Obamacare: Economic Boon?

On February 13, 2014, an article posted in Time titled Obamacare Economic Boon? Duncan Black makes an argument that Liberals haven't emphasized enough about the Affordable Care Act: that it could be a shot in the arm for the economy. Black's argument is, though we have a long road ahead of us in getting the Affordable Care Act to where it needs to be, there is no reason not to give it a try. Based on the report given by the CBO that 2 million jobs will be lost under the Obamacare; however, Black believes that 2 million people would leave their jobs. All in all as of today there is good news for the Obamacare, more than 1.1 million new enrollments were completed in February, within those new enrollments, included healthy young adults. He brings up a good point. If other countries have managed to provide national health insurance without too much of a fuss, why are we making a BIG deal out of wanting to provide health care to not only those with pre-existing conditions, but those who have families to care for. He also mentions, "this law is far from perfect, and has imperfections as should be expected, but it can be modified."

I myself am all for the Affordable Care Act (Obamacare). Though we have a long road ahead of us  in getting it where it needs to be, but I believe this could be good for the US. Wish I knew how this would be a benefit for the US, but I have a good feeling that this will make for possibly a better government. (fingers crossed)

Are we in trouble?

On February 7, 2014, Time posted a article titled House Republicans Get Debt Ceiling Giggles. The topic of how to raise the debt ceiling is still a real problem for Republicans. With the Treasury Department warning the debt ceiling must be raised by February 27. This has now left the party stumped about what it wants to do. Talk of floating attached debt-ceiling to approve the controversial Keystone XL Pipeline and repeal of an obscured provision in the health care reform law, but both ideas have gone nowhere in the conference, according to leadership aides. These ideas are not going over to well with Democrats, and it has been advised President Obama and Senate Majority Leader Harry Reid, who are both firm that the House pass a "clean" debt-limit increase, with no strings attached. Rep. Steve Israel (D-N.Y.) said, " We shouldn't be negotiating over the full faith and credit of the United States government.

Based on article published today February 7, 2014 in the Time. If there is not a resolution Treasury will be left with cash on hand if it exhausts its borrowing capacity. Which could possibly lead to another financial showdown in a midterm election year.


These articles are worth the time to read. We all need to be well informed on what is going on with the debt and what does Congress plan to do about it. In a whole this could greatly effect us all and o possibly result into another government shutdown, if this is not resolved.