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share save 120 16 The Morning Flap: December 18, 2012

More Taxes and More Debt The Morning Flap: December 18, 2012

These are my links for December 17th through December 18th:

  • States Give ObamaCare Massive Vote Of No Confidence, Rightly So – If ObamaCare is such a great idea, why are so many governors — including several Democrats — refusing to play along? What do they know that the administration isn’t telling the rest of us?So far, not one part of ObamaCare has worked as planned. Almost immediately, the administration had to distribute huge numbers of waivers to companies because its initial rules would have forced them to drop their low-cost plans.ObamaCare’s high-risk pools promised to cover hundreds of thousands, but ended up attracting almost no one. The small-business tax break has been a complete bust. Insurance premiums are already spiking.And now states are in open revolt against two key elements of the law.
  • Anxiety rises as Americans face start of Obamacare – This March will mark three years since Obamacare became law, and it still has not had any serious effect on most Americans’ lives. That’s the way President Obama and the law’s Democratic authors planned it; they conveniently pushed the dislocations and unhappy consequences of national health care well past their re-election campaigns.But Obamacare will be here soon, with an Oct. 1, 2013, start of enrollment in insurance exchanges and a Jan. 1, 2014, deadline for full implementation. The political results could be deeply painful for Democrats.
  • President Delivers a New Offer on the Fiscal Crisis to Boehner – President Obama delivered to Speaker John A. Boehner a new offer on Monday to resolve the pending fiscal crisis, a deal that would raise revenues by $1.2 trillion over the next decade but keep in place the Bush-era tax rates for any household with earnings below $400,000.The offer is close to a plan proposed by the speaker on Friday, and both sides expressed confidence that they were closing in on a major deficit-reduction plan that could be passed well before January, when more than a half-trillion dollars in automatic tax increases and spending cuts would kick in.Senior Republican aides said the speaker was to meet with House Republicans on Tuesday morning to discuss the state of negotiations. But they cautioned that obstacles remained.“Any movement away from the unrealistic offers the president has made previously is a step in the right direction,” said Brendan Buck, a spokesman for Mr. Boehner. “We hope to continue discussions with the president so we can reach an agreement that is truly balanced and begins to solve our spending problem.”

    The two sides are now dickering over price, not philosophical differences, and the numbers are very close.

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The sell-out begins…..

share save 120 16 The Morning Flap: December 18, 2012
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