The Wall Street Journal is reporting that the Affordable Care Act is already boosting household income and spending.
The Commerce Department reported Monday that consumer spending rose a better-than-expected 0.4% and personal incomes climbed 0.3% in January. The new health-care law accounted for a big chunk of the increase on both fronts.
On the incomes side, the law’s expanded coverage boosted Medicaid benefits by an estimated $19.2 billion, according to Commerce’s Bureau of Economic Analysis. The ACA also offered several refundable tax credits, including health insurance premium subsidies, which added up to $14.7 billion.
Taken together, the Obamacare provisions are responsible for about three-quarters of January’s overall rise in Americans’ incomes.
Wow.
7 comments:
Wow?
Funny that you didn't quote Also worth noting: The payments are categorized as “transfer receipts.” That is, the money is transferred from one household to another via government taxes.
Or On the spending side, the BEA is assuming Obamacare is responsible for a $29 billion increase in health-care services. Separately, spending on utilities also saw a big jump due to rising demand for heat during the cold stretch.
Outside of the two categories, consumers spent less: Overall spending on goods declined for the second straight month.
Yeah, wow. You just can't help but lie about how great Obama is, can you?
Yeah, wow....
So you're excited about increased income due to.....money given via the gov't.
If that's such a good thing, why don't we just give everybody a million dollars. Hell, that kind of increased income has got to be a real stimulus.....
Combined with N's goofy minimum wage hoo-haw it's like you guys live in some kind of monopoly money world.
why don't we just give everybody a million dollars. Hell, that kind of increased income has got to be a real stimulus…..
http://www.nizkor.org/features/fallacies/slippery-slope.html
http://www.nizkor.org/features/fallacies/straw-man.html
http://www.youreanidiot.org/features/idocies/so-you-dont-know-what-a-fallacy-is.html
Not a slippery slope. You'd think that the number of times you've quoted it you would have actually read what one is...
Also neither a straw-man. It is actually reductio ad absurdum.
http://www.logicallyfallacious.com/index.php/logical-fallacies/152-reductio-ad-absurdum
you've quoted it you would have actually read what one is...
Examples of Slippery Slope
"We have to stop the tuition increase! The next thing you know, they'll be charging $40,000 a semester!"
why don't we just give everybody a million dollars. Hell, that kind of increased income has got to be a real stimulus…..
Care to alter your comment just a bit?:)
It's also a straw man because no one is suggesting that we give individuals a million dollars.
Although, you may have a point, just not in the way you would like. The government gave $300 million dollars to build the Grand Coulee Dam and look at the results.
http://markadelphia.blogspot.com/2012/06/government-created-wealth.html
You know M there are times it is better to not respond since it leaves some room for doubt that you aren't just a hopeless partisan hack. Particularly when you respond as a hopeless partisan hack.
It's not a fucking slippery slope because I did not argue that giving money now would result in giving more money later.
It also is not a fucking straw man because I was the one suggesting we give individuals a million dollars
Dense and stupid much Mark?
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