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White House: Obamacare Incentivizes Entrepreneurship By Allowing Ppl To Work Less, Get Subsidies
RealClearPolitics ^
| February 4, 2014
| RealClearPolitics
Posted on 02/04/2014 3:58:01 PM PST by i88schwartz
ED HENRY, FOX NEWS: Jason, on your example, and youre talking about somebody making -- working 60 or 65 hours a week and they might now be able to work. I cant remember if you used 30 or 35 hours a week. And they'd have health insurance, just an example.
So it's a good thing that they now have health care; maybe they didnt before. But isnt that man or woman going from 60 or 65 hours to 30 hours --
JASON FURMAN, WHITE HOUSE ECONOMIC ADVISER: No, no.
HENRY: They're making less money, right?
FURMAN: I'm saying if they -- yeah, if the main thing going on here was a change in labor demand. And labor demand, just to be clear, that is the decision that employers are making. So employers are cutting jobs because of the Affordable Care Act, that would be a bad thing because that means somebody who really wanted a job wouldn't be able to get one. You might see the unemployment rate go up as a result of that, for example.
CBO explicitly says that you're not going to see an increase in the unemployment rate, that when you see changes itll be that person who maybe didnt want to work those hours, they still have the option to. They still can, but in that case maybe they'll decide they dont need to anymore, and that, in their case, might be a better choice and a better option than what they had before.
HENRY: If they make that choice and they go from 60 to 30, 35 hours, presumably that family is going to have a lot less take-home pay and they're going to have less money to put back into the economy.
CONTINUE READING...
(Excerpt) Read more at realclearpolitics.com ...
TOPICS: News/Current Events; Politics/Elections
KEYWORDS: barackobama; desparatespin; jasonfurman; jobsparttimejobs; obamacare; obamacareeconomy; obamacarepropaganda; whitehouse
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To: i88schwartz
I’ve always wanted to pursue my career as a shiftless vagrant.
thanks Obamacare!
2
posted on
02/04/2014 4:01:01 PM PST
by
TurboZamboni
(Marx smelled bad and lived with his parents .)
To: i88schwartz
I’m not a day laborer, I’m a free agent.
3
posted on
02/04/2014 4:01:09 PM PST
by
cripplecreek
(REMEMBER THE RIVER RAISIN!)
To: i88schwartz
It’s not quite Arbeit Macht Frei, but I think we’re getting closer,
4
posted on
02/04/2014 4:01:26 PM PST
by
ClearCase_guy
(Anti-Complacency League! Baby!)
To: TurboZamboni
work less, get subsdies
and they think this is a good idea??
5
posted on
02/04/2014 4:03:41 PM PST
by
GeronL
(Vote for Conservatives not for Republicans!)
To: i88schwartz
I swear to Holy Moses, I think that we are being run by chimpanzees. (and no, I am not being raciss).
6
posted on
02/04/2014 4:05:18 PM PST
by
fhayek
To: i88schwartz
The White House response to this is what my father-in-law used to call “taking a bow at your own funeral.”
Years ago Rush had a Paul Shanklin parody in which Obama give a speech about how the recession was really good for people because it gave them time to smell the roses and spend more time with their families.
I hope that Rush remembers that parody and plays it over and over, even allowing it to go on Youtube. This is really a case of life imitates art.
7
posted on
02/04/2014 4:05:52 PM PST
by
Maceman
To: GeronL
We’re dealing with marxists, of course they think its a good idea.
Kind of like their idea that we should subsidize a higher minimum wage like it magically stops price increases that naturally result from a higher minimum wage.
8
posted on
02/04/2014 4:06:55 PM PST
by
cripplecreek
(REMEMBER THE RIVER RAISIN!)
To: fhayek
9
posted on
02/04/2014 4:13:10 PM PST
by
Red_Devil 232
((VietVet - USMC All Ready On The Right? All Ready On The Left? All Ready On The Firing Line!))
To: TurboZamboni
http://whywork.org/
Nancys peps...CLAWS
Creative Livable Alternatives to Wage Slavery
“Think of an economy where people could be an artist or a photographer or a writer without worrying about keeping their day job in order to have health insurance.”
Nancy Pelosi
10
posted on
02/04/2014 4:14:13 PM PST
by
griswold3
(Post-Christian America is living on borrowed moral heritage)
To: i88schwartz
CBOs estimate that the ACA will reduce employment reflects some of the inherent trade-offs involved in designing such legislation. Subsidies that help lowerincome people purchase an expensive product like health insurance must be relatively large to encourage a significant proportion of eligible people to enroll. If those subsidies are phased out with rising income in order to limit their total costs, the phaseout effectively raises peoples marginal tax rates (the tax rates applying to their last dollar of income), thus discouraging work. In addition, if the subsidies are financed at least in part by higher taxes, those taxes will further discourage work or create other economic distortions, depending on how the taxes are designed. Alternatively, if subsidies are not phased out or eliminated with rising income, then the increase in taxes required to finance the subsidies would be much larger." (page 118)
http://www.cbo.gov/sites/default/files/cbofiles/attachments/45010-Outlook2014.pdf
11
posted on
02/04/2014 4:17:16 PM PST
by
Lorianne
(fedgov, taxporkmoney)
To: Lorianne
That is just troubling in so many different ways.
12
posted on
02/04/2014 4:18:35 PM PST
by
Free America52
(The White guys are getting pissed off. We beat Hitler Hirohito and Krushchev. Obama will be easy.)
To: i88schwartz
Just saw that dope, Furman on Greta.
what a loser.. where do they find these doofs?
To: fhayek
14
posted on
02/04/2014 4:26:38 PM PST
by
Ray76
(How modern liberals think: http://www.youtube.com/watch?v=eaE98w1KZ-c)
To: i88schwartz
"CBOs updated estimate of the decrease in hours worked translates to a reduction in full-time-equivalent employment of about 2.0 million in 2017, rising to about 2.5 million in 2024, compared with what would have occurred in the absence of the ACA. Previously, the agency estimated that if the ACA did not affect the average number of hours worked per employed person, it would reduce household employment in 2021 by about 800,000. By way of comparison, CBOs current estimate for 2021 is a reduction in full-time-equivalent employment of about 2.3 million."
15
posted on
02/04/2014 4:27:53 PM PST
by
Lorianne
(fedgov, taxporkmoney)
To: i88schwartz
The last paragraph of this article offers conclusive, incontrovertible proof that liberalism is, in fact, a mental disease. Settled science as far as I'm concerned:
FURMAN: First of all, for many people, thats potentially an incentive to do more. Theres an incentive for more entrepreneurship, because theyre not locked into a job, theres an incentive for hire -- for employers to be able to hire more people, because the cost of health care is lower. There's an incentive to hire workers who are going to be absentees less. So I think there is a whole bunch of puts and takes here that we need to take into account.
What?
16
posted on
02/04/2014 4:33:09 PM PST
by
upchuck
(Stop this abuse now! Get behind Convention of States: http://bit.ly/1ak1Iz9)
To: i88schwartz
Soooooooo, it’s puts and takes now???? Which is positive and which is negative? Are they both positive? Fewer hours with less pay...is that a put or a take?
HAS THE ENTIRE GOVERNMENT GONE STARK, RAVING MAD?
17
posted on
02/04/2014 4:37:40 PM PST
by
abclily
To: upchuck; Egon; Orgiveme
FURMAN: First of all, for many people, thats potentially an incentive to do more. Theres an incentive for more entrepreneurship, because theyre not locked into a job, theres an incentive for hire -- for employers to be able to hire more people, because the cost of health care is lower. There's an incentive to hire workers who are going to be absentees less. So I think there is a whole bunch of puts and takes here that we need to take into account.Why is it that Furman's statement gives me a visual of a bunch of people standing around the corner of the Home Depot parking lot waiting for someone to come and pick them up for day labor. What kind of entrepreneurship is he talking about? Your name on the door of a beat-up, stake-bed, one-ton truck full of migrant workers going to clean up a construction site? Pardon me, but Grapes of Wrath didn't portray utopia.
18
posted on
02/04/2014 4:49:19 PM PST
by
RhoTheta
("We're from the Government, and we're here to help you ... NOT")
To: i88schwartz
Page 128: "In CBOs judgment, the costs of the (employer mandate) penalty eventually will be borne primarily by workers in the form of reductions in wages or other compensationjust as the costs of a payroll tax levied on employers will generally be passed along to employees. Because the supply of labor is responsive to changes in compensation, the employer penalty will ultimately induce some workers to supply less labor."
19
posted on
02/04/2014 5:02:43 PM PST
by
Lorianne
(fedgov, taxporkmoney)
To: fhayek
Ya know, pal, I find it highly insulting that you think
we couldn't do better than this.
20
posted on
02/04/2014 5:15:40 PM PST
by
TigersEye
(Stupid is a Progressive disease.)
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