Record-high suicides amongst Spain’s unemployed foreshadow what’s to come in America
February 4, 2014
Suicide rates in the U.S. will increase dramatically as 2.5 million Americans lose their jobs in the next 10 years due to Obamacare, following the current rise of suicides in Spain where over 4.8 million are unemployed.
Today the Congressional Budget Office admitted that Obamacare will lead to 2.5 million fewer workers by 2024, and last Friday, Spain’s National Institute of Statistics revealed that Spain’s suicide rate is the highest in eight years as Spaniards struggle with over 26% unemployment.
Suicide emerged as the leading cause of death amongst young men in Spain as the country’s youth unemployment hit a staggering 57.7% in the past quarter.
Suicides are already on the rise in America as the still-lingering 2007 financial crisis keeps millions of Americans impoverished with very few economic opportunities.
“The increase [in suicides] does coincide with a decrease in financial standing for a lot of families over the same time period,” Dr. Ileana Arias, the Deputy Director for the Centers for Disease Control, said to the New York Times.
Obamacare is already destroying what remains of the economy by killing jobs through its employer mandate, which requires businesses with 50 or more full-time employees to provide health insurance for each worker or pay a fine of $2,000 to $3,000 per worker, starting in Jan. 2015.
This is a Catch-22 for many business owners considering that Obamacare has caused insurance premiums to soar.
To avoid these costs, which would bankrupt thousands of businesses across America, owners are now relying on part-time workers more than ever to stay under the magical threshold of 50 full-time employees.
“Obamacare actually gives business owners incentive to cut hours and turn full-time workers into part-time workers,” Michael Snyder wrote. “According to the Wall Street Journal and other prominent publications this is already happening all over the United States.”
This is why millions of Americans will struggle to find work in the coming years and this is why suicide rates will explode as a result.