<<<<< 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.)
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.
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.
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<<<<< 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.
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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.
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