The Court Rules: Obamacare is the Largest Tax Increase in the History of the World – Rush Limbaugh   “And we, the American people, have just been deceived in ways that nobody contemplated.  And what we now have is the biggest tax increase in the history of the world.  What we have been told by the chief justice of the Supreme Court and four liberals on the court: Obamacare is just a massive tax increase.  That’s all it is.  Obama lied to us about that.  The Democrats lied. ‘It wasn’t a tax. There was no way it was a tax.’ … So Obamacare is nothing more than the largest tax increase in the history of the world.  And the people who were characterizing it as such were right and were telling the truth.  We have the biggest tax increase in the history of the world right in the middle of one of this country’s worst recessions.”

The New and Even Worse Obamacare – National Review   “The political case for repealing Obamacare, which has always been the most significant and relevant case, is stronger than ever after today’s decision. Left alone, the law will spend well over a trillion dollars in the coming decade on yet another health-care entitlement program and on the expansion of existing entitlements, micromanage the insurance industry in ways likely to make it even less efficient, employ even heavier price controls of the sort that have always failed in Medicare, and raise half a trillion dollars in taxes on employment, investment, and medical research. And now we know that its tax bill will be even higher than we thought, and that its reduction of the uninsured even smaller. Today’s decision just means that President Obama must now embrace this monstrosity even tighter, and that the case for replacing him has grown even clearer and more powerful.”

GOP Governors Vow to Ignore Obamacare – Washington Examiner   “RGA Chairman Bob McDonnell said, ‘Today’s ruling crystallizes all that’s at stake in November’s election. The only way to stop Barack Obama’s budget-busting health care takeover is by electing a new president. Barack Obama’s health care takeover encapsulates his presidency: Obamacare increases taxes, grows the size of government and puts bureaucrats over patients while doing nothing to improve the economy.’”

Supreme Court Upholds Obamacare: What It Means, What Happens Next – Forbes   “An invigorated Republican Party: Having survived the Supreme Court, Obamacare is now before the voters in the November elections. Republicans will use this to push for victory so they can repeal the law, which is opposed in some measure by more than 60% of voters.  If they win, they face the challenge of fulfilling those promises without angering voters by eliminating popular provisions like the elimination of pre-existing conditions and lifetime policy caps, no-copayment checkups, and coverage for children up to the age of 26.”

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By Mac Slavo

It’s official. President George Bush’s Supreme Court appointee Chief Justice John Roberts has sided with the liberal-leaning members of the court and upheld the key provisions of the Patient Protection and Affordable Care Act.

While the government can’t force Americans to buy any particular good or service, the Supreme Court’s landmark decision essentially says that your failure to purchase health care will require a tax penalty, thus leaving you with no other Read More »

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Romney: ‘If We Want to Get Rid of Obamacare, We’re Going to Have to Replace President Obama’ – Weekly Standard   “‘Let’s make clear that we understand what the Court did and did not do,’ Romney said today, speaking in Washington, D.C. ‘What the Court did today was say that Obamacare does not violate the Constitution. What they did not do was say that Obamacare is good law or that it’s good policy.’ Romney added: ‘Obamacare was bad policy yesterday. It’s bad policy today. Obamacare was bad law yesterday. It’s bad law today.’”

Rubio: IRS to ‘Come After’ Uninsured – Politico   “‘I hope people back home fully understand what this means, and here’s what this means: It is now unlawful for you not to buy health insurance, and if you do not buy it, you have an IRS problem,’ the Florida Republican said on Fox News. ‘If you do not buy health insurance, the IRS is going to be on your back and chasing you. They’re going to take away your refund, they’re going to increase your fees, they’re going to come after you.’”

The Supreme Court’s Surprise – Commentary   “Judging by the signs being carried, the overwhelming majority of the crowd outside the Court this morning was anti-ObamaCare. With the upholding of the mandate, ObamaCare survives. For now. But I suspect the already energized anti-Obama forces in this year’s election will now be supercharged. The only way to get rid of this deeply pernicious piece of legislation will be to get rid of Obama. Requiring all candidates for federal office to sign a promise to repeal ObamaCare as a precondition of support would be a starter.”

Japan’s Debt Addiction Creating ‘Mother of All Bubbles’ – CNBC   “He adds that currently half of the government’s revenue goes to paying the interest rate on these bonds. ‘It doesn’t take a rocket scientist to work that if those rates start ticking up, for whatever bizarre reason, you may see the Japanese government spending 100 percent of its tax take on pure interest-rate servicing and that’s a very dangerous position to be in,’ McFadden said.”

