Thanks Obamacare!

[Howey]

For putting money in our pockets!

President Obama's 2010 health law was responsible for about three-quarters of a surprising January rise in U.S. consumer spending and American income growth, according to calculations by the Wall Street Journal.

But wait. There's more!

The growth came in spite of the expiration of unemployment benefits for the long-term unemployed and all that horrible winter weather.

 

[boedicca]

Clearly you didn't even bother to read the orginal blog post.

Here's the "money" shot:

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.

Obamacare Effects Account for Most of Income, Spending Increases - Real Time Economics - WSJ


So,the rise in incomes is due to the government borrowing money from future generations in order to provide entitlement-transfer payments now.

ObamaCare has done nothing expect add to the expenses of people who pay for their own health care and/or pay taxes.

Hopenchange!

 

[Howey]

Clearly you didn't even bother to read the orginal blog post.

Here's the "money" shot:

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.

Obamacare Effects Account for Most of Income, Spending Increases - Real Time Economics - WSJ


So,the rise in incomes is due to the government borrowing money from future generations in order to provide entitlement-transfer payments now.

ObamaCare has done nothing expect add to the expenses of people who pay for their own health care and/or pay taxes.

Hopenchange!

Of course I read it. I just don't see where the article says this:

So,the rise in incomes is due to the government borrowing money from future generations in order to provide entitlement-transfer payments now.

ObamaCare has done nothing expect add to the expenses of people who pay for their own health care and/or pay taxes.

Even the title of the blog affirms the facts:

Obamacare Effects Account for Most of Income, Spending Increases

 

[depotoo]

Americans spent more in January, but the increase came from a surge in*spending*on heating bills during the harsh winter.

Energy Costs Boosted US Consumer Spending in Jan. - ABC News