No matter your personal feelings on Obama’s health care “reform” initiative, do not be fooled by what is happening on the surface and in the short term. Mr. ToughMoneyLove is convinced of two things about what will happen in the longer term, depending on how long the Democrats retain their legislative power. Read more
To be honest, Mr. ToughMoneyLove hasn’t fully made up his mind about all aspects of Obama Care. One thing for sure that I don’t like is the way that the plan will explode the federal health care bureaucracy.
I suppose you could call it the District of Columbia Full Employment Act. Read more
Mr. ToughMoneyLove is not ready to launch a full-bore rant on the health care proposal that has emerged from the House. I will wait and see what the Senate does first.
But it is now clear that the fallback funding strategy favored by many Democrats in Congress is “tax the rich.” Read more
More recently, the President stood by meekly as Congress stuffed the omnibus spending bill with raw pork. His only defense was that it was “last year’s business.” That’s a funny one, considering that Obama was part of “last year’s business” himself.
Now it appears that Congress may have its own ideas about how to fund the President’s new health care initiatives. The White House wanted to fund it by scaling back itemized deductions for taxpayers making over $250,000 per year. Congress may very well reject that idea and substitute a middle class tax increase. Read more
Yes I know that title is a little strange for a Mr. ToughMoneyLove Monday morning article but bear with me. It is indeed about hard truth and your money. Read more