Wednesday, December 12, 2012

Economy - #4385 - 15 Signs That the Economy is Rapidly Getting Worse as We Head Into 2013 - Economic Collapse (2) Democrats Continue to Find Out What was in Obamacare - and Try to Dismantle It - Washington Examiner (3) 526,421 Family Farms Threatened by New Death Tax - Washington Examiner

15 Signs that the Economy is Rapidly Getting Worse as we Head into 2013 - How can the mainstream media claim that the U.S. economy is "improving" when it is painfully obvious to anyone with a brain that the middle class is being absolutely eviscerated? According to numbers that were just released, the number of Americans on food stamps rose by more than 600,000 in a single month to an all-time record high of 47.7 million. Youth unemployment in the U.S. is at a post-World War II high and large companies have announced the elimination of more than 100,000 jobs since Barack Obama won the election......The following are 15 signs that the economy is rapidly getting worse as we head into 2013... #1 According to numbers that were just released, the number of Americans on food stamps has risen to a new all-time record of 47.71 million. That is a huge increase of more than 600,000 over the previous reading of 47.10 million. After about a year of slow growth, it looks like the number of Americans on food stamps is starting to skyrocket once again. Back in the 1970s, about one out of every 50 Americans was on food stamps. Today, about one out of every 6.5 Americans is on food stamps. #2 Youth unemployment in the United States is now at the highest level that we have seen since World War II. #3 According to Gallup, unemployment in the United States shot up very sharply during the month of November.  Read more.........


Democrats Continue to Find Out What Was in Obamacare - and Try to Dismantle It - Washington Examiner - The Affordable Care Act was bad legislation, in part because it depended on plenty of imaginary budget savings. “This is a coverage bill, not a cost reduction bill,” top Senate staffer David Bowen said to a K Street audience after the bill passed. Bowen said that Senate Democrats had decided to do the same thing Massachusetts had done: “do coverage first, knowing that that would bring on a cost battle second.” But since the passage of Obamacare, the cost-controls and offsets have one-by-one been stripped out. First, Democrats killed the ill-conceived long-term-care-insurance measure, known as the CLASS Act. This provision, which provided government insurance for long-term care, was, amazingly, booked as reducing the deficit. This was ridiculous, and after the bill passed, Democrats realized it was a disaster, and they repealed the provision.  Read more.........

526,421 Family Farms Threatened by New Death Tax - Washington Examiner - New legislation that jumps the death tax to 55 percent of estates exceeding $1 million threatens 526,421 family farms, of about 25 percent of all farms in America, according to a Senate analysis. According to the analysis from the Senate Republican Policy Committee, chaired by Wyoming's John Barrasso: If President Obama and Senate Democrats do not act, the federal government will begin taking more than half the value of family farm estates exceeding $1 million beginning next year. This summer, Majority Leader Harry Reid and Senate Democrats passed legislation (S.3412) on a party-line vote that allows Washington to take up to 55 percent, a huge increase over today's top rate of 35 percent, and drop the tax's exemption from $5.1 million to $1 million. The lower exemption -- combined with soaring farm real estate values -- could put more than 420,000 additional farm estates at risk from the death tax. Read more.........

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