Americans have every right to be worried. Come January 1, 2014 and for years to come, their health insurance premiums will implode, their taxes will increase, and the nation's deficit will soar-all thanks to President Obama, those who voted him and Democratic Congressmen who voted for ObamaCare.
Americans can expect individual premiums to become unaffordable. According to a new report released by the House Energy and Commerce Committee, ObamaCare will increase individual health insurance premiums by an average of nearly 100 percent. In some cases, premiums could rise by 400 percent. The committee prepared the report based on internal documents they received from some of the nation's largest health insurance companies. "The average yearly cost for a new customer in the individual market grows from $1,896 to $3,708-a $1,812 cost increase," the report states.
The Committee projections were right. Last week, for example, Covered California-the name for the state's insurance exchange-released the rates that Californians will have to pay to enroll in the exchange-an increase of up to 146 percent for individual premiums. more >>
The annual Trustees Report for Social Security has just been issued and the news is that there is no news. Social Security is on its way over a fiscal cliff – what we hear every year when the report is issued.
According to this year's report, Social Security will be insolvent in 2033 – 20 years from now - when those now 47 years old will be eligible for their full promised benefits.
Nothing gets done because the heroes representing us in Washington won't act on anything politically tough until emergency sirens force them. more >>
The U.S. economy is not yet in recovery mode, according to the second quarterly report of 2013 of the UCLA Anderson Forecast's outlook for the United States.
A release on the forecast issued on Thursday notes that despite "improvement in both GDP and key economic sectors, the overall growth falls short of the rates required for the national economy to truly recover from the most recent recession."
In its June issue, UCLA Anderson Forecast Director Ed Leamer notes that the U.S. economy is not in recovery because economic growth levels currently fall far short of the levels needed to bring the economy back to trend. more >>
A surprising and public rift opened up has opened up between President Obama and his lawyers over whether profit-making businesses can pursue goals other than making money, including adhering to religious requirements.
In courtrooms across the country-including one recently in Philadelphia-Department of Justice lawyers told judges that profit-making businesses with religious objections to the HHS contraceptive mandate cannot exercise religion. Profit-making business apparently can pursue just one goal: making money. Business owners must check their religious values at the door.
Yet, President Obama offered the opposite message to a group of men graduating from Morehouse College. He urged them to forge careers in business, but to avoid focusing solely on profits. Instead, they should consider "what broader purpose your business might serve" by pursuing values other than profits, like "transforming a neighborhood." The President's comments echoed his remarks last year at the National Prayer Breakfast, where he proclaimed that leaving our "values at the door" would "abandon much of the moral glue that has held our nation together for centuries." more >>
Man ... there are so many scandals and donnybrooks it's hard to keep track of them. Heck, there has been so much shocking news and fisticuffs I've already forgotten about the Garcia-Woods tango over the weekend. This fresh batch of scandals that's popped up like springtime perennials could have enormous conclusions.
They include:IRS AP Benghazi Army Sex Misconduct
How these are handled will tell us even more about the administration and give insight into how dangerous the power grab of the past four years is. more >>
As I've been working on immigration reform legislation, I've been asked why it should be Washington's focus at a time when we have so many other pressing concerns, including stagnant economic growth that has left millions of unemployed and underemployed Americans, and the persistent threat of terrorism that recently manifested itself on our own soil.
There's no doubt we have a broken immigration system and de facto amnesty that can't continue because it threatens America's sovereignty, security and economy. It's a problem that needs to be solved, and the longer we put it off, the worse it's going to get.
But it's also absolutely true that our lack of robust economic growth, caused in part by Washington's runaway debt, is the real defining issue of our time. These challenges should have been addressed a long time ago but, because Washington hasn't made any meaningful attempt to do so, our debt has only gotten worse, and more of our people have suffered. more >>