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Forced Health Insurance Costs Could Damage Housing Market

by Wendy Stewart Saturday, Oct. 31, 2009 at 6:35 PM

Citizens caught in this Catch 22 which there may be millions, may not be considered poor for federal assistance to buy health insurance.

Forced Health Insurance Costs with or without a Public Option is unaffordable for many Americans. Has Sen. Reid considered the economic damage Forced Health Insurance Costs and Penalties will cause Americans?

Millions of families that cannot afford to pay both forced health insurance and their home mortgage or rent, will have to pay Opt-Out penalties with money they might need for medical expenses. Citizens caught in this Catch 22 which there may be millions, may not be considered poor for federal assistance to buy health insurance. Middle class home buyers stabilize the housing market but many will have to Opt-Out of health insurance to eliminate that debt, to qualify for mortgages. Obama pumped up the housing market with billions of Tax Dollars and home buyer incentives, then forces expensive health insurance that will undermine home buyers needed to support home values that secure trillions in bank mortgages. Historically, fewer home buyers has lowered home selling prices and caused a reduction in property taxes—forcing local governments to ask federal agencies for money; increasing federal deficits. Stagnate or declining home sales over a long period, like the present, generally have caused increasing unemployment in construction, manufacturing and financial institutions dependent on a stable housing market.
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More than This

by Looted Institutions Sunday, Nov. 01, 2009 at 11:51 AM

The current problem with housing sales are a mere side effect of the financial collapse that is now taking banks, insurance companies, automobile manufacturing and their credit arms, into a black hole of their own ponzi schemes which began with the repeal of the Glass-Steagall Act allowing these institutions to commit unaccountable fraud with the assets they held in trust.
Like a jobless recovery, the only beneficiaries of this depression are the criminals who crafted it.
real Estate is not going to recover when no one except the state will buy.
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unaccountable fraud

by just wondering Sunday, Nov. 01, 2009 at 1:00 PM

Such as indymedia editors who can't keep track of the donations?
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