Democrats and others who support Obamacare have been spending an inordinate amount of time trying to defend the new health insurance plan. There have been numerous Congressional hearings, and to say the least, the rollout has been anything but smooth. While you can spin anything the way you want to depending on if you are for or against Obamacare, Republicans and those who are against Obamacare have some valid points.
- Costs of the plan will be double or maybe even triple original estimates
- Premiums for many will be higher than before
- Obamacare will kill jobs
- Obamacare is a huge tax
- At least 20 million people will still be uninsured
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Economic effect and a reason to invest in gold & silver
Even under the most rosy of scenarios, for at least the foreseeable future, Obamacare is going to be a drain on the economy. Estimates are that it will add another trillion dollars to the nation’s 17 trillion dollar debt. Small businesses are still scrambling to come up with a plan to deal with the burdensome costs of the new law. While the stock market is being artificially propped up by the Fed’s easy money policy, that eventually will have to end.
Investing in gold and silver might just be your smartest financial move here. Precious metals do best in uncertain economic times and Obamacare has put a tremendous amount of doubt into the economy. Our spiraling debt is going to lead to inflation. Interest rates are going to go up and further slow the economy. It makes sense to put a portion of your investment portfolio into gold and silver today so you will be well positioned for what may happen tomorrow or a year from tomorrow.
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