No jobs, no wealth redistribution. No redistribution, no Utopia. No Utopia, no more Democrat/Socialist party.

<<<<< whether voluntary or not,  the labor force will continue to register RECORD lows for as far as we can see.  Under Bush,  66% of available labor was working.  Today,  that is down more than 10 million to 63.5% with no end to this downward spiral.  Socialists need a labor force to make their Utopian schemes work - or there can be no wealth redistribution.  (This chart is found on page one of the current CBO report.) 


Its not that ObamaCare will cause job loss (it will do that, of course), but,  for the sake of the current report,  here is the problem:  ObamaCare subsidies is an incentive for people to quit their jobs.   

A day or so of careful reading and cogitation by the media has begun to turn the tide on what had  been the Congressional Budget Office's most widely misunderstood finding about the Affordable Care Act.

It is now recognized that, no, the CBO didn't say that Obamacare would lead to job losses, but instead that it would allow many workers to voluntarily leave their jobs or retire without giving up health coverage.

Even House Budget Committee Chairman Paul Ryan (R-Wis.) felt the need to get things straight at his hearing Wednesday on the CBO report. "Just to understand," he queried CBO Director Doug Elmendorf, "it's not that employers are laying people off?"

"That's right," Elmendorf replied.

But it's now becoming plain that the CBO finding creates a problem for Republican critics of the healthcare law. That's because relieving millions of Americans of "job-lock," which is what the CBO is talking about, is something the GOP has favored for years. In fact, it was a selling point of healthcare proposals they put on the table prior to 2010, when they decided to abandon the field of healthcare reform  . . .  from the LA Times.
______________________________________________________________________________


<<<<< whether voluntary or not,  the labor force will continue to register RECORD lows for as far as we can see.  Under Bush,  66% of available labor was working.  Today,  that is down more than 10 million to 63.5% with no end to this downward spiral.  Socialists need a labor force to make their Utopian schemes work - or there can be no wealth redistribution.  
______________________
Editor's notes:  Of course,  the CBO never refers to "job lock," nor does this report view the stated job loss as a positive event.  In fact,  it is a troublesome negative that will reduce tax collections and increase dependency on the Federal Government.  Again,  the CBO Director has made the point that subsidies create a disincentive to work.  

(CNSNews.com) - The subsidies that help low-income people buy expensive health insurance are a 'disincentive for people to work," Douglas Elmendorf, director of the Congressional Budget Office, told Congress on Wednesday.

"What the Affordable Care Act does, is to provide subsidies focused on lower- and lower-middle-income people to buy health insurance. And in order to encourage a sufficient number of people to buy an expensive product like health  insurance, the subsidies are fairly large in dollar terms. Those subsidies are then withdrawn over time -- withdrawn from people as their income rises. . . .   from found at CNS News.  

No comments:

Post a Comment