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CBO: 2.3 million jobs will be lost due to Obamacare

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Posted

I think the 1st paragraph says it all ..... More people will choose to work less, I think to say 2.3 million jobs would be "lost" isn't accurate. Obviously you will have some smaller companies that choose to have fewer full time employees but I think the article is trying to blame Obamacare for people electing to work less because of their new healthcare.

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Posted

I think the 1st paragraph says it all ..... More people will choose to work less, I think to say 2.3 million jobs would be "lost" isn't accurate. Obviously you will have some smaller companies that choose to have fewer full time employees but I think the article is trying to blame Obamacare for people electing to work less because of their new healthcare.

 

No you're right....CBS has always had a conservative agenda. I think they're definitely out to make Obama look bad. Dam Republican media. I'm glad you're able to find a way to spin 2.5 million fewer jobs into a positive. Carney? Is that you?

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Posted

No you're right....CBS has always had a conservative agenda. I think they're definitely out to make Obama look bad. Dam Republican media. I'm glad you're able to find a way to spin 2.5 million fewer jobs into a positive. Carney? Is that you?

 

I'm surprised you're putting so much faith into the CBO now, Coog.

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Posted

I'm surprised you're putting so much faith into the CBO now, Coog.

 

When have I bashed the CBO?

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Posted

When have I bashed the CBO?

 

Oh, I don't know of a specific occasion.  I just figured with your political leanings, the CBO would have no pull with you. 

 

Mostly just a silly comment!

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Posted

Not to defend the law, because I'm not a fan, but it does say the workforce will decline and not that jobs will be lost.  And nobody should defend the CBO.  In fact there should be a logical fallacy called Appeal to CBO or some such. 

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Posted

Not to defend the law, because I'm not a fan, but it does say the workforce will decline and not that jobs will be lost.  And nobody should defend the CBO.  In fact there should be a logical fallacy called Appeal to CBO or some such. 

But it cranks out so much stuff you can use it to argue whatever and your source sounds kinda official!

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Posted

No you're right....CBS has always had a conservative agenda. I think they're definitely out to make Obama look bad. Dam Republican media. I'm glad you're able to find a way to spin 2.5 million fewer jobs into a positive. Carney? Is that you?

 

I'm only pointing out what the article stated in that the decline would be in large due to those choosing to work less or retire early because they now can.

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Posted

I'm only pointing out what the article stated in that the decline would be in large due to those choosing to work less or retire early because they now can.

 

Shifting costs from employers to the federal government.

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Posted

But so many more uninsured will now have medical insurance!

A worthwhile trade-off.  :rolleyes:

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Posted

Shifting costs from employers to the federal government.

yep. Federal subsidies are worth more than working those extra hours

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Posted

The problem is on both sides. Our medical $ystem is full of corruption, and there are those that are too freakin' lazy to work. Cheaters on both sides! 

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Posted

Not to defend the law, because I'm not a fan, but it does say the workforce will decline and not that jobs will be lost.  And nobody should defend the CBO.  In fact there should be a logical fallacy called Appeal to CBO or some such. 

 

Yea, I want to know this... Are we talking about potential emplyees dropping out of the workforce, or jobs being lost?  The workforce one makes sense, because how many people will just stop looking for stable work now that they have government health care since benefits are often a huge incentive to get a real job? And if that's the case, then it's going to be reflected in unemployment by continuing to lower the numbers which the democrats will use to say the law is just dandy.

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Posted

But it cranks out so much stuff you can use it to argue whatever and your source sounds kinda official!

 

And its non-partisan!  No slam on the good people there as they're only allowed to analyze a scenario within whatever narrow parameters and using whatever assumptions the requesting party gives them.  Garbage in, garbage out. 

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Posted

Yea, I want to know this... Are we talking about potential emplyees dropping out of the workforce, or jobs being lost?  The workforce one makes sense, because how many people will just stop looking for stable work now that they have government health care since benefits are often a huge incentive to get a real job? And if that's the case, then it's going to be reflected in unemployment by continuing to lower the numbers which the democrats will use to say the law is just dandy.

If you skim the part where they talk about this (and I'm not encouraging anyone to do so, because it's dull as dirt) they do say there will probably be some job losses due to the law.  I didn't see them put a number to that anywhere. 

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Posted

Yea, I want to know this... Are we talking about potential emplyees dropping out of the workforce, or jobs being lost?  The workforce one makes sense, because how many people will just stop looking for stable work now that they have government health care since benefits are often a huge incentive to get a real job? And if that's the case, then it's going to be reflected in unemployment by continuing to lower the numbers which the democrats will use to say the law is just dandy.

My understanding is that the job "loss" will primarily come from people working less, not necessarily completely dropping out of the workforce. They will look to stay under the "4X poverty" level so as to maximize their subsidy. Begs the question, wouldn't this mean that there would be the equivalent of 2.3 million new job openings? Companies will have to cover at least some of the lost hours.

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Posted

My understanding is that the job "loss" will primarily come from people working less, not necessarily completely dropping out of the workforce. They will look to stay under the "4X poverty" level so as to maximize their subsidy. Begs the question, wouldn't this mean that there would be the equivalent of 2.3 million new job openings? Companies will have to cover at least some of the lost hours.

 

Younger workers would rather pay the penalty than participate in either the employer's or exchange's insurance.

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Posted

I think the 1st paragraph says it all ..... More people will choose to work less, I think to say 2.3 million jobs would be "lost" isn't accurate. Obviously you will have some smaller companies that choose to have fewer full time employees but I think the article is trying to blame Obamacare for people electing to work less because of their new healthcare.

I'm not a guy who wants 70 year old people to have to work, but taking more people out of the taxpaying pool isn't a good thing. 

The Baby Boomers have saddled us with unsustainable debt and entitlements, and if 2.3 million people leave the workforce, then the rest of us have to make those entitlements up.

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Posted

Damn.....Obamacare & American Collectivism rolled into one....  guiding us to a lower standard of living.....

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Posted

I'm only pointing out what the article stated in that the decline would be in large due to those choosing to work less or retire early because they now can.

 

I was more referencing the part where you said "...the article is trying to blame ObamaCare", as if CBS had an agenda against him and wasn't painting an accurate picture.

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Posted

The second paragraph is the most telling, imo.

 

"Republicans, already intent on making the controversial health care law a 2014 campaign issue, seized on the new data from the Congressional Budget Office (CBO) to argue the law is hurting the economy."

 

Is it any surprise the OP jumped on this?

 

:rolleyes:

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Posted

Not getting better for the libs......

 

The head of the nonpartisan Congressional Budget Office delivered a damning assessment Wednesday of the Affordable Care Act, telling lawmakers that ObamaCare creates a "disincentive for people to work,"

 

Good for Obama....now he'll be know as the President that during a recession, passed a huge legislative piece that created a "disincentive for people to work". SMH

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Posted

Yeah, it's so much better that the elderly have to continue working to afford the high cost of their medicine. 

 

I can picture you at your local Denny's.  "Hurry up and serve me, Grandma!  I don't give a rat's azz about your medical conditions!"

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Posted

Yeah, it's so much better that the elderly have to continue working to afford the high cost of their medicine. 

 

I can picture you at your local Denny's.  "Hurry up and serve me, Grandma!  I don't give a rat's azz about your medical conditions!"

 

Boise