iroon.com: Links: Obama spokesman tweets out photo of jubilant former president as GOP Obamacare replacement fails

business insider/Yahoo:

Former President Barack Obama's spokesman, Kevin Lewis, tweeted a photo on Friday of Obama striking what looks like a boxing pose in the White House on the day the Affordable Care Act passed Congress seven years ago.

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Faramarz | Follow | 7 years ago

First he issued the travel ban, and we said “Hell No”

Then he wanted to tear up the Iran Nuclear Deal, and we said “Hell No”

Then, he wanted to hide his Russian mafia connections, and we said “Hell No”

Then, he tried to repeal ObamaCare, and we said “Hell No”

By the time he got to his budget, tax cuts for the rich, and building the wall, he was out of the White House!

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Doctor41 | Follow | 7 years ago

Dream...Dream...Dream....

Oh i am a Dreamer....Oh yes i am.

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Faramarz | Follow | 7 years ago

Putin has a short fuse for incompetence and failure by his subordinates. It is going to be interesting to see how Putin will punish Trump for this fiasco. So Sad!

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Doctor41 | Follow | 7 years ago

It is all A Big, Marvelously glorious Conspiracy Mr. Asimoff...

A consipracy engineered by Eastern European...We have Evidence...Yes.

We ars still digging...

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GR | Follow | 7 years ago

Economics 101

How Many Americans Get Government Assistance? All Of Us

Business in the Beltway , CONTRIBUTOR GROUP

Howard Gleckman, CONTRIBUTOR

"But don’t think poor people benefit the most from tax subsidies. They don’t. Middle- and high-income households get far more.

In 2012, my Tax Policy Center colleagues Eric Toder and Daniel Baneman looked at who would be hurt the most if Congress repealed individual tax expenditures. They found that, on average, after-tax income would fall by more than 12 percent.

However, the lowest 20 percent of earners would see their incomes drop by only 7.5 percent and the incomes of middle-income households would fall by a bit more than 8 percent. However, the highest-income 10 percent would see their incomes plummet by nearly twice as much―15 percent. And those in the Top 1 percent would see their incomes fall by almost one-fifth―more than 19 percent.

Much of the distribution is skewed because of the special tax treatment for capital gains and dividends, which overwhelmingly benefit the rich. But even if you leave out those preferences, those with high-incomes benefit far more from tax expenditures than low- and moderate-income households."

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GR | Follow | 7 years ago

We've Crossed The Tipping Point; Most Americans Now Receive Government Benefits

Forbes JUL 2, 2014

"Obamacare has pushed us over the entitlements tipping point. In 2011 some 49.2 percent of U.S. households received benefits from one or more government programs―about 151 million out of an estimated 306.8 million Americans―according to U.S. Census Bureau data released last October.

Currently, around 6 million to 7 million Americans who have signed up for Obamacare are receiving taxpayer-provided subsidies (though the administration’s numbers cannot be trusted, it’s all we have to work with). There are another 3 million who have signed up for Medicaid.

That means some 10 million Americans―or a total of about 161 million―are now getting government subsidies (though the final number might be somewhat lower since some may have been receiving benefits already).

Thus, perhaps 52 percent of U.S. households―more than half―now receive benefits from the government, thanks to President Obama. And Mr. Entitlement is just getting started. If Obamacare is not repealed millions more will join the swelling rolls of those dependent on government handouts.

Conservatives have long dreaded the day when the U.S. crossed the halfway mark because of all the implications for individual and fiscal responsibility. As Benjamin Franklin reportedly said, “When the people find that they can vote themselves money, that will herald the end of the republic.” They learned that from the 2008 election and turned out in big numbers again in 2012."

forbes.com

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Obama spokesman tweets out photo of jubilant former president as GOP Obamacare replacement fails

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