Why won't Democrats discuss the collateral economic damage the current Health Care bill will cause Americans?
After the current Health Bill Passes, million of Americans will be awaken to the fact the costs of forced health insurance has disqualified them getting a home mortgage. For many, Forced Health Insurance Costs could equal their paid Income Tax. Homeowners will find it impossible to pay both their forced health insurance and mortgage. Americans that can’t afford health insurance or pay opt-out penalties, the IRS shall pursue and may file liens destroying their credit. Families that can’t afford forced health insurance and are deemed not poor by government for subsidized insurance, may have to sell their homes or borrow money to purchase health insurance or pay Opt-Out penalties with money needed for medical expenses.
Obama’s burdensome taxes and costs of force health insurance will force down home values as home buyers increasingly qualify for smaller mortgages: Further decline in home values could destabilize U.S. banks dependent on home values to secure trillions in outstanding mortgages. Historically, declining home values cause job loss in related real estate industries, e.g. construction and manufacturing.