Economics

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ObamaCare destroying American work ethic

DouglasElmendorf (Examiner.com photo)

Douglas Elmendorf (Examiner.com photo)

ObamaCare creates a disincentive for people at the lower end of the economic ladder to work,” said Congressional Budget Office Director Douglas W. Elmendorf during a House hearing this week.  “The result of this is it will be harder for people to climb the economic ladder into the middle class,” he added.

Elmendorf had earlier told the House committee members that ObamaCare will cause some 2.3 million people to reduce their work hours while receiving subsidized health insurance. Continue reading →

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Where’s the outrage?

THERE THEY WERE, the nation’s five top intelligence officials, Clapper (DNI), Brennan (CIA), Flynn (DIA), Comey (FBI), and Olsen (NCC), sitting before the House Intelligence Committee hearing yesterday.  Rep. Jeff Miller (R-FL) asks, “Can anybody at the table tell us when somebody will be held responsible for the murders in Benghazi?” … read more

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From the sidelines …

Problem for the Administration – Just 18 per cent of young adults say they are likelyYAF Guidestar.org image to enroll in ObamaCare, compared to 46 per cent who are not likely to enroll, according to a survey conducted by the Young America’s Foundation.  More revealing was the fact that 48 per cent consider the government too big compared to just four per cent who believe it’s too small. … read more

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On the front burner …

Those health care insurers received another reminder of what it means to get in bed with big government as Moody’s Investor’s Service analysts have downgraded the industry’s outlook yesterday, noting that the administration’s changes to the rules make it difficult to know if insurers will end up with the customer base they need to make the economics of ObamaCare work out.… read more