Yesterday we heard about the new Congressional Budget Office calculations regarding Obamacare. There was a lot of talk and ink spilled over their statements. I haven’t yet heard anyone point out what I think is the most horrific news from the CBO. Perhaps someone has and I missed it.
The CBO is whitewashing Obamacare. Some news reports claim the report is even-handed and gives pros and cons (Drudge linked CNBC for such a report). Many conservatives are saying that the report admits Obamacare will reduce the number of jobs.
In fact, it says something far worse.
On the lost jobs, the CBO simply denies the evidence exists. No full-time jobs are being lost and no workers are being moved to part time in the CBO’s delusional world.
But what about the CNBC headline, “CBO nearly triples estimate of working hours lost by 2021 due to Affordable Care Act”? Here is how an Obamacare defender describes what the CBO says:
The CBO projects that the act will reduce the supply of labor, not the availability of jobs. There’s a big difference. In fact, it suggests that aggregate demand for labor (that is, the number of jobs) will increase, not decrease; but that many workers or would-be workers will be prompted by the ACA to leave the labor force, many of them voluntarily.
Back to the CNBC story, ignore the print and listen to John Howard’s commentary on the video.
The CBO is saying that people will intentionally keeps their hours low because “Obamacare subsidies phase out as workers make more money, giving workers less incentive to keep working.”
So the reason why Obamacare will “cause a larger-than-expected reduction in working hours—eliminating the equivalent of about 2.3 million workers in 2021,” is not because employers will cut jobs or hours (so the CBO claims). Rather, “the equivalent of about 2.3 million workers” in 2021 will decide they prefer getting subsidized insurance rather than earn more money and pay unsubsidized prices for their health insurance.
The CBO is telling us that Obamacare has succeeded as far as Liberals are concerned. It is going to get millions more people to deliberately reduce their working hours in going to get “free” benefits from the government.
And yet we’re supposed to believe that Obamacare is helping the economy.
The situation is insane. Obama or his controllers—whoever designed the law—have deliberately impoverished Americans in order to get them to work less and let the government plan take care of their most basic needs. It has artificially arranged costs and benefits to get people to choose not to work—to make not working look more attractive than working.
What is the endgame? Do they think our nation can increase our debt forever?