ObamaCare Price So Far: $4.4 Billion to Set Up State Exchanges, More Cancellations Than Sign-Ups & Recession Fears

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(ATR) According to data compiled by Americans for Tax Reform the Obama Administration has spent $4.4 Billion of taxpayers money on state ObamaCare websites $910,605,370.00 in California alone which has seen more than 1 Million health insurance cancellations and a mere 35,000 sign-ups for ObamaCare/Covered California.

Twelve weeks from today on the 07 February, 2014 Breitbart News reports the U.S. Govt will hit its borrowing authority. When Congress lifted the debt ceiling last month, for the first time ever, it pegged the increase to a specific date rather than a dollar amount the current federal deficit today is $17.1Trillion which is contributing to our anemic economy, a record low worker participation rate and rattling Consumer confidence heading into the busiest shopping season of the year, a ‘make or break time’ for many business.

According to Zero Hedge Americans plan on spending 10% less for Christmas gifts this year than last year. During Obama’s Watch, Americans are spending on average 19% less than they spent in 2007 and 18% less than they did in 1999 The last two times the November forecast for holiday spending slumped, the U.S. entered into a recession.

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