DISCLAIMER: THE FOLLOWING "Cost of Freedom Recap" CONTAINS STRONG OPINIONS WHICH ARE NOT A REFLECTION OF THE OPINIONS OF FOX NEWS AND SHOULD NOT BE RELIED UPON AS INVESTMENT ADVICE WHEN MAKING PERSONAL INVESTMENT DECISIONS. IT IS FOX NEWS' POLICY THAT CONTRIBUTORS DISCLOSE POSITIONS THEY HOLD IN STOCKS THEY DISCUSS, THOUGH POSITIONS MAY CHANGE. READERS OF "Cost of Freedom Recap" MUST TAKE RESPONSIBILITY FOR THEIR OWN INVESTMENT DECISIONS.
HUNDREDS OF THOUSANDS OF AMERICANS REPORTEDLY LOSING HEALTH PLAN DUE TO OBAMACARE; HOW BAD WILL IT GET?
GARY B. SMITH: The bottom line is my current policy is being cancelled due to compliance with the health care law. My options for a new policy all had premiums going up at least 50 percent and the deductible's still sky high. I don't see how the young people are going to be able to afford this. This is where the whole thing sinks; the consequences are going to be horrible.
MARK HANNAH: This was anticipated all along that people would get dropped from these bad plans and the solution is that people can get an affordable high quality plan by going to the ObamaCare exchange.
JOHN LAYFIELD: It is not true that people's insurance rates will go down; you are seeing triple digit increases. According to the CBO, 16 to 20 million people are going to lose their insurance. The promises that you can keep your insurance and that premiums will go down are both lies.
TRACY BYRNES: Corporate America is not going to take this hit, we are. They still have shareholders to answer to, they are not going to allow price increases to bother them or their financial statements, these price increases are going to be passed down to us.
JONAS MAX FERRIS: If you are healthy Obamacare might cost you more because it might make you get more expensive health care coverage than you might ordinarily want. But if you are unhealthy, this plan can save you money. For young people, there will be subsides that will substantially lower the plan.
SENATE MAJORITY LEADER REID: "EVERYBODY IS WILLING TO PAY FORE TAXES"
JOHN LAYFEILD: Sen. Harry Reid has is wrong. Look at the migration out of California right now into places like Texas and Florida because people are trying to get away from these ridiculous taxes. Why would people send money down the black hole known as our federal government? They do not want to get spending under control. All they want to do is raise revenue, so they can continue to give everyone everything they ever promised them so they can be great politicians and get reelected. That mindset for our country is an absolute disaster.
MARK HANNAH: Nobody wants to pay more taxes. The only point I think he was trying to make is that most Americans don't share this Republican ideological opposition to taxes; they have more of a logical position when it comes to taxes. Nobody wants to pay more taxes, but they realize when our country is so far in the red one way we have to balance our budget is to increase revenue and decrease spending.
TRACY BYRNES: The middle class is paying for all these taxes. They're getting ripped six ways till Tuesday. It is a stupid mindset to think that taxing the rich is going to solve our problems. There is no way around it.
GARY B. SMITH: Reid was talking about everybody. Reid operates like a vast majority of Congress and a vast majority of the Obama administration under this cloud of hubris. They think deep down that they are smarter than the rest of us. They think we should give them their money and they in their benevolent ways will start up ObamaCare and startup Amtrak. I think Reid just needs to cut spending and say we are big government and we haven't figured it out.
JONAS MAX FERRIS: The majority of people voted for Democrats in the last four years and their plan to solve the debt problem by raising taxes. So I would say the majority want the minority's taxes to pay for everything.
NEARLY 22 MILLION YOUNG ADULTS NOW LIVE AT HOME WITH THEIR PARENTS WITH ONLY 10 percent PAYING RENT; TIME FOR PARENTS TO GIVE THEM SOME TOUGH LOVE?
JONAS MAX FERRIS: I understand the economy is bad for younger people, but it is improving and this figure is not improving in proportion to that which means there is something else going on here. It is because a lot of people will only work as much as their expenses require. It will be better for the economy if people go pay their rent, earn more money to do so, and get their life started.
GARY B. SMITH: My feeling is I can teach my kids lots of lessons in many other ways but the home will always be the home. I want my kids to feel they can stay there as long as they need and they will pass that along when they are married and have kids. That is the one place I draw the line between these hard real world lessons and being a parent.
TRACEY BYRNES: I am a mother and I think the kids should stay home as long as they have to. I moved home twice after graduation and thank God that my parents were there for me.
MARK HANNAH: There is no question that the economic downturn has hurt young people more than other segments of the population. This is a temporary problem; moving back home is a safety net that comes from family, which is a better safety net than one that comes from the government.
JOHN LAYFIELD: We have the lowest labor force participation rate in 35 years; we have the most poverty in our history right now. It is a good thing that these kids have the opportunity to stay with their parents.
GARY B. SMITH: START SHOPPING NOW! (AMZN) DELIVERS A 30 percent PROFIT BY JAN 1ST.
JOHN LAYFIELD: HELP PAY FOR THOSE HEATING BILLS! (FDO) HEATS UP 20 percent IN 1 YR.
JONAS MAX FERRIS: TIME FOR A MAJOR GOV'T TECH OVERHAUL! (VGT) COMPUTES A 20 percent PROFIT IN 1 YR.
TRACY BYRNES: AIRLINES NOW MAKING SMALLER SEATS ON SOME FLIGHTS TO SQUEEZE IN MORE SEATS. THEY NEED TO STOP SQUEEZING US: JUST ADD MORE FLIGHTS!