5 New Lies: Obamacare...

death2ducks

Here are 5 "New" devastating facts from the Congressional Budget Office about Obamacare in their "LATEST" analysis, (with the emphasis on "anal"). It’s so bad that there’s even a report section entitled, “How Much Will the ACA Reduce Employment in the Longer Term?”

thefederalist.com/2014/02/04/5-devastating-obamacare-facts-from-cbos-latest-economic-report/

[Deleted User]

The 2.5 million figure was false.

It didn't mean 2.5 million jobs, it meant work time.

Keeping you honest.

dnc

CollegeDoog said:

The 2.5 million figure was false.

It didn't mean 2.5 million jobs, it meant work time.

Keeping you honest.

This implies he was honest to begin with.

RaceBannon

Its 2 million jobs so it's cool.

[Deleted User]

Here's the language from the actual CBO report:

"The reduction in CBO's projections of hours worked represents a decline in the number of full-time-equivalent workers of about 2.0 million in 2017, rising to about 2.5 million in 2024."

and...this is what most media outlets missed:

"CBO estimates that the ACA will reduce the total number of hours worked, on net, by about 1.5 percent to 2.0 percent during the period from 2017 to 2024, almost entirely because workers will choose to supply less labor—given the new taxes and other incentives they will face and the financial benefits some will receive."

So no, it's not 2.5 million jobs. Workers, especially low wage, will choose to supply less labor, but the business demand for labor will stay the same.

RaceBannon

I wondered who would swallow the Obama spin. No surprise here.

Its great news


Really

death2ducks

Should a youtube of swallowing be inserted here?

Mods?

MikeDamone

So labor will be taxed to the point people will chose not to work. That's pretty cool. Sounds like the very simple idea that if the government wants to discourage something, the should tax it high enough so people won't do it/buy it. Labor falls into this category. Who knew?

topdawgnc

CollegeDoog said:

Here's the language from the actual CBO report:

"The reduction in CBO's projections of hours worked represents a decline in the number of full-time-equivalent workers of about 2.0 million in 2017, rising to about 2.5 million in 2024."

and...this is what most media outlets missed:

"CBO estimates that the ACA will reduce the total number of hours worked, on net, by about 1.5 percent to 2.0 percent during the period from 2017 to 2024, almost entirely because workers will choose to supply less labor—given the new taxes and other incentives they will face and the financial benefits some will receive."

So no, it's not 2.5 million jobs. Workers, especially low wage, will choose to supply less labor, but the business demand for labor will stay the same.

Praise Be To Allah.

Obama will see the promised land of taxing the fuck out of people to the point they no longer wish to work.

They will then be forced onto government programs to meet their bills!

The 1% will need to kick in more ...

2.5 million hours not worked ... that is 62,500 full time jobs ... vanished away from the workplace.

death2ducks

CollegeDoog said:

The 1% will need to kick in more ...

They probably don't teach John F. Kennedy, Dec 14, 1962, at Middlebury School for the Retarded.

youtube.com/watch?v=qmHdqWPB_S8

death2ducks

RaceBannon said:

Its 2 million jobs so it's cool.

Race, you don't understand... the costs and impacts on unemployment caused by Obamacare will NEVER be "adjusted upward".

If you "LIKE" your negative impacts of Obamacare, you can KEEP your negative impacts of Obamacare, PERIOD!