By Michael Snyder, on November 25th, 2013
Are you deeply concerned about the future of America? Is something in your gut telling you that our system is fundamentally broken and that the mainstream media is not telling you the truth about what is happening? If so, you are definitely not alone. Right now, there are millions upon millions of Americans that are absolutely horrified as they watch this nation deteriorate. In fact, according to an analysis of recent polling data conducted by Real Clear Politics, approximately 68 percent of all Americans believe that the country is on the wrong track and only 23.5 percent of all Americans believe that the country is on the right track. And of course our problems did not appear just recently. In fact, many of them are the result of decades of very foolish decisions and they are not going to be fixed easily. Unfortunately, there is very little consensus among Americans about how to fix any of our problems. There is more anger, frustration, hatred and division in the United States today than there has been in decades, and there is very little hope that the great storms that are looming on the horizon will be averted. Those that are wise are preparing for what is coming. Those that are not are going to be absolutely blindsided by what is rapidly approaching.
Once upon a time, America was the wealthiest nation on the entire globe by a huge margin and it had the largest and most thriving middle class the world had ever seen. But now America is drowning in the biggest ocean of red ink in the history of the planet and the middle class is being systematically destroyed.
If you read my articles on a regular basis, you already know all of this. But now there are certain factors that are going to cause the problems of the middle class to greatly accelerate.
For instance, just consider what Obamacare is going to do to millions of American families.
The Foundry recently posted a story that detailed the extreme hardship that Obamacare is going to impose on one middle class family in Sonora, California. This particular family is very healthy and does not have a history of health problems. Up until now, they have had a health insurance policy with Anthem Blue Cross Insurance that they have been very happy with.
Back in 2011, this family was paying $389 a month for health insurance.
In 2012, due to changes in California law that figure went up to $499 a month.
Now, this family has just received a letter informing them that their current plan is being canceled and that if they want a new plan it is going to cost them $1,252 a month.
Needless to say, that news did not go over very well with that family.
Just think about it.
Can you come up with an extra $753 a month for health insurance?
Most American families certainly cannot.
Well, Kate Joy and her husband sat down and started trying to figure out how they could squeeze the new health insurance policy into their budget. It turned out that they would have to cut out a lot of things. The following is a list of the proposed cuts that they have come up with so far…
- Stop paying the extra payment on my mortgage: $100/month
- Stop eating out: $150/month
- Don’t go to the movies: $36/month
- Switch to getting a haircut every other month: $15/month
- Stop getting manicures: $40/month
- Stop monthly charitable donations to Wounded Warrior and Habitat for Humanity: $70/month
- Stop saving for an annual anniversary getaway: $60/month
- No Christmas gifts to extended family: $40/month
- Quit buying beef at the grocery store: $100/month
- Teeth cleaning only once per year: $30/month
- Cancel all magazine/newspaper subscriptions: at least $30/month
- Cut DISH service to cheaper plan: $50/month
- Cancel land line phone service: $70/month
If they make all of those cuts, it will save the family $791 a month.
Understandably, that family is having a very hard time feeling optimistic about the future right now. In fact, at the end of the article Kate Joy is quoted as saying the following…
“I fear for what’s coming.”
And of course her family is not the only one that is being absolutely hammered by Obamacare.
In a previous article, I discussed the results of one study which showed that health insurance premiums for men are going to go up by an average of 99 percent under Obamacare and health insurance premiums for women are going to go up by an average of 62 percent under Obamacare.
And a different study found that health insurance premiums for healthy 30-year-old men are going to go up by an average of 260 percent under Obamacare.