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By Wayne Allyn Root

I’ll admit I wanted to see Obamacare struck down by the Supreme Court. Yet I rooted for this outcome with trepidation. Because the loser of this decision would gain the edge in the election. Why? Simple. Voters are motivated by fear, anger, shock, and outrage.

Just like consumers. Rarely does a consumer ever contact a business owner like me to tell me how great my business or products are. Read More »

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By Jack Kneafsey

After letting the dust settle somewhat from today’s Supreme Court ruling on Obamacare, I thought you might find the following comments and links to these comments to be helpful and informative:

Supreme Court Upholds Mandate as Tax – Wall Street Journal

“Although the law survived the court challenge, it faces an uncertain future. Republican presidential candidate Mitt Romney and GOP congressional leaders have pledged to repeal the law if Read More »

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By John Tamny

“General Lucius Clay, postwar Governor of the U.S. military zone in Germany, remarked to Finance Minister Erhard, ‘My advisors tell me that you should not try to balance the budget, but should engage in deficit spending.’ To this Erhard replied, ‘My advisors tell me the same thing, but we are not going to do it. We intend to balance our budget, not to incur any indebtedness, to avoid Read More »

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Democrats Afraid to Be Seen with Obama? –  Commentary   “So it is surely a sign of something close to panic that Democratic Congressional Campaign Committee head Steve Israel is publicly advising Democrats to stay home from President Obama’s nominating convention this year. … The most notable of these Democrats was Missouri Senator Claire McCaskill, whose declaration that she would be caught nowhere near the president’s convention seems to have spooked her party into making a monumental unforced error.”

Biden: “It’s A Depression For Millions And Millions Of Americans” – Buzz Feed   “Biden pushing middle-class, jobs: ‘it’s depression for millions and millions of americans’ searching for work.”   I have just one question relating to this: how can these comments possibly correlate to Obama’s recent statement that “the private sector is doing fine”?

Holder Faces House Contempt Vote on Gun Probe – Reuters    “U.S. Attorney General Eric Holder faces a contempt vote by the House of Representatives on Thursday in a dispute involving a botched gun-running probe, and the chamber’s top Democrat, Nancy Pelosi, said some in her party may line up with Republicans against him.”

Time to Occupy State Pensions? – American Interest   “The biggest scam going in American financial life may be the collusive effort by Wall Street, the political class, and public sector unions to use union retirement money to prop up Wall Street speculation. That the public unions are in effect fighting to retain the ‘freedom’ to put worker pension money in high risk, high fee assets is an indication of just how intellectually and politically bankrupt much of the American public sector labor movement has become.”

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By Andy Sutton

Recently, the Treasury Department almost gleefully and proudly announced that foreign holdings of US Debt had hit a record high during the month of April and that bond heavyweight China had upped its holdings after trimming for two straight months. This dovetails nicely with a story that was published earlier this week about the federal reserve and its own holdings of US Debt, which have increased over 450% in the Read More »

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America Sets a New Record for Old Cars – CNBC   “Feel like you’re driving an old car? You’re not alone. In fact, the average age of vehicles in the U.S. has hit a new all-time high. Experian Automotive says the average age of the 245 million vehicles registered in the U.S. in the first quarter of this year was 11 years.”

House Dems’ Campaign Chief Urges Candidates to Steer Clear of Convention – Fox News   “The top Democrat in charge of getting other Democrats elected to the House is urging his party’s candidates to steer clear of the national convention later this year. The piece of advice from Rep. Steve Israel, D-N.Y., chairman of the Democratic Congressional Campaign Committee, ‘If they want to win an election, they need to be in their districts,’ Israel said of Democratic congressional candidates, according to Reuters.”

Senate Deal Would Freeze Student-Loan Rates for Year – Washington Post   “The agreement would freeze the interest rate for a year, preventing it from doubling from 3.4 percent to 6.8 percent on July 1, making college more affordable for students as tuition costs are rising. … If the deal emerges from Congress intact, Obama is likely to take credit for having forced the issue to the front of the agenda, but Republicans have countered that an agreement could have been reached weeks ago had Democrats not decided to make it a campaign issue. Republicans say that Democrats slow-walked the negotiations to allow the president to paint the GOP as recalcitrant and willing to risk higher college costs.”

Mediation Fails, Pushing Stockton Toward Bankruptcy – NY Times   “The new budget will suspend debt payments, cut employee pay and reduce retiree benefits, allowing this city of about 292,000 residents to continue providing essential services through the bankruptcy process. … Bankruptcy experts and officials at other fiscally wounded cities are keeping close tabs on Stockton as it unravels.”

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