Why is this important? Because at what point in time do people get fed up being lied to? http://nbcpolitics.nbcnews.com/_new...h-estimates-of-job-loss?lite&ocid=msnhp&pos=1 The non-partisan Congressional Budget Office gave new fuel to the debate over the Affordable Care Act Tuesday with its estimate that the law will lead to the eventual loss of about 2.5 million full-time jobs.
I love that a website called "Talking Points Memo" is putting out Obama's talking points defending his shitty legislation.
hahahaaahaaa just wait for the required enforcement on businesses, that has been put off for the mid term elections, too come home to roost. They know that will have a negative effect as well..regardless of how they want to spin it, their actions speak more clearly than their words.
As long as Obama is President it isn't going to be scrapped. He wants single-payer, even though his own government can't even manage a lemonade stand in Chicago during a hot spell. Of course, when that lemonade fan fails because of high heat, he'd wasn't aware of the lemonade stand. Obama has been changing the ObamaCare law by moving deadlines and granting waivers over the last 3 years. He wouldn't be doing this if he actually thought this plan would work. He's doing so hoping that private insurers fail, and that the only option left is a complete government takeover of the healthcare system. Hello...
You are right, but the CBO is not counting the 2.5M jobs' worth of hours as a good thing. The talking points don't make much sense. CBO says the deficit will be only $514B. Democrats claim thanks to good policies by Obama. Democrats also claim republicans obstructed his agenda. So the truth seems to be blocking his agenda has led to lower deficits.
Many people who now pay for health insurance, or for health emergencies, will pay less with Obamacare. This will let them work 2% fewer hours, which is 2.5 million full-time-equivalent jobs. Those hours will be grabbed by the current unemployed and underemployed. This great news has been twisted around by Republican ideologues. According to Huffington Post, Politico refuses to report this side of the story.
Short articles explaining it. http://www.washingtonpost.com/blogs...d-not-say-obamacare-will-kill-2-million-jobs/ http://www.washingtonpost.com/polit...ry.html?algtrack=mixedrecfill-2&tid=btm_rex_2
Blazer Prophet, I'm curious. Did you read the report? Or are you just quoting what you say/heard? Because the report says a lot of things, but not that. I don't like this health care law. But I have a fondness for facts and it seems mention the ACA or anything remotely related to Obama and "some" people enter The Fact Free Zone.
From the article in the OP: CBO director Douglas Elmendorf told reporters that the analysis done by his agency’s experts “led us to conclude that the effect of the Affordable Care Act on labor supply would be a good deal larger than we had thought originally.” In 2011, the CBO estimated the loss of full-time equivalent jobs due to the law would be about 800,000. Elmendorf also told reporters that the employer mandate – the requirement that firms offer health insurance to workers– “will reduce the demand for labor in the short term because employers face this extra cost. It is analogous in some ways to raising the minimum wage.” The CBO report said that “workers will choose to supply less labor—given the new taxes and other incentives they will face and the financial benefits some will receive.”
Also from the article, and which jlprk's "fact" checking article said is true: Both sides of the Obamacare debate used the new findings to buttress their arguments, with House Speaker John Boehner saying that Republicans had argued for years that “the president's health care law creates uncertainty for small businesses, hurts take-home pay, and makes it harder to invest in new workers. The middle class is getting squeezed in this economy, and this CBO report confirms that Obamacare is making it worse.”
There are two rules in economics upon which all economists agree: 1) there's no such thing as a free lunch, and 2) incentives matter. This development in Obamacare hits them both. People are being incentivized to work less. That means lower output, which means less wealth. Less wealth means fewer tax dollars to fund this program and less money in the economy in general. Second, those that claim health care will be "cheaper" really mean to say, "someone else will pick up the tab". Those people who pick up the tab will have less to invest--meaning fewer jobs and less innovation--and less to spend, which means less consumer demand. This program is a wealth transfer and a disincentive to work. It puts yet another layer of bureaucracy between doctor and patient, which raises costs and limits choice. And the proof in the pudding for how much this law sucks? The people who wrote it and supported it most vociferously have exempted themselves from and/or have been given loopholes to not be held to it. At this point, those who still support this law deserve what they get.
My work just got the notice we have to go on new plans. Fuckers. I know boss is going to go to something stupid now. I liked my plan, i wanted to keep it. They'll use it as an excuse to reduce coverage and increase my out of pocket now
A lot of people are going to be hurt over the next few years as politics is put before health. I hope you stay healthy, EP, because your new policy won't be as good as your old one.
Like I said they already tried putting me on an HSA account but I fought that, now I pretty much know they are going to fuck me over as a direct result of obamacare
You will accept govt. health care, dammit. And you'll love it. They have the NSA spying on you to assure you're only saying happy things, and the IRS to hound you into submission.
