OK....the flagship of Liberalism, California....has their collective neck on the chopping block again....and I'm hoping that no federal savior comes to their rescue.
As usual, for Liberals, feeling passes for knowing.....and that means if it sounds good, the heck with the costs!
And by 'costs,' I mean redistribution from earners to....well, authorized 'victims.'
1. "
$400 billion price tag for California single-payer bill
By Associated Press | May 23, 2017
A California bill that would eliminate health insurance companies and provide government-funded health coverage for everyone in the state...."
$400 billion price tag for California single-payer bill
2. By 'everyone,' that means millions of illegal aliens who don't work, and don't contribute to what the Liberal eggheads claim will be the workplace taxes that will offset the $400 billion.
3. "...total healthcare costs would increase by an estimated $50 billion to $100 billion a year."
BTW......California: $2,702.3 (in billions of debt)
Compare Debt By State for 2017 - Charts
Hightest debt total in the country.
Think they're gonna be looking for a bailout? You betcha'!!!!!
4. "The concept known as single-payer has energized liberals who are pushing Democratic lawmakers to approve the measure."
5. ".....Medicare, Medicaid, federal public health funds and "Obamacare" subsidies. That's enough to cover about half of the $400 billion cost, according to the legislative analysis.
The rest would come from higher taxes on businesses, residents or both. It would take a 15% payroll tax to raise enough money, the analysis said."
And...when was the last time some Leftist boondoggle came in even near budget?????
6. ".... it would need cooperation from President Donald Trump's administration to waive rules about federal Medicare and Medicaid dollars." $400 billion price tag for California single-payer bill
I almost wish Trump would give 'em the OK just so we could see Social Darwinism in action.
Question......must one start out stupid to be a Liberal....or do they do some sort of exorcism of common sense???
Doubt it will go anywhere, California already has a problem with insane taxation driving out inland business as well as residents, this would just make it far, far worse with the state becoming even more deeply bifurcated between the coastal haves and the inland have nots.
Of course with the radical gub'mint worshipers that run the State of California, who knows, maybe it will make it through in which case it'll be interesting to watch as the Golden State provides an abject lesson in the perils of single payer healthcare and exactly what happens when you run out of others peoples money to spend.
Do you know that California has the 6th largest economy in The World?
FYI:
Bay Area economy outpaces U.S., China
So what, this is a stupid plan that will increase Taxes in an exponential manner and wreak havoc on their economy. Only morons think that anyone can increase the TOTAL Budget by almost 3 times and maintain that it is a viable plan.
There are cost benefits and cost deficits - something concrete thinkers can't comprehend. BTW, anything posted by PoliticalChic is suspect, her facts, figures, and conclusions should never be trusted, and her defense is and always has been a series of logical fallacies.
"anything posted by PoliticalChic is suspect, her facts, figures, and conclusions should never be trusted,"
Everything I post is documented,linked, sourced and totally correct.
Let's give you a dozen chances to prove you aren't a lying low-life Liberal:
1...
in today’s recovery — the slowest in the modern era going back to 1947 — private capital investment has lagged badly. ... so has the jobs situation, with 92 million dropping out of the workforce altogether. A labor-participation rate of 62.8% and an employment-to-population rate of 58% are historic lows indicative of the anemic jobs recovery. Big Business Swings Behind a Mantra of Growth - The New York Sun
2. Tavis Smiley: 'Black People Will Have Lost Ground in Every Single Economic Indicator' Under Obama
Tavis Smiley: 'Black People Will Have Lost Ground in Every Single Economic Indicator' Under Obama
3. . "
Incomes Have Dropped Twice as Much During the 'Recovery' as During the Recession
. ...the Census Bureau's Current Population Survey ....indicate that the real (inflation-adjusted)
median annual household income in America has fallen by 4.4 percent during the "recovery," after having fallen by 1.8 during the recession.
Incomes Have Dropped Twice as Much During the 'Recovery' as During the Recession
4. . In a stunning Tuesday report, Gallup CEO and Chairman Jim Clifton revealed that “for the first time in 35 years, American business deaths now outnumber business births.”Clifton says for the past six years since 2008, employer business startups have fallen below the business failure rate, spurring what he calls “an underground earthquake” that only stands to worsen as lagging U.S. Census data becomes available.
“Let’s get one thing clear: This economy is never truly coming back unless we reverse the birth and death trends of American businesses,” writes Clifton."
