Monday, March 26, 2012

Obamacare Has Supreme Court Hearing on Constitutionality

This is such an ugly topic that rather than include a relevant photo, I chose to include a picture of Bradley Cooper. Forgive me for trying to bring some beauty into an ugly world.

Anyways, today the Supreme court will begin hearing arguments over the constitutionality of Obamacare. They will hear the arguments over the next three days, but thus far they have spent most of their time arguing over the rules both sides will abide by in the proceedings. The arguments are now underway however and the day is rolling right along.

I will update when more information comes out/ when I'm not stuck in class, but I encourage you all to follow what is going on in Washington today as it WILL directly effect you.

This picture is a tad more relevant. The hearings will continue tomorrow and will NOT be held up over the technicality of the 1867 law which would prevent a law suit from being filed until AFTER someone has paid the penalty. Basically what this means is that this law would prevent this law suit from going forward until after the IRS penalizes someone for being uninsured which wouldn't happen until 2015. However, the court is not going to get caught up in this law and will hear the case. Their argument is that this is not a measure to raise revenue as if all goes to plan, they will not be collecting this money. In other words, if all goes to plan everyone will have insurance and they won't make any money from this fine. We'll see.
Tomorrow will focus on the constitutionality of the law. Let's keep our fingers crossed!

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