Health law to add $1.15 trillion to national debt.

Joel C. Rosenberg
(Washington, D.C., June 28, 2012) --







A disastrous, appalling decision was handed down by the U.S. Supreme Court today.

The Court upheld the individual mandate and socialized medicine, saying both are constitutional, despite the fact that a recent poll found 68% of Americans want all or part of the law repealed. The federal government can now force us to buy what we don't want. Washington politicians and bureaucrats will become the final arbiter of our most personal medical decisions, rationing care for many and denying care to some who are not deemed worthy of receiving it, especially if the care is expensive.

The "Affordable Care Act" (nicknamed "Obamacare") nationalizes 1/7th of our economy, imposes one of the largest tax increases in American history on an economy already struggling, massively increases government spending, and will increase the national debt by $1.15 trillion, according to a recent study. This, despite the fact that we already have a crushing federal debt of more than $15 trillion, and another $65 trillion in unfunded liabilities related to Social Security, Medicare and Medicaid coming at us with breakneck speed.

Our ship of state is hurtling towards massive debt icebergs, yet rather than slow down or change direction, we are accelerating our deficit spending.

Bottom line: the implosion of the American economy has just become more likely.