A major threat looming over our country right now is a possible government shutdown due to ongoing resistance to Obamacare since it was passed in 2010.
Republican Speaker of the House John Boehner from Ohio is leading the charge in the Republican fight to defund Obamacare; the result may be the government will shutdown in October. He is refusing to raise the debt ceiling as long as Obamacare is not repealed.
However, with a democratic Senate, things don’t look good for defunding Obamacare – the president will just veto it. Furthermore, he claims the republicans are “holding the government hostage.”
Although Senator Boehmer says a shutdown is definitely not the goal in this fight, the possibility exists. He is offering a stopgag funding in order to avoid the chances of the government closing down. A shutdown will involve cutting certain programs, letting go of many government workers and making it difficult for citizens to access government services or severely delaying them.
More importantly, the chances are the government will not be able to pay its debts and that will seriously damage the economy and our financial credibility. All that will lead to more inflation.
Keith Hennessey, former director of the National Economic Council states, “If the federal government actually were to default on its debt obligations, the full faith and credit of the U.S. government is in question and it can have devastating effects on Treasury’s ability to borrow and on the stability of financial markets in general.”
House Majority leader Eric Cantor wants to borrow money to avoid a shutdown while delaying Obamacare in order to protect the middle class.
But Senator Boehmer feels the greater concern is to save the American people from the disastrous consequences of this complicated, unwieldy and financially burdensome plan.
According to Web Pro News, over the years government shutdowns did occur during the Carter, Clinton and Reagan administrations and it is likely it will occur again now. This source claims a shutdown is “imminent”.
A further consequence is, according to CNN, two-thirds of the country will blame the republicans for the shutdown due to the dispute over Obamacare, similar to what occured when Knut Gingrich was attacked, resulting in a Clinton victory.
Fifty-four percent of Americans are opposed to Obamacare, particularly businesses which will have to pay up to 300% more to insure their employees. As a result, many are cutting down their hours, including giants like Trader Joe’s, to less than full-time in which case the employer will not have to pay for their insurance. It’s not hard to see the results of that on a broad scale – not so much because the employees will be uninsured but many businesses will go broke, destroying the lifeblood of this country.
Rep. Jeff Duncan of South Carolina said on Fox News, “I would rather shut the government down, and I’m not advocating for that, but I would rather shut the government down than continue shutting America down and that’s exactly what Obamacare does. It shuts down the American businesses and the job creators.”
Kevin Collins from The Coach is Right, lays out 50 dangers from Obamacare. Aside from the losses businesses will suffer, there are some other serious ones – such as:
Allows the government direct access to bank accounts; possession of health records and a mandatory national ID card; allows government to disqualify Medicare and HMO, thereby forcing people into government plans; allows government to decide what level of treatment one will get at end of life; private health insurance plans must rework themselves to conform to government plans; exempts non-resident aliens from health care taxes, so Americans will have to pay for them., even if they’re illegal; anyone self-employed and without insurance will be taxed 2.5% of his income.
The broad consequences of Obamacare are far worse than a government shutdown and strikes at nearly every citizen of this country, invading aspects of life way beyond their health and health care needs.
Written by Lucille Femine