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Peter Schiff Video Blog - June 28, 2012 (Supreme Court Ruling on ObamaCare is UNCONSTITUTIONAL)

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June 28, 2012 – Comments (4)

Surprised that this is the first blog about the SCOTUS decision, but I'm fairly confident this will generate some comments. 

4 Comments – Post Your Own

#1) On June 28, 2012 at 7:55 PM, awallejr (82.88) wrote:

Well I had to stop listening because it is one person's opinion that doesn't matter.  The Supreme Court has spoken.  End of story.  If people don't like the decision the remedy is back with Congress.

I really don't understand the program.  It would be nice if someone wrote a book "Obamacare for Dummies."

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#2) On June 29, 2012 at 2:18 AM, motleyanimal (93.40) wrote:

Americans earning $44K or less will get subsidies to purchase health insurance. A person earning $15K to $17.5K will get a 95% subsidy, $17.5K to $20K gets 90%, and so it goes in 5% increments. With most Americans earning $26,364 or less, many people will benefit from very low cost insurance.

Although the details aren't available yet, the average individual insurance policy is expected to cost $5K-$6K. With a 75% subsidy, a $6K insurance plan will cost $1,500, well within the means of a worker earning $26,364.

I'm not fond of the mandate, but I also can't get too excited about this. It addresses a need that has long been neglected.

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#3) On June 29, 2012 at 12:17 PM, leohaas (34.99) wrote:

The comparison of the ruling to the Japanese attack on Pearl Harbor is insane. Who listens to this kind of drivel?

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#4) On July 03, 2012 at 3:16 PM, rfaramir (29.49) wrote:

He uses good logic here. It should have been struck down on the principles cited, but squeaked through because the penalty tax level is too low to call it 'forcing' us to buy insurance due to being ineffective. If it had been high enough, it would have been unconstitutional.

Well, if it forces even one citizen to buy instead of pay the penalty, it is effective enough to call unconstitutional. At least that one person should be able to sue for having his constitutional rights violated, by their logic.

So there is some small hope for Liberty in this country after all.

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