Treasury Department

Of Course Obamacare will Stay (at least the tax)

Submitted by Chris Ducret on Mon, 12/30/2019 - 18:45

AP released an article today about why after 3 years no Obamacare replacement.  The simple reason is money.  For the month of November, the US spent $434B. The amount of cash the government took (revenue to a business, tax for a government) is $225B.  So the government is spending nearly 2x of what is taking in. But that is OK, because just issue debt, which is what is being done.