Question about obama care... what would you have to cut out with 10% less pay?

[TAB]

I was thinking about obama care and employees,  doing some rough figures it would rasie my base costs about 15% for employees.  which would mean I'd either have to charge 30% more or cut pay about 10% to be at the same base cost I am now.

clearly charging 30% more right now is out.

So the question becomes, if you have a 10% pay cut, what would you not be able to do that you can now?

[Hazcat]

eat

[JC5123]

Save for my daughters college. Times are tight right now, and I'm barely managing to put away 5%. Which isn't much. So any cuts to my income and she better hope she's a star athlete.

[TAB]

I was just thinking about my wife pay.

She makes about 14k a month and only brings home about 3100 do to her student loan and insurance.  if she took a 10% pay cut she would lose almost half of her take home pay.   eek

[billt]

Rush said on his show this morning that the Associated Press reported, that with Hussein Care the average retired couple will need at least $250,000.00 cash to pay for medical expenses during their retirement. Who needs "death panels"?  Bill T.

[Sponsor]

[ericire12]

Actually what it means is companies will be cutting jobs by 10%. CAT announced it would cost them $100 million the first year, and John Deere announced it will cost them $150 million..... the only way around this is to cut jobs.

Thanks, Berry, you just shackled our economy with even more joblessness at the worst possible time imaginable.

[Timothy]

About 600 bucks of monthly co-pays for my wife's medication.  

I have no idea what I'm gonna do when medicare kicks in, if its even going to be there in 13 years.

[Pathfinder]

Actually what it means is companies will be cutting jobs by 10%. CAT announced it would cost them $100 million the first year, and John Deere announced it will cost them $150 million..... the only way around this is to cut jobs.

Thanks, Berry, you just shackled our economy with even more joblessness at the worst possible time imaginable.

Just doing what he was elected to do. Not elected by the populace, but by Soros et al.

[MikeBjerum]

TAB,

You need to start explaining this like a true businessman:

You are not cutting their pay!  Your workers' pay is a combination of their gross pay, your share of social security and medicare, medical coverage you give them, retirement plans you fund, and any other benefits you pay or provide for them.  Most people think they earn $X and the employer's share is just magic money.  When you start paying an extra $100 for their medical you can cut their cash pay by $50, and they still received a $50 raise ... And this ain't fuzzy math either!

[ericire12]

Just doing what he was elected to do. Not elected by the populace, but by Soros et al.

Isnt it ironic that our first black president is going to lead us back into slavery.