Cagle Post: How the Fate of Obamacare Will Affect Our Economic Future

As the summer heats up, the U.S. Supreme Court will be ruling on the constitutionality of Obamacare, one of the most important cases to be decided since Citizens United v. FEC. From the start, Obamacare was an unpopular piece of legislation and a strong majority of the American people remains vehemently opposed to the law because they do not want the government to control their healthcare. They know that such massive government spending and intervention is unsustainable and will only result in increased costs and poorer results. All eyes are on the Supreme Court Justices because the fate of Obamacare will have major implications for the future of our nation.

If Obamacare is upheld it will be an economic disaster. The President promised that Obamacare would cut the deficit by $143 billion over ten years, but Sen. Ron Johnson has pointed out that “instead of saving $143 billion, we are adding $54 billion to our deficit.” President Obama also said that Obamacare would “only” cost about $940 billion over 10 years. In March, the Congressional Budget Office reported that the gross cost between 2012-2022 would be $1.762 trillion. Every year the estimated costs of Obamacare get worse and worse, it is a ticking time bomb hanging over our heads.

Read more at Cagle Post here.