Obama’s policies stifle U.S. businesses

The third-largest employer in the world is the health care system in the UK, which looks after 50 million people. It is now projected that the state-run health care system in Ontario will use up 80 percent of its tax revenue within nine years. Obamacare is supposed to service a rapidly aging population of over 300 million, so if you think the cost of public sector employees is too high now you haven’t seen anything yet.

I’m not sure any of the above will matter if the Ontario projections are even close to being accurate because the health care costs plus the interest payments on a $15 trillion debt will be over 100 percent of revenue.

Successful businesses are in great part successful because they look ahead and plan accordingly. Most of President Obama’s policies prevent businesses from doing this due to the large amount of uncertainty involved. What is the tax situation? What is the cost of Obamacare? And doing a 60-day extension no matter how it is spun doesn’t help this situation.

Our domestic economy today is stagnant in part because I don’t believe our leadership looks past the next approval rating poll. We have an administration that wants to expand a public sector that is dependent on the private sector tax revenue while doing all he can to remove any incentive for private sector growth unless you have an unmarketable “green” idea. Look around Mr. President, when the public sector outgrows the private sector you have Greece, when you sell the idea of a new economy based in “green technology” you have Spain. You don’t have to forecast where these countries are going, they already got there.

Marc Thomsen

Elk Grove Village