Richardcyoung.com

The Online Home of Author and Investor, Dick Young

Obamacare is Socialism

By

Obamacare is socialism defined, no doubt about it. Senate Republicans are on a march to de-fang the beast. NPR‘s Julie Rovner explains the situation.

“Rather than a partial delay for some, America needs a permanent delay for all,” said Sen. John Thune, R-S.D., at a news conference Wednesday on Capitol Hill. Thune got 45 other GOP senators to sign onto a letter to the president urging him to shelve the law entirely.

“It’s becoming ever more clear that the Affordable Care Act, ObamaCare, fails to accomplish its intended purposes,” said Sen. Jerry Moran, R-Kan., at the press conference.

Moran said hat he would be offering amendments to try to block key aspects of the law during Thursday’s Committee on Appropriations markup on funding for the Department of Health and Human Services. His amendments include one that would bar funding to enforce the individual mandate, requiring people to get health insurance or pay a fine.

Across the Capitol, where GOP leaders have already vowed to hold a vote to delay that very individual mandate, the House Ways and Means health subcommittee held a hearing, allegedly to explore what it called the administration’s “strangely timed announcement” that it was delaying the employer mandate.

That announcement came on a Tuesday evening, via a blog post, two days before the July 4 holiday.

“You have to wonder, if ObamaCare isn’t ready for businesses, is it ready for my family?” asked subcommittee Chairman Kevin Brady, R-Texas, at the hearing. “Clearly the rollout of ObamaCare is in disarray and experts are questioning whether the White House is competent enough to administer its own massive health care law.”

The following two tabs change content below.

E.J. Smith - Your Survival Guy

Preparing your investments and family for when disaster strikes.
E.J. Smith is the Founder of YourSurvivalGuy.com, Managing Director at Richard C. Young & Co., Ltd., a Managing Editor of Richardcyoung.com, and Editor-in-Chief of Youngresearch.com. E.J. graduated from Babson College in Wellesley, Massachusetts, with a B.S. in finance and investments. In 1995, E.J. began his investment career at Fidelity Investments in Boston before joining Richard C. Young & Co., Ltd. in 1998. E.J. has trained at Sig Sauer Academy in Epping, NH, where he completed course-work in Practical and Defensive Handgun, Conceal Carry Pistol, Shotguns, Precision Scope Rifle and Kidnapping Prevention. E.J. plays a Yamaha Recording Custom drum set with Zilldjian cymbals. His first drum set was a 5-piece Slingerland with Zilldjians. He grew-up worshiping Neil Peart of the band Rush, and loves the song Tom Sawyer—the name of his family’s boat, a Grady-White Canyon 306. He grew up in Mattapoisett, MA, an idyllic small town on the water near Cape Cod. He spends time in Newport, RI and Bartlett, NH—both as far away from Wall Street as one could mentally get. The Newport office is on a quiet, tree lined street not far from the harbor and the log cabin in Bartlett, NH, the “Live Free or Die” state, sits on the edge of the White Mountain National Forest. He enjoys spending time in Key West and Paris. Please get in touch with E.J. at ejsmith@youngresearch.com. Sign up here to receive all the best content from Richardcyoung.com each week.

Latest posts by E.J. Smith - Your Survival Guy (see all)