Archive for the ‘Obama’ Category

Obama: 8 Million Signed up for Health Care

Eight million people have signed up for health care through new insurance exchanges and the proportion of younger applicants has increased, President Barack Obama said Thursday. The enrollments exceeded expectations and offered new hope to Democrats who are defending the law ahead of the midterm elections.

An impromptu appearance in the White House briefing room offered the president an opportunity to trumpet the new figures, which beat initial projections by 1 million. With an eye toward November, Obama castigated Republicans for continuing to seek out every opportunity to thwart the Affordable Care Act.

"This thing is working," Obama said of his signature domestic achievement.

Touting modest progress on another front, Obama said 35 percent of enrollees are under 35 years old, suggesting that in the final weeks of enrollment, the administration managed to sign up higher numbers of younger, healthier people who are critical to the law's viability.

The most coveted age group comprises those between 18 and 34 years old. White House officials said that for the 36 states where the federal government is taking the lead, 28 percent are in that age group a step in the right direction from March, when the administration said just 25 percent were 18 to 34.

In a sharp rebuke to his political opponents, Obama called out states that have refused to embrace an expansion of Medicaid under "Obamacare," arguing that their opposition was rooted in nothing more than sheer ideology and political spite.

"That's wrong. It should stop," he said. "Those folks should be able to get health insurance like everybody else."

Although the first year's open enrollment season for the exchanges closed on March 31, the administration is still tallying the number of total enrollees. States managing their own exchanges have been slower to report data, and some Americans who started applications before the deadline were given extra time to complete their enrollment.

The demographic figures also give Democrats an opportunity to blunt the pessimism of Republicans, some of whom have accused the White House of "cooking the books" by announcing large overall enrollment numbers that tell only part of the story.

"They still can't bring themselves to admit that the Affordable Care Act is working," Obama said. "The longer we see the law benefiting millions of people, the more we see accusations that the law is hurting people being completely debunked."

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Obama: 8 Million Signed up for Health Care

Obama would cut deficits by another $1 trillion

President Obama's 2015 budget won't be enacted. But if it were, it would raise $1.4 trillion more revenue and spend $446 billion more than current policies, according to the CBO.

NEW YORK (CNNMoney)

Of course, the budget wheels for next year are already in motion in Congress, making the president's budget, in effect, a dead letter. It is, however, his wish list for taxes and spending.

The Congressional Budget Office on Thursday said Obama's budget would reduce annual deficits by about $1 trillion more than CBO projects over the next 10 years.

It would do so by raising about $1.4 trillion more in revenue, while also raising noninterest spending by $446 billion, the CBO noted in its analysis.

The net effect: The country's accumulated debt, currently about 74% of the size of the economy, would grow in dollar terms but still remain at 74% of GDP by 2024.

Here are some of Obama's proposals with the biggest effects on the federal budget:

Limit tax breaks for high income households: The biggest revenue raiser is Obama's proposal to limit the value of itemized deductions, as well as certain tax exclusions, to 28% of the amount claimed.

Related: Obama's budget: Help for workers, taxes for the rich

The plan, estimated to raise $498 billion over a decade, would hit mostly individuals who make more than $200,000 and married couples who bring in more than $250,000.

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Obama would cut deficits by another $1 trillion

Did Kathleen Sebelius Have To Go? President Obama Taps His Budget Director To Run HHS – Video


Did Kathleen Sebelius Have To Go? President Obama Taps His Budget Director To Run HHS
Fox News Sunday http://www.foxnews.com/fns/index.html Fox News Sunday: Wallace Watch http://fns.blogs.foxnews.com/ Fox News http://www.foxnews.com/ Fox News ...

By: yazchat

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Did Kathleen Sebelius Have To Go? President Obama Taps His Budget Director To Run HHS - Video

President Barack Obama – Video


President Barack Obama
President Barack Obama.

By: Derick Frederick

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President Barack Obama - Video

Fund: Obama Attacks Voter ID, as Clinton and Carter Support a Form of It – Video


Fund: Obama Attacks Voter ID, as Clinton and Carter Support a Form of It

By: National Review

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Fund: Obama Attacks Voter ID, as Clinton and Carter Support a Form of It - Video