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Commentary :: Labor
Forced Health Insurance Costs Will Damage Housing Market/Related Employment
30 Oct 2009
Stagnate or declining home sales over a long period, generally have caused increasing unemployment in construction, manufacturing and financial institutions dependent on a stable housing market.
Forced Health Insurance Costs with or without a Public Option is unaffordable for many Americans. Has Sen. Reid considered the economic damage Forced Health Insurance Costs and Penalties will cause Americans?

Millions of families that cannot afford to pay both forced health insurance and their home mortgage or rent, will have to pay Opt-Out penalties with money they might need for medical expenses. Citizens caught in this Catch 22 which there may be millions, may not be considered poor for federal assistance to buy health insurance. Middle class home buyers stabilize the housing market but many will have to Opt-Out of health insurance to eliminate that debt, to qualify for mortgages. Obama pumped up the housing market with billions of Tax Dollars and home buyer incentives, then forces expensive health insurance that will undermine home buyers needed to support home values that secure trillions in bank mortgages.

Historically, fewer home buyers has lowered home selling prices and a reduction in property taxes—forcing local governments to ask federal agencies for money; increasing federal deficits. Stagnate or declining home sales over a long period, like the present, generally have caused increasing unemployment in construction, manufacturing and financial institutions dependent on a stable housing market.

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