Agreed. Bush and Cheney are going to hell.
CBO nearly triples estimate of working hours lost by 2021 due to Affordable Care Act
- Thread starter Tsing Tao
- Start date
Agreed. Bush and Cheney are going to hell.
My views on how to pay the military while overseas in harm way, pay em out the ass, make them stay for another tour another pay raise. Top notch medical and rehab treatment for those who need it. If we can't afford to pay them or take care of our injured then we don't need to send them to battle, not in this day and age.
Here's the background: There are people who are working full time, even though they don't want to but do so in order to receive healthcare coverage from their employer. Obamacare allows these people the option to work part time while getting their healthcare coverage from the exchanges. That's it. There is no job loss, it's just people opting to work less which they always wanted to but couldn't.
Read the CBO report, it's a supply issue not a demand issue.
As if what Obama has done and is still doing is any better?
Lol. You're clueless. Who the heck is gonna pay for these subsidies (i.e. handouts)? Sorry, Hillbilly but you just don't get it. Oh yeah, money grows on trees.
To heap disproportionate salaries and pensions on career liars (politicians), and leave courageous men and women who served their country in war to rot, belies the true spirit and degeneracy of the American Government. Snakes.
Calling that hag clueless is an insult to clueless people. She's not clueless, she's a shill.
http://www.breitbart.com/Big-Government/2014/02/05/CBO-ObamaCare-Will-Kill-25-Million-Jobs
On Tuesday, the CBO confirmed what conservatives warned about during the first debates on the law -- ObamaCare is bad for the economy. The non-partisan office estimated that, in just a decade, there will be 2.5 million fewer workers in the labor market than otherwise would be without the health care overhaul. In addition, ObamaCare will increase the debt by more than $1 trillion over the next ten years.
Realizing the political damage the report could cause Democrats in the upcoming elections, the White House attempted to put a positive spin on the shrinking labor market.
Seriously, "trapped in a job?" ObamaCare will allow Americans to pursue their dreams? A small labor force translates to less national income and lower productivity. There is simply no way to spin the contraction as an economic good.
The lost workers arise chiefly for two reasons. The first is the law's expansion of Medicaid reduces the incentives to work. Second, the removal of subsidies to purchase insurance at higher incomes encourages individuals to work less. Earning just a few dollars more than the subsidy threshold would represent, effectively, a massive tax hike on the worker.
Perhaps the economic loss is simply the price to pay to get universal coverage. However, at the end of the decade, over 30 million people would still be (un)insured, the CBO estimated. That is roughly only a 25% reduction in the number of those currently uninsured.
CBO Director: Actually, Obamacare Will Reduce Unemployment
Posted: 02/05/2014 5:30 pm EST Updated: 02/05/2014 5:59 pm EST
"President Obama's health care reform law isn't going to kill 2.5 million jobs, Congressional Budget Office director Douglas Elmendorf told the House Budget Committee on Wednesday.
"One day after multiple media outlets misinterpreted a CBO report on Obamacare, Elmendorf clarified the CBO's position during the hearing. The federal agency, Elmendorf said, had found Obamacare “spurs employment and would reduce unemployment over the next few years."
“When you boost demand for labor in this kind of economy, you actually reduce the unemployment rate, because those people who are looking for work can find more work," Rep. Chris Van Hollen (D-Md.) asked Elmendorf.
“Yes, that’s right,” Elmendorf responded.
"A number of new organizations wrongly interpreted the agency's report Wednesday as saying that Obamacare "killed" 2.5 million jobs. In reality, the agency found Obamacare could shrink the workforce by the equivalent of 2.5 million full-time workers over the next 10 years."
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Posted: 02/05/2014 5:30 pm EST Updated: 02/05/2014 5:59 pm EST
"President Obama's health care reform law isn't going to kill 2.5 million jobs, Congressional Budget Office director Douglas Elmendorf told the House Budget Committee on Wednesday.
"One day after multiple media outlets misinterpreted a CBO report on Obamacare, Elmendorf clarified the CBO's position during the hearing. The federal agency, Elmendorf said, had found Obamacare “spurs employment and would reduce unemployment over the next few years."
“When you boost demand for labor in this kind of economy, you actually reduce the unemployment rate, because those people who are looking for work can find more work," Rep. Chris Van Hollen (D-Md.) asked Elmendorf.
“Yes, that’s right,” Elmendorf responded.
"A number of new organizations wrongly interpreted the agency's report Wednesday as saying that Obamacare "killed" 2.5 million jobs. In reality, the agency found Obamacare could shrink the workforce by the equivalent of 2.5 million full-time workers over the next 10 years."
More>>
The CBO was wrong before and probably wrong now. And the ACA will not be in the present form in ten years. There will be improvements. And in a backdoor way this could motivate both sides of congress to work on our overpriced medical cartel. The law will adapt and so will business. And if a business boom hits then this will not make much difference at all, businesses will hire full time employees.