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| Economy |
| ObamaCare – An Explosion of Regulatory Burdens |
| 2012-09-27 |
| According to former Internal Revenue Service (IRS) Commissioner Fred Goldberg, and supported by the Obama Administration's own figures, ObamaCare "...in its current form will be a needless administrative and compliance quagmire for millions of Americans." Based on IRS estimates approved by the Office of Information and Regulatory Affairs at the Office of Management and Budget, ObamaCare will take American job creators and families nearly 80 million hours to comply with. Over half of that will fall on small businesses. So, what can be done in 79,229,503 hours? •The Empire State building, which took 7 million man-hours to build, could be constructed 11 times. •The Curiosity Lander could travel from Earth to Mars 13,048 times. •Halley’s comet, seen from Earth once every 76 years, could be spotted 119 times. Every hour and dollar spent complying with the Democrats’ health care law are time and resources being taken from growing a business, hiring new workers, or caring for patients. To date, the Democrats’ health care law has resulted in IRS and Treasury issuing thousands of pages of new rules and regulations, including 40 notices, 17 regulations, 5 revenue procedures, 2 revenue rulings, and 14 Treasury decisions. Sixteen IRS regulations implementing the health care law, found below, will require nearly 80 million man-hours per year according to the IRS. Given the enormous impact the regulations will have on job creators, it is no wonder that a recent survey found that over 70 percent of small businesses cite the health care law as a major obstacle to job creation. |
| Posted by:Beavis |
| #5 Yes but do you have the paperwork! |
| Posted by: George Glaigum7976 2012-09-27 17:06 |
| #4 Hey, you can't make an omelet without breaking America! |
| Posted by: g(r)omgoru 2012-09-27 16:50 |
| #3 And that is just part of all the regulation being laid down by Obama's administration. And they wonder why the economy is sputtering and dying... Oh wait... that is their plan, isn't it? Permanent underclass that is dependent on the government and their "betters". |
| Posted by: DarthVader 2012-09-27 14:34 |
| #2 Due to the dismal record of US public education, non of this is read by the general public and when the same level of imcompetency kicks in with the take over of every American's health care by the same government, the best medical systemm in the world has ever known will be eliminated, life expectancy will drop dramatically. So who will be alive long enough to care except for those exempt, the politician? |
| Posted by: Voldemort Hatrack1995 2012-09-27 10:32 |
| #1 ObamaCare "...in its current form will be a needless administrative and compliance quagmire for millions of Americans." Makes perfect sense when strangulation of private sector insurance and medical access is the goal. Housing, education, medical care, and food are RIGHTS, not commodities. [sarc off] |
| Posted by: Besoeker 2012-09-27 10:27 |