The latest Congressional Budget Office (CBO) analysis of Obamacare and our economy is out, and the news is all bad. At least, for most people the news is all bad – but the White House isn’t most people. The Obama administration lives by the old saying, “When life give you lemons – just pretend that instead it gave you money.” Okay. Maybe that’s not an old saying, but that is what the Obama administration does. They get bad news and simply pretend that it’s actually really, really good news.
This latest CBO says that Obamacare will shrink our labor force by 2.5 million full-time workers. That will have a HUGE impact on our economy and on the economic health of our nation.
But don’t you worry because White House Press Secretary Jay Carney is here to tell you that this is a GOOD thing! Seriously – I kid you not.
Over the longer run, CBO finds that because of this law, individuals will be empowered to make choices about their own lives and livelihoods, like retiring on time rather than working into their elderly years or choosing to spend more time with their families. At the beginning of this year, we noted that as part of this new day in health care, Americans would no longer be trapped in a job just to provide coverage for their families, and would have the opportunity to pursue their dreams.
Yeah, quite possibly the most ignorant thing that anyone has ever said…
Two and a half million people losing their jobs will allow them to pursue their dreams. Except they won’t be making money anymore, so they’ll be living on welfare forcing everyone else to pay for these dreams. Which will mean higher taxes, so workers won’t be saving as much, which will make it harder for some of us to live our dreams later.
Insane. Our leaders are literally insane. Losing your job is a good thing? It seems like the White House must believe that most of us work because our employer forces us too. Insane.
The CBO Director gives it to us a little more honestly though (by accident).
CBO Director Douglas Elmendorf said of Obamacare, “[T]he act creates a disincentive for people to work. B]y providing heavily subsidized health insurance to people with very low income and then withdrawing those subsidies as income rises, the act creates a disincentive for people to work—relative to what would have been the case in the absence of that act.”
Representative Paul Ryan (R-WI) incredulously responded, “I guess I understand the ‘better off’ in the context of health care. But better off in inducing the person not to work who’s on the low-income scale, not to get on the ladder of life, to begin working, getting the dignity of work, getting more opportunities, [raising] their income, joining the middle class, this means fewer people will do that. That’s why I am troubled by this.”
This wouldn’t have surprised Rep. Ryan if he had watched the President tell Bill O’Reilly that the welfare state hasn’t expanded.
What a ridiculous mess. Is it 2016 yet?