The costs of Obamacare, including paying for Sandra Fluke’s contraceptives, come out of our hide in the higher prices we’ll pay for products, as companies pass on their higher health care costs to consumers. And as wages stagnate, as employers take bigger chunks of paychecks to cover health insurance costs.
The CEO of Papa John’s Pizza recently said that Obamacare will add 11 to 14 cents in cost to each pizza delivered.
University of Chicago economist Luigi Zingales notes in his new book “A Capitalism for the People”, “If workers feel poorer, it is because rising health insurance premiums have been swallowing up most of their real wage increases of recent years.” Premiums for family coverage, per Zingales, rose 50 percent from 2003 to 2010.
According to economist Art Laffer, government stimulus spending over the last five years totaled $4 trillion. That’s almost $13,000 for every American man, woman, and child. Our money, spent by politicians, according to Laffer, on “banks and companies that fail, solar energy companies that can’t make it on their own, unemployment benefits, and the like.”
How can we possibly have a functioning economy when politicians can randomly steal from citizens? When, basically, we have legalized theft.
Our economic crisis is also a crisis in values.
At the root of our floundering economy is a loss of respect for the sanctity of private property that goes hand in hand with the loss of respect for the sanctity of life and marriage.