Obamacare and Defense Spending
Photograph by Nathaniel St. Clair
With Congress overseeing the ending of the Affordable Care Act (ACA), or Obamacare, enhanced premium tax credit (subsidies) for Americans, hiking premiums for them to buy private health care insurance, consider such economics and politics in the context of $1 trillion in defense spending. Why? Context matters, economically and politically.
Against this backdrop, ACA subsidies are 3.0 percent, or three hundredths, of $1 trillion.
To be sure, $30...