Daily Archives: August 7, 2013
The following US economic statistics were announced today:
The MBA reports that mortgage applications fell -3.7% last week, with purchases down -3.0% and refinancings down -4.0%.
The Gallup U.S. Job Creation Index fell 1 point in July to 21.
Consumer credit grew by $13.8 billion in June, which was at the low end of expectations.
Again, if ObamaCare is so great, why doesn’t anyone want it? And why are the “elite” being exempted?
The latest proof of its undesirability comes from … Congressional staffers. I mentioned this before. They, like the IRS, want no part of this costly boondoggle.
So who rides to the rescue? Why Mr. ObamaCare himself, even while he’s telling the rest of us poor, ignorant schlubs how much we’re going to enjoy his legislative legacy:
Members of Congress and Hill staffers will not lose their healthcare subsidies from the government when Obamacare is implemented because of an exception proposed Wednesday by the Office of Personnel Management.
Under the current system, the government covers most of the cost of healthcare premiums for members and their staffers. But an amendment to the Affordable Care Act — proposed by Iowa Republican Sen. Chuck Grassley — threw those subsidies into question saying that members and staff must enter into the exchanges or be covered by insurance “created” by law.
The potential for staff losing the subsidies led to concerns of “brain drain” from the Hill if staffers left as a result of the increased costs.
We could use a good “brain drain” from the population that has helped bring us this debacle that even they don’t want. But on to the good part … relatively speaking:
Last week, when President Barack Obama came to the Hill to meet with Senate Democrats, he informed them that he would personally get involved to sort out the confusion, and the White House said that OPM would issue guidelines this week.
The guidelines, released Wednesday, allow for members and staff to retain their subsidies from the government, an exception in exchange for giving up “premium tax credits” that they would otherwise be eligible for under Obamacare.
This is what our government has become … the dispenser of favors to the politically favored. Apparently Congress is “too important to fail” and they don’t want to be losing all those brilliant folks who, over the years, have brought us to this state of affairs.
And yet there are fools who will defend this sort of favoritism. Because, you know, government is just a big candy machine for some … if you have the right coins.