200 Economists Ask Lawmakers to Repeal Obamacare

I’m not the only one saying it: Two hundred economists ask lawmakers to repeal Obamacare. Key quote:

The letter from economists said the law is “fiscally dangerous at a moment when the United States is already facing a sea of red ink. It creates a massive new entitlement at a time when the budget is already buckling under the weight of existing entitlements. At a minimum, it will add $1 trillion to government spending over the next decade,” the letter stated. “Assertions that these costs are paid for are based on omitted costs, budgetary gimmicks, shifted premiums from other entitlements, and unsustainable spending cuts and revenue increases.

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The state of Virgin Galactic

The state of Virgin Galactic. Key quote:

One of the great things about Galactic is that it’s still built on a non-government market — that is to say, the individual spacefarer market, the space tourist market, call it what you will. As you know, we’re now over 400 people [who have paid deposits for a spaceflight], and over $55 million dollars in deposits. None of that is based on a government program. I think that’s really encouraging. It’s a sign that there are markets outside the government, and that you can build a human spaceflight business around those markets.

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What Congress Should Cut

What Congress should cut. And they find $3 trillion in only 14 paragraphs. Key quote:

None of this will be easy. Many will likely demagogue any reduction in the rate of growth of spending as a devastating “cut.” But the politics of spending has changed, and there is an expectation among fiscally conservative voters—Republicans, independents, tea partiers and even Democrats—that the government tighten its belt, just as American families have been forced to do. Some in the Republican establishment have already started complaining that this is too politically difficult. These naysayers misread today’s political climate. Should they succeed in blocking change, tea party voters will hold them just as accountable as big-spending Democrats.

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Nearly 3000 doctors surveyed believe ObamaCare will hurt care quality and doctor pay

Repeal the damn bill! By large majorities, surveyed doctors believe that ObamaCare will hurt care quality and doctor pay. Key quote:

During the next 5 years, the quality of health care in this country will improve (18%) stay same (17%) deteriorate (65%).

The Affordable Care Act will result in physician reimbursement becoming more fair (9%) neither fair nor unfair (17%) less fair (74%).

Overall, the impact of the Affordable Care Act for patients will be positive (27%) neutral (15%) negative (57%).

Overall, the impact of the Affordable Care Act for physicians will be positive (8%) neutral (14%) negative (78%).

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