Cantor: Vote to Repeal Obamacare July 11

After the disastrous Supreme Court ruling this morning on ObamaCare, House Majority Leader Eric Cantor (R-Va.) said that the House Republicans will schedule a vote on repealing the health care law on July 11, after the House gets back from its recess.

Cantor spoke of the SCOTUS decision:

“The Supreme Court’s decision to uphold ObamaCare is a crushing blow to patients throughout the country. ObamaCare has failed to keep the President’s basic promise of allowing those who like their health care to keep it, while increasing costs and reducing access to quality care for patients.”

With the abandonment of the Constitution in the SCOTUS ruling, it is now up to Congress to stop its implementation. And only a Republican Congress will do so. With the Republican majority in the House, it is up to the American people to elect a Republican super-majority in the Senate. Cantor’s vote is the first step in winning the trust of the American people that Republicans are serious about throwing ObamaCare out.


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The past several months have seen the price of gold slump even as the Fed and other central banks have accelerated their massive expansion of paper money. Gold is off about 20% so far this year with silver down almost 30%. The old adage--“don’t fight the Fed”--particularly comes to mind now because the US equity markets have been setting new highs during this same period. All of these gains are nominal, you understand, but for terrified American policy makers and investors, nominal is just fine.

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