New CBO Report on Obamacare is Out
By sierras236
@sierras236 (2739)
United States
September 19, 2012 5:09pm CST
So, I figured I would introduce a relevant political issue.
The CBO released a new cost estimate on Obamacare. Apparently, things aren't as rosy as they were in 2010. Cuts in Medicare are much higher, deficit goes higher, and yep more taxes on guess who?
The middle class.
This article is from Forbes but I like the chart analysis.
http://www.forbes.com/sites/aroy/2012/07/27/cbo-obamacare-will-spend-more-tax-more-and-reduce-the-deficit-less-than-we-previously-thought/
1 person likes this
1 response
@laglen (19759)
• United States
20 Sep 12
I agree with you and bigfoot, no surprise but very important to let people know. I am especially disturbed that the CBO now says that 6 million people will be paying the penalty for not having coverage. I do not have insurance. I also do taxes for a lot of people around here, I do it very cheaply because these people can not afford it and really need that money. I am worried about the penalties while doing the returns.
@STOUTjodee (3573)
• United States
20 Sep 12
My concern is that what if you can't afford to pay the penalty for not having the coverage? Usually if you can't pay a fine, you go to jail.
@sierras236 (2739)
• United States
20 Sep 12
I imagine you would go through the same process as being delinquent on your normal taxes since this is all going through the IRS.
But that part isn't really that clear. Good question and concern.
