Wegmans cuts health benefits for part-time workers

http://www.buffalonews.com/apps/pbcs.dll/article?AID=/20130710/BUSINESS/130719892/1003

Interesting how the subsidized coverage is presented as a more cost effective and win-win.  Well I guess they left out that subside isn't free, it's funded on the back of the US tax payer credit card.

Previous, the employer and employee shared the heath care cost liability.  

Now its cost shifts to the the US tax payer, and the employee.

Watching the debt clock.  Win win? No mention of the loser. Or the newly involved entity that's now responsible for a sizable portion of the the health care liability, the US tax payer credit card.

Did you see the projections for 2020?  

The Congressional Budget Office (CBO) projects that, under current law, debt held by the public will exceed $16 trillion by 2020, reaching nearly 70 percent of GDP. CBO also projects that interest rates will go up. The combination of rising debt and rising interest rates is projected to cause net interest payments to balloon to nearly $800 billion, or 3.4 percent of GDP, by 2020. wrote:

CBO

http://www.cbo.gov/publication/21960

Well in the 2010 predication that in 2020 US public debt would be $16 trillion and 70% of GDP has been long surpassed unfortunately.

We're currently at 16.911 Trillion in the year 2013 and surpassed 100% of GDP as last year was $15.6 trillion.

GDP is another lie in how they calculate it. Government spending is calculated as part of GDP, thus we grow GDP 2% annually. The real story is that private industry is collapsing and the government is making up the difference plus. Then they come and state, "We're in an economic recovery." Somehow they think government is a self supporting entity.

http://www.taxpolicycenter.org/taxfacts/displayafact.cfm?Docid=203

Check out the predictions for tax revenues are in the coming years and also interesting to look at the history of collections across multiple sections.