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Oh, I disagree. People aren't saving less because of "Obama's new taxes". They are saving less because they feel secure about their future.
In 2008, people were saving money at twice the rate as 2007 and, at the time, it was predicted that once the economy improved people would return to their "shop-till-you-drop" ways. That is exactly what they have done. It is a result of Obama turning the economy around.
I will say that I was not a big fan of the Affordable Care Act when it was enacted. I said at the time it was too all-encompassing but it passed and I believe we have an obligation to do all we can to see it succeeds. IMO, the proof of whether or not it is a success will be the emergency room occupancy rates and a stop to the ever escalating policy premiums. If emergency rooms are still full and premiums continue to rise, it is a failure.
It seems to me the people who are doing all the complaining are the ones who are too self-indulged to comprehend the value of health insurance. They are the very ones who get in an accident or are diagnosed with a terminal illness and expect tax payers to pick up the tab. The ACA will, at the very least, make these people give health insurance a second thought.... even if all they are doing is paying a penalty for non-compliance.
Payroll Tax Hike Will Shrink Your Salary Starting New Year's Day 2013
Starting January 1, 2013, when the payroll tax break expires, around 160 million American workers will bring home less money with every paycheck. For workers earning $50,000 in annual salary, that means nearly $1,000 for the year or one less bag of groceries each week.
Even having less money, consumers are not spending near enough to compensate for a slow dismal recovery.