Posts Tagged ‘social security’
On March 25th I posed the question about the Trickle Down Affect of the Health Care mess.
It didn’t take long, now that businesses can “see” the law, for the trend began.
Between the 25th and 26th a few large companies came out and said the bill will hurt them and will hit them pretty hard. AT&T, Verizon, Caterpillar, Deere, Valero Energy, AK Steel and 3M said “a tax provision in the new health care law will make it far more expensive to provide prescription drug coverage to their retired employees. Now, both retirees and current employees of those companies are wondering whether the new law could mean reduced or canceled benefits for them in the future.”
The list continues to grow. On Wednesday the 31st Boeing pretty much said the same thing.
You don’t even have to think very hard to realize that the American People are going to take a hit. AT&T and Verizon are going to have to pass along, to US, increases in our rates. You watch – it will happen! Valero Energy provides us with gasoline for our cars. Oh, no! Gas prices will have to increase. Prices for food will follow as the trucking companies get hit with increased fuel costs. And oil is used in many of the products we use all the time.
Look around the room you are in right now. What is in that room that 3M has made? Whatever it is will probably cost more soon. And airplanes is Boeing so I guess the airlines will raise prices to pay for the planes.
This year our fuel oil, for heat and hot water, cost about $2.79 a gallon. The smallest delivery size we can get is 100 gallons which equals $279.00. I can only wonder what it will cost next winter. $3.79 a gallon? $4.50 a gallon?
My fellow veterans and my fellow Americans, get on the stick and start getting on the people who put this into law and get on the people that can reverse it. NOW! (No more reunions because of the costs???)
I was worried before and even more now.
Opinions are welcome!
Okay. The Health Care mess is now the “law of the land”. Is that good?
Think about this. The law is going to force businesses to purchase health care for their employees. Is that good or bad? Were you aware that the only reason any company has offered health insurance to employees was TO HIRE THE BEST PEOPLE and to keep them. It’s not a “right” that the employer must give insurance. At least it wasn’t. It started over competition for workers.
So, okay, the employer now has to shell out money for health insurance. One of three things will happen.
1 – The employer will take some of the wages to offset the cost thus cutting “take home pay” cutting what the employee can spend thus hurting the economy.
2 – The employer will raise prices to the consumer – you and me. So we will either not be able to buy from that guy or if we do we won’t have that few bucks to spend on another company’s product. This hurts the economy.
3 – The employer will not be able to keep the entire staff, or expand his staff, and there is an unemployed worker. That hurt the economy.
Let’s go a step further.
1 – Company makes a product.
2 – He has to pay more for the supplies to make that product because his supplier has had to raise his prices.
3 – He has to pay more to get his products delivered to the store selling it because the firm doing the deliveries has had to raise their prices.
4 – The store selling it has to increase the mark-up to cover their additional health care expenses.
Let’s target one industry – Oil. Oil drillers raise prices; refineries raise prices; delivery truckers raise prices; gas stations raise prices; home heating oil companies raise prices and so on. I don’t even know all of the stuff that oil is used for but I can see our gas prices going to $4.50 or $5.50 a gallon. Now that’s really cool!
For me that means I will need a sizable increase in my Social Security to cover all of those increase prices. How about you? You need a raise too. However, you happen to be the one that your employer has to cut so he can pay for the increased costs.
This is not good for our economy or for our work force or, and especially, OUR COUNTRY!!
What do you think?
And that’s my view.