InvestorsHub Logo
Followers 13
Posts 232
Boards Moderated 0
Alias Born 04/24/2013

Re: Donotunderstand post# 264903

Tuesday, 11/11/2014 7:33:34 PM

Tuesday, November 11, 2014 7:33:34 PM

Post# of 801079
Donotunderstand,

That was a nice and long attempt at defending what basically amounts to the President of the United States, looking straight into the camera at every American and lied multiple times to push a scheme that does not work anywhere in the world.
Think of it this way. Starting back in 1995, President Clinton said this:

“I want to say this one more time, and I want to thank again all the people here from the private sector who have worked with Secretary Cisneros on this: Our home ownership strategy will not cost the taxpayers one extra cent. It will not require legislation. It will not add more Federal programs or grow Federal bureaucracy.

It's 100 specific actions that address the practical needs of people who are trying to build their own personal version of the American dream, to help moderate income families who pay high rents but haven't been able to save enough for a downpayment, to help lower income working families who are ready to assume the responsibilities of home ownership but held back by mortgage costs that are just out of reach, to help families who have historically been excluded from home ownership. Today, all across the country, I say to millions of young working couples who are just starting out: By the time your children are ready to start the first grade, we want you to be able to own your own home (Bill Clinton, 1995.)

This was the “Obamacare” of home ownership, with the exception that Clinton’s version kicked the can down the road until the bubble burst in 2008. Now, Obama has changed his own law, “unlawfully” since it placed into effect. Among everything else, there are five main lies of Obamacare that plainly Obama knew about, knew he was lying, just as the professor Gruber stated were lies.

1) Obamacare will cut the cost of your health care. If only. When Obamacare goes into effect next year, many Americans can expect STEEP increases in the cost of health care.

2) Obamacare will not increase the deficit. Calling for a massive new government program to cut costs will not economically work.

3) "If you like your doctor, you will be able to keep your doctor. Period." Soon, many Americans will be happy if they can find A DOCTOR, much less THEIR DOCTOR.

4) Obamacare will create jobs. That would be true if you added "...at the IRS" to the end of it, but companies have already begun to move millions of workers from full to part time to avoid punitive new costs under Obamacare.

5) If you like your health care plan, you'll be able to keep it.

If you have a true economics mind, you would be able to calculate what taxes have to be collected in order to pay out to the millions that have figured out that they do not have to work to get food stamps, and now healthcare.

Now, before my point of view is vilified for simply saying people should act responsible and take care of their own family, I am in FULL support of those who honestly cannot work because of physical problems, are critically ill and need help or mainly those in their elderly years that cannot work any longer. But for the most part, the system is abused by people of all races and genders. There is no skin color for the lame and lazy that are more than happy to take from the government (you and me), commit voter fraud to get what they want (more freebies) and teach their children how to game the system. It has become a generational epidemic and now we have 36 months of over 46 million people on food stamps.

“Posted on Tuesday, November 11, 2014 12:18:12 AM by PROCON
(CNSNews.com) - The number of beneficiaries on the Supplemental Nutrition Assistance Program--food stamps--has now topped 46,000,000 for 36 straight months, according to new data released by the Department of Agriculture (USDA).”

I am NOT an economics genius and I hated the economics and finance courses in college. But you do not have to be an economics professor to think and wonder, how deep in debt can this country go before the entire system implodes upon itself. I simply believe that by not living within your means as a person, household or country, there is an ultimate failure waiting.