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Democrats included the provision, known as the CLASS (Community Living Assistance Services and Support) Act, in ObamaCare as an accounting gimmick to make it seem as though the law would shave billions off of the federal deficit over the next decade because its revenues are front-loaded from now until 2017, when the first benefits are paid out.
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“Ted Kennedy set it up so that it would require a bailout,” said Ryan Ellis, tax policy director with Americans for Tax Reform. “It was the first bite of the apple like some of these welfare programs in that they are underfunded, so that the only way to be responsible is to need to raise taxes later in order to bail it out.”
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President Obama’s own debt commission, led by former Wyoming GOP Sen. Alan Simpson and former Clinton Chief of Staff Erskine Bowles, found the CLASS Act would be “unsustainable” and was “fiscally unsound,” and that it needed to either be significantly reformed or repealed.
Sebelius provided a similar assessment last February when she told a Senate panel the long-term care provision was “totally unsustainable.”
Even Sen. Kent Conrad (D.-N.D.), an ObamaCare proponent, called the CLASS Act a “Ponzi scheme of the first order that even Bernie Madoff would be proud of ” in 2009 during the debate on the health care law.
So this is created to fail in order for more government taxation and control can take place down the road. Both sides are already saying it won't work in its current status. They passed this flawed piece of crap knowing it wouldn't work.
There are many parts of Obamacare that I do like and there are things I don't like... put it this way... there is ABSOLUTELY NO WAY that Obamacare is going to work as it is written... its going to go some MAJOR changes over a period of time because it is completely unworkable... I think the courts and the politicians have said the same thing, they EXPECT major changes to it... I will tell you though, taxpayers are going to get the short end of the stick...
I suspect Obamacare will be repealed so be at peace. What little of it survived the gestation process doesn't kick in till 2014.... ... i.e. never. So, Obamacare isn't the problem, is it. That is a rhetorical question. Not Obama, not the drilling moratorium, not tax increases for wealthy Americans, and definitely not Obamacare are responsible for the 9.1% unemployment rate. None of you posting here are unemployed, what is it to you? Hmmmmm?
I suspect Obamacare will be repealed so be at peace. What little of it survived the gestation process doesn't kick in till 2014.... ... i.e. never. So, Obamacare isn't the problem, is it. That is a rhetorical question. Not Obama, not the drilling moratorium, not tax increases for wealthy Americans, and definitely not Obamacare are responsible for the 9.1% unemployment rate. None of you posting here are unemployed, what is it to you? Hmmmmm?
H
Assume nothing. It will kick in as planned unless it is repealed.
ObamaCare is a big part of numerous problems.
I will just quote the article.
“The federal government is still going to be stuck with the benefit side, but it will have already spent the money,” Corker said. “It will be sort of like a business guy setting up a storefront operation, and for years taking in money from people for benefits that they’re going to pay down the road and basically closing up shop and moving to some other place.
“I don’t think anyone could have thought of a worse scheme to pay for health care in the short-term than this.”
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