Economic Death Spiral: More American Businesses Dying Than Starting - Breitbart
5. "Surprise: U.S. Economic Data Have Been the World's Most Disappointing
It's not only the just-released University of Michigan consumer confidence report and February retail sales on Thursday that surprised economists and investors with another dose of underwhelming news. Overall, U.S. economic data have been falling short of prognosticators' expectations by the most in six years."
Surprise: U.S. Economic Data Have Been the World's Most Disappointing
6. . "That basic math is why middle class incomes have been in decline under Obama. The Census Bureau reports that since Obama became President 7 years ago, real median household income has fallen by $1,300 a year. Heritage Foundation Chief Economist Steve Moore explained in testimony before the Ways and Means Committee, “At 2 percent growth the economy doesn’t spin off enough jobs to increase wages, and tax revenues grow much too slowly to balance the budget.”
The recession officially ended more than 6 years ago. Wages and incomes have always grown in recoveries, not declined. Moreover, the American historical record is the deeper the recession, the stronger the recovery. The economy is supposed to boom in a recovery to catch up with its long term economic growth trendline. But over 6 years after the recession ended, that still has not happened. Instead, what we have gotten under President Obama is the worst recovery from a recession since the Great Depression."
http://limittaxes.org/2016/02/realizing-the-super-bowl-of-american-economic-growth/
7. "Even if you leave out the first quarter of 2009—when the recession that started in December 2007 was still ongoing--President Barack Obama has presided over the lowest average first-quarter GDP growth of any president who has served since 1947, which is the earliest year for which the Bureau of Economic Analysis has calculated quarterly GDP growth. "
http://www.cnsnews.com/blog/terence...-obama-has-lowest-average-1stq-gdp-growth-any
8.
The Obama Administration is aggressively exploiting regulation to achieve its policy agenda, issuing 157 new major rules at a cost to Americans approaching $73 billion annually....twice the annual average of his predecessor George W. Bush. And much more regulation is on the way, with another 125 major rules on the Administration’s to-do list, including dozens linked to the Dodd–Frank financial regulation law and the Patient Protection and Affordable Care Act, known as Obamacare. http://www.heritage.org/research/reports/2014/03/red-tape-rising-five-years-of-regulatory-expansion
9. . "...take-home pay for many American workers has effectively fallen since the economic recovery began in 2009, according to a new study by an advocacy group that is to be released on Thursday.
The declines were greatest for the lowest-paid workers in sectors where hiring has been strong — home health care, food preparation and retailing — even though wages were already below average to begin with in those service industries.
“Stagnant wages are a problem for everyone at this point, but the imbalance in the economy has become more pronounced since the recession,”..."
http://www.nytimes.com/2015/09/03/b...rkers-see-biggest-drop-in-paychecks.html?_r=0
10. . "Obamacare health insurance co-ops surged past the $1 billion mark in losses this week, making history of sorts.The insolvencies, totaling $1.36 billion, mean that the co-ops have burned through more than half of the
original $2 billion appropriated in 2010 for the program under the Affordable Care Act. The funds were loaned to the start-up co-ops in 2012 and were to be repaid in 15 years, according to the Centers for Medicare and Medicaid Services, which manages Obamacare.
...13 of the 23 federally-financed Obamacare co-ops have officially failed in only two years. Most are in the process of default as insurance regulators attempt to pay customer’s medical bills, cover medical providers and pay other creditors.
http://dailycaller.com/2015/11/04/obamacare-co-op-mess-causes-1-3-billion-in-losses/#ixzz3qilfNWEW
11. Obama is the first President never to have had a year of 3% or better economic growth: "... annual growth during Obama’s “recovery” has never topped 3%. By comparison, it never fell below 3% during the Reagan recovery. And in the nine years following the 1990-91 recession, GDP grew faster than 3% in all but two. Heck, even Jimmy Carter had some strong growth years."
http://www.investors.com/politics/editorials/with-gdp-downgrade-obama-growth-gap-expands/
a. "
The years since 2007 have been a macroeconomic disaster for the United States of a magnitude unprecedented since the Great Depression." http://www.powerlineblog.com/archives/2016/01/obama-always-wrong-never-in-doubt.php
b. ".... first president since Hoover to never have a single year above 3% GDP growth."
http://money.cnn.com/2015/10/09/investing/hedge-fund-billionaire-defends-obama-chanos/
12. ".... calculating how much the debt increased during Obama's two terms. On January 20, 2009, when he was sworn in, the debt was $10.626 trillion. On January 20, 2017, it was $19.947 trillion. That's why most people say Obama added $9 trillion to the debt, more than any other president."
How Much Did Obama Add to the Nation's Debt?
Waiting....you dunce.