Skip to comments.Obamacare remakes the economy -- and it's not all that bad
Posted on 02/04/2014 6:51:03 PM PST by Innovative
...CBO says Obamacare, as the law is known, could cut the size of the U.S. workforce by 2 million people within 3 years...
Thats roughly double the CBOs prior estimate...
Those 2 million jobs dont represent people who will be fired or denied work because of Obamacare. They represent people who hold a job primarily for the healthcare benefits provided by their employer, and might choose not to work it they could get coverage some other way. The ACA will reduce the total number of hours worked, the CBO explained in its report, almost entirely because workers will choose to supply less labor.
(Excerpt) Read more at finance.yahoo.com ...
yeah how do you destroy something you have already destroyed
And the people who will die because their health insurance was cancelled and can’t afford the astronomical premiums demanded by Obamacare, well heck, they would have died anyway, so it’s all good.
Is this CBO report the equivalent of a Financial Impact Statement?
Yes... it HELPS the economy when you pass laws that (even its greatest proponents say) will cause people to want to work less.
double-plus good-speak from the non-partisan CBO.
Double speak and gibberish.
Does anyone remember “Funemployment”?
Two million more people on YOUR nearby street corner with a cardboard sign “Homeless Vet....Anything will help...God Bless”
On the bright side, work sucked anyway.
Why work to pay for your HC when you can sit home and have someone else pay for your subsidies. As Pelosi stated; now you can become a poet, artist, or go back to college and study 13th century Lesbian Literature
So now you don’t have to work as hard to earn health insurance coverage. Well golly gee, lets all get into that cart and ride. Why be the poor sap who has to do all the pulling?
What could go wrong?
I read the article and it fits in with Nancy Pelosi’s vision of a nation of loafers (’artist’ as she called them) or folks who are generally uncommitted to their jobs. This may seem good for any given individual, but I don’t see how it will not hurt the overall economy. Plus, the additional unemployed will find other interesting things to do, resulting in higher crime rates. Perhaps they will form the core of Obama’s tonton macoute “Domestic Security Force”.
So promoting a culture if dependency and the patron state is not all that bad?
Bra....yoos kuhrayzee ...
Not really good for the individual either. The cliche that idle minds are the devil's workshop is not far from the truth. God gave us work to do. Even when the world was perfect, God gave Adam a job - to keep and dress the Garden. Likewise Paul wrote in his letter to the Thessalonians that he who does not work shall not eat.
No matter what the task, toilet cleaner, teacher, or doctor - all the work we do is to the Glory of a God. Idleness does not glorify His Name.
These are people who hold jobs to take care of themselves, but would rather have other people hold jobs to pay for their care. Only a liberal would think that type of change is a good thing; I've never understood those who admire parasites or who aspire to that status.
In that regard, Obamacare does create the kind of perverse incentivegiving people a reason not to workthat upsets a lot of taxpayers.
Yes it does. I want my money spent on our defense, veterans, and maybe to match foreign incentives to keep jobs here, not so someone else can choose to work part time at my expense.
Me neither, but one thing I'll remember about the Obama years will be feeling stupid for working and paying my bills.
How can the CBO compute the numbers of what they anticipate employers reaction to the PPACA will be? There are no current numbers available to develop statistical trending. There are no numbers for the impact upon larger corporations, since that's been illegally delayed until after the 2014 election. How is that statistical trend developed? Since when is EMPLOYEE CHOICES to instead not work a measureable set of numbers? Since when does EMPLOYEE CHOICES dictate to employers whether a position exists or not?
I guess they mean that people who are productive will then decide to sit home and collect a government subsidy,great,then where does that money come from to pay them with the debt at 17 trillion and growing?
This IS just like Denmark. One thing extraordinary about the US work force was its work ethic. That is CHANGING, not for the better.
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