The time on President Obama's controversial and faulty health care bill is now running out. This radical legislation probably cannot be stopped in the Senate because the Obama administration wants to use the rare reconciliation procedure with 51 votes, but it can be defeated in the House because there are now dozens of congressmen who are rethinking their support for this faulty bill. In the last go-round, it passed by a slim margin: 220-215.
The bill would cut $500 billion from Medicare, force rationing of health care and force an average of a $2,000 increase in health insurance premiums.
It will force young people to purchase health insurance even if they don't need it or want it, and they are subject to a 2.5 percent fine of their income -- or even face prison -- for not having insurance. It will also raise top marginal income tax rates and capital gains tax rates.