By now you have heard of the reports that ObamaCare will cost many companies millions of dollars. It will force many companys to reduce, or eliminate, company provided health care benefits. It will result in employee layoffs.
Medtronic warned that the new tax on its products “could force it to lay off a thousand workers;” Verizon told its employees that it “will likely have to cut healthcare benefits to offset the new costs;” and AT&T announced that it will record a $1 billion non-cash expense in the first quarter and “will be evaluating prospective changes to the active and retiree health care benefits offered by the company.”
Once again, after receiving a little bad press, the Democrats want to fry the companies on the pubic square in order to keep them quiet. Rep Henry Waxman (D-Denial) has ordered the CEOs of John Deere, Verizon, AT&T and Caterpillar to appear before his committee, offer testimony and documentation, to support the claims they have made to the press.
Waxman quotes from the CBO figures that were based on the Democrats gaming the system. The figures the Democrats provided, and the analysis they requested, were intentionally designed to limit the scope of the CBO report. The CBO could not report the true costs of ObamaCare based on the rules they are allowed to score under.
Either Waxman is a fool who believes his own falsehoods, or he simply wants to make an example of the CEOs that have come forward, in order to intimidate others and prevent them from disclosing what ObamaCare will cost them.
This is not representative government. This is how the Chicago Mob works. Do not bother to tell the truth about anything or the Socialist Democrats will find a way to shut you up.
They call that being a progressive. I prefer to call it what it is, tyranny.
My hope is for at least one of these CEOs to find the backbone necessary to publicly tell the Democrats to read their bill then go pound sand.
The Democrats boast of savings that never existed. Had they bothered to read what they voted for they would know that by now. Then again, that is not the Socialist Democrat way. This is.
Welcome Another Black Conservative readers. Thanks Clifton B 🙂