Forget about the end of the payroll tax holiday (no doubt you noticed your paycheck was a little less this month) or the more intangible $16.5 trillion debt we’ll be paying off for generations to come.
The fiscal cost of Obamacare and all the other less obvious actions by the Obama administration are right there in your pay check – or, rather, not there.
Over 6,125 new regulations have been implemented by the White House just since election day ten weeks ago. The total cost for businesses to comply with these and all the other regulations on the books is $10,000 per employee.
Obama’s regulations alone cost the economy over $200 billion a year. Over 20,000 people in the private sector work full time just complying with government red tape. Is that what Obama meant when he said he would create new jobs?
The original Obamacare bill was 2000 pages long.
Thumb suckers in Washington have added another 20,000 pages of rules to Obamacare, and they continue to work overtime creating new ones. The original bill called for 400 new oversight agencies. Only a handful of these have even been created yet, much less funded.
The average cost for small businesses to comply with Obamacare will be $1.90 per hour per employee. (Large companies already have the bureaucracy in place.)
The bottom line is that without Obamacare and Obamocracy low-wage workers would be earning $1.90 more per hour PLUS a $10,000 bonus at the end of every year.
Obama kept his pledge of not raising taxes on the middle class.
He passed the costs all on to low wage workers.
