Sorry, I have been extremely busy at work recently so I have gotten behind on this thread.
riser :
History lesson:
Companies started offering benefits to employees to help a candidate to decide to work for them. Both companies pay the same money, but one offered benefits in order to draw the person to work for them.
The real history lesson that employer-provided health insurance is actually a by-product of government meddling. It was part of FDR's wage and price controls he instituted in
1942. Health insurance spending didn't count towards the wage caps, so it was a perk that companies could use to compete with each other for workers, since they could not pay workers more due to the wage caps. Health insurance premiums paid by businesses was also deductible from taxes which made it less expensive for the business to provide a given benefit amount in health insurance vs. simply paying the employee. The wage and price controls expired in 1947 but the tax deductibility of health insurance and its relatively low cost meant that health insurance was going to be mainly provided by employers from then on.
wanamingo :
But that isnt what the people want, its not what they voted for. I see more of a fear that Obamacare will actually work. The republicans are working against the democratic process, they are becoming more and more of a vestigial limb thats on its way to being removed.
Actually, the Republican representatives who are fighting Obamacare are doing exactly what they were elected to do. The thing you are hung up on is that while YOU may want Obamacare and your Democrat Congressmen may support it, other people do not want it and the Republican Congressmen they elect try to fight it. That really is the process of government. A single party ruling over everybody and expecting no opposition whatsoever is what happens in a dictatorship, not in a representative government.
How is having healthcare an irresponsible financial decision? It more unwise not to be covered at all! Besides if you are so poor that you cant front the 95$ fine then maybe you should refrain from throwing your thoughts into the public sphere.
Paying large sums of money for insurance premiums for coverage you are very unlikely to use very much of is an irresponsible financial decision. I'll use the car insurance analogy since the left loves to use it (albeit they use it incorrectly.) The Obamacare coverage mandates essentially forces everybody to pay the same rates for whatever they drive that a guy with a history of two speeding tickets pays to insure his new Escalade with zero-deductible full coverage. Folks with two DWIs applaud the decision as their rates go down, so do the folks with 15 tickets and various moving violations and folks insuring more expensive vehicles like Porsche 911Turbos and Class 8 trucks. People like me insuring a 12-year-old Ford Escape with a spotless driving record who just want a cheap liability only policy are very much out of luck as we have to subsidize all of the drunks, speeders, and folks who want to drive around vehicles worth two orders of magnitude more than mine. There is no financial sense in that, as there is no financial sense in forcing younger and healthier people to pay the same amounts as the guy who washes down his four daily Big Macs with a case of beer and two packs of smokes and never has seen the inside of a gym since high school.
Heres the fine for 2014 if you decide not to participate.
$95 per adult, plus $47.50 per child, max $285 or 1% of income
Those are only the introductory "teaser" fines. The fines go up every year until 2016. The full fines in 2016 are a minimum of $695/person or $2085/family, or 2.5% of your income, whichever is
greater.
Reynod :
If this goes until the 17th your country is going to be bankrupted ... go backwards for 10 or more years and likely a civil war will erupt ...
But I gues the extremists there want that?
They must be moving a ton of money offshore this week ... protecting their personal castles and such.
Rhetoric much? The debt ceiling being reached forcing a default is an easily proved lie. The interest payment on the debt was
$223B in FY2012, or only 6% of total government spending. The tax receipts of the U.S. Treasury in FY2012 were
$2.45T. The government takes in just under 11 times as much money as it requires to pay the interest on the debt. Corporate income taxes ($245B) alone would more than pay the debt service obligation. We would only be forced to default if the interest payments exceeded tax revenues, which they are more than an order of magnitude away from doing. The only reason we would default is if the government chose to do so.
What would actually happen if the debt ceiling was reached is that the government would have to reduce its spending on things other than debt interest from $3.32T to $2.23T. The government would still get to spend 2 out of every 3 dollars they currently spend on all of the millions of other things they spend money on. It would hardly be the end of the country if that happened. I do guarantee that the current administration would try to make the cuts the absolutely most painful as possible while protecting spending on fluff most people couldn't care less about. They did that with furloughing the air traffic controllers during the last debt ceiling debate and during this "shutdown" with preventing people from going into open-air unsecured federal parks such as the WWII memorial. I'd predict Obama to do something really goofy like close all federal highways or something equally asinine if he didn't get his way on the debt ceiling. That sort of behavior is what will spark unrest, not the government flunkies, administration cronies, and the entitlement class getting only 2/3 as much "free money" as before.
riser :
I pulled out my paycheck to check my taxes. Every 3 paychecks, I pay 1 full paycheck to the government (It's 100 more than my paycheck).
I'm guessing you're paying less than 1/3 of your check to the government. I don't even pay a state income tax either. That means for every 240 hours I work, I donate 80 hours to the government.
I pay about every other paycheck to the government in taxes, including the 13.85% in payroll taxes in addition to federal and state income taxes. I work about 80 hours a week in my salaried job, so I work a "normal person full time" job just to pay my taxes. This is just taxes, not even counting the high interest rate federal monopoly student loans I have to pay as well.
JohnsonMA, if you wonder why I seem upset, that is why. You'd be upset too, especially with Obamacare directly affecting your wages (stagnant to declining), hours (ever increasing), and working conditions (worsening). The fact that my insurance premiums are increasing by thousands of dollars a year because of this as well is just icing on the cake.