrats. The one televised conference on the bill was obviously staged to provide the illusion of an open debate, but only demonstrated how closed-minded Democrats were to useful suggestions provided by their "esteemed colleagues."

    Let's put it another way - if the Democrats really did make a concerted effort to involve Republicans in the process of crafting this law, then they failed miserably. The only thing about this bill that was "bipartisan" was its opposition. This is a Democrat law, crafted by Democrat special interest groups and from which Democrat supporters (such as unions) have received exemptions. If the law is so great, why have there been so many delays, waivers and implementation issues?

    stonestone's picture
    stone stone
    04/22/2014

    Nope. Sorry but I believe you've been a tad bit misinformed. The ACA was created basically with hardly any help from the GOP, who were offered and given every opportunity to participate and yet sat on their hands. Meanwhile millions upon millions of dollars came pouring in via the Tea Party and its backers to try and stop the law from happening. What the Tea Part has tried and failed to do is seat politicians to do the bidding of the big money behind this so-called movement. The shame is that it failed. The ACA is a reality.That doesn't mean the Tea Party will go down without whining like a bunch of crybabies. They lost. Too bad for them, good for the rest of America.

    Morlocke's picture
    Morlocke
    04/22/2014

    It is pretty ironic to use the "America cannot be bought" argument to defend a law that was written by special interest groups and lobbyists behind closed doors and passed by extraordinary parliamentary chicanery. America cannot be bought, but you and your Democrat party obviously can be.

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