Obamacare Now Estimated to Cost $2.6 Trillion in First Decade – Weekly Standard “The latest estimate, as the chart details, is that Obamacare will cost $2.6 trillion dollars in its first real decade. The bill does not fully go into effect until 2014, therefore the estimate begins with that year. … the original estimate concealed the fact that most of the law’s spending only doesn’t even begin until four years into the 10-year window. A Senate Budget Committee analysis (based on CBO estimates and growth rates) finds that that total spending under the law will amount to at least $2.6 trillion over a true 10-year period (from FY2014–23) — not $900 billion, as President Obama originally promised.”
Dems Block Obama’s Tax-Cut Bill – Washington Times “Republicans, eager to put Senate Democrats on record on taxes, tried to force a vote Wednesday on President Obama’s proposal to extend middle-class tax cuts but raise taxes for the rich, but Majority Leader Harry Reid objected, essentially sidelining the president’s plan.” That’s right! The Dems Blocked Obama’s bill!
Higher US Unemployment in a Year: Pimco’s Gross – CNBC “Federal Reserve policies are progressively having less impact, and by this time next year we’ll see unemployment higher than today’s 8.2 percent, Pimco co-founder Bill Gross told CNBC’s ‘Street Signs’ on Wednesday.”
Rising Costs Push California Cities to Fiscal Brink – LA Times “Throughout the state, local governments are slashing services to avoid bankruptcy. For some, it’s too late. Facing the same financial stressors that pushed San Bernardino toward bankruptcy, cities across California are slashing day-to-day services and taking other drastic actions to skirt a similar fiscal collapse.”Print This Post Send To A Friend