Obamacare wipes out Obama’s sought after tax increases

Our annual deficit has been running in excess of $1 trillion per year over the last 4 years.  Our President has now demanded tax increases of $160 billion per year, from the “rich” to off set that deficit. 

Not only does his proposal not even come close to offsetting our “new normal” annual trillion dollar deficits, but it won’t even pay for the annual costs of Obamacare.  And, here is why.

The Congressional Budget Office estimates that beginning in 2014, Obamacare will cost us $176 billion per year.

So, under the President’s proposal for 2013 we will “only” have an $840 billion deficit if his tax increases are implemented.  However, in 2014, when Obamacare is implemented, our annual deficit will be right back to where it is today.

Then what?

Remind me again, by what amount did President Obama say that Obamacare would reduce our deficit?

 

22 replies
  1. Lynn
    Lynn says:

    It is President Obama’s plan to bankrupt the US, this means all the countries can be fair and equal. He is not evil, he believes this is right and just. With the help of the media, he was elected. ?I don’t know what that says about us.

  2. sammy22
    sammy22 says:

    Pres. Obama is not going to run again. So how are you going to change the “message” so that the Republicans do not buried again 4 years from now?

    • Lynn
      Lynn says:

      Most people vote with their hearts not their heads. It is not the message that is the problem. Governor Romney ?explained a plan to save our economy, which would bring back jobs and raise revenue. I believed in that message along with restructuring Obamacare. ?The media changed and misconstrued his message ?and made the issue a war on social issues, which we can’t win. We can’t change ?the media, so we have to back a candidate that will appeal to the broadest range of voters, so that they will not listen to a lying media. Emotion rules! Besides, what kind of a country would we have if there is only one message that works?

    • Dimsdale
      Dimsdale says:

      “I told you so” is a great start!? Then see which voting blocks (as opposed to informed voters) can be assembled to garner the most votes.

  3. sammy22
    sammy22 says:

    Blaming the messenger (i.e. the media) will not win the next election. I listened carefully to what Mr. Romney said and could not believe him. A message that includes working with the opposition (the Dems) might get people interested in listening more attentively.

    • Lynn
      Lynn says:

      I’ve listened to President Obama for 4 years now. ?Not only do I not believe him, but he has proved his economic policies don’t work. He was not able to keep one of his promises on lowering unemployment or growing the economy. In ?Obamacare, he gutted the money for Medicare and prevaricated about it. Now, that CBO has real figures instead of ?those Make believe figures given them, we have reasonable projections. Now give me one reason why I would believe Obamacare would be “Affordable Healthcare”? Only a public in love with a rock star President would believe him.?

      • Dimsdale
        Dimsdale says:

        Exactly.? I wonder if Sammy will illuminate us with the things ?bama said or says that impress him as truthful or believable.

    • SoundOffSister
      SoundOffSister says:

      The CBO’s projection on Obamacare costs depends on the number of people the CBO beleives will need government assistance to afford the now mandated insurance, and what will their subsidy need to be.? It also depends on the number of people who will be put on Medicaid and what will their cost of medical care be.? If fewer people need less dollars, or if more people need more dollars, the projection will be wrong.
      But, when it comes to tax rate increases, the CBO is always wrong beause?it fails to consider the history of tax rate increases.??Rate increases?have always reduced tax revenues. And rate reductions have always increased tax revenues.

      When it comes to Obamacare there is no “track record” to use as a guideline.

    • Dimsdale
      Dimsdale says:

      The green graph on the first demonstrates that Dems outspent the increases.? Others show the social programs parasitizing the rise in incomes.? Unfortunately, when the incomes fall, or unemployment increases, the entitlement programs remain.? Bingo!? High deficits!

  4. JollyRoger
    JollyRoger says:

    The American people are deeper in debt per person than the folks in Greece!? As much as Barry (as our representative)?likes to bow to leaders all around the world, he would love to have the whole damned nation groveling to China, Russia…? He’s an angry little man with a philandering father, jail bait mother, half-brother issues of not being black or white, manchurian Ivy League education…? The left say the other side is stupid because we vote against our own self interest, but I think the left is stupid to believe they can keep voting themselves free stuff as Barry gives away the store!

  5. JBS
    JBS says:

    Obama’s re-election claims are null and void. Our existential president has no past only the present. Having said anything and done anything to be reelected, he is now free to, continue. Not being constrained by a past, Obama can continue to play events to his favor. The numbers don’t add up for Obamacare? So what? They never did — to have believed the Democrat’s rhetoric is naive, at best.
    Not much can derail Obama’s continuing destruction of the US. The Republican Party is moribund. Obamacare will be implemented by lurches and sweeps. Confusion will reign. Nothing will change for the better. The Dems will continue to take care of their supporters — except the unions; the Pubs are out in the cold. The losers are the middleclass; the poor will remain Democrat and poorer.
    Obama doesn’t really need to anything. Mischief managed.

      • yeah
        yeah says:

        I think Sammy rhymes with Crystal….LOL….same inane carping, same absence of any sense or argument whatsoever…

      • Lynn
        Lynn says:

        No, Crystal was downright mean. Sammy just looks at things differently and is not mean. Definitely two different people. Frankly he makes it more interesting to have an exchange of ideas. I have to admit I couldn’t write on a Liberal blog, it would be too frustrating.?

      • JBS
        JBS says:

        Possible to come back with a different identity. Writing style and core philosophy is difficult to alter. I think management will check to make sure it’s not Crystal or Crystal Lite. Mean? Yes, and attacking, really like many of the blogs I visit. Some people are really nasty just to make a comment. The comments mostly have no merit nor are they perceptive or thought provoking.?
        Sammy 2.2 isn’t either, just irritating sometimes.
        Is liberal blog an oxymoron?

      • Dimsdale
        Dimsdale says:

        I remember Crystal well.? Countering her “points” was like shooting puppies in a barrel (my apologies to the dog lovers of the world).? Sammy likes to be a bit of a devil’s advocate.? I welcome his perspective.

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