Memo to the "low information voters": Obama Care is not affordable

It is called "The Affordable Health Care Act" but affordable it is not:

"As for small business, the overall tax increase this year is substantial. The new listed top rate of 39.6% doesn't include the phaseout of deductions that will take the actual rate to 41% or so for many taxpayers. Add the ObamaCare surtaxes on investment income (3.8%) and Medicare (0.9%), as well as the current Medicare tax of 1.45% (employee share), and the real top marginal tax rate on a dollar of investment income from a bank savings or money-market account will be about 46%. 

Throw in state taxes, and the marginal rates in many places will be in the mid-50%-or-higher-range." (WSJ)

The bottom line is that there is nothing affordable about it.  On the contrary, it is very expensive and unsustainable.  

Click here for our conversation with Dr Ileana Johnson-Paugh about ObamaCare, a.k.a. The Affordable Health Care Act:

Listen to internet radio with Silvio Canto Jr on Blog Talk Radio

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Latin America will present Pres BO with a few challenges in 2013

We discussed several issues regarding US-Latin America on our last show of the year:

1) Hugo Chavez is not doing well.  He is very sick and that will have profound consequences in Venezuela and elsewhere.

In Venezuela, there are constitutional challenges because Chavez may not be in any shape to assume the presidency on January 10th.  The Constitution calls for another election in 30 days.

Cuba, Bolivia and Ecuador have strong ties with Chavez.  Will Venezuela continue to send Cuba "cheap energy"?  We don't know.

2) We discussed the recent land dispute between Colombia and Nicaragua.  Apparently, the Santos government has decided not to observe the ruling and pull out of The Bogota Pact.

3) Argentina is a mess and getting messier.  The Fernandez government is not respecting foreign investment.  We may see Argentina default on its debt in 2013.

4) Mexico has a new president and the elections were orderly.  At the same time, there are fears that Pres Pena-Nieto may cut a deal with the cartels.

Overall, we agree that the Obama administration has been very indifferent toward Latin America.  We need a policy.

Check our US-Latin America show with Michael Prada-Krackow & Fausta Wertz:

Listen to internet radio with Silvio Canto Jr on Blog Talk Radio

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Tags: Latin America will present Pres BO with a few challenges in 2013 To share or post to your site, click on "Post Link". Please mention / link to the My View by Silvio Canto, Jr. Thanks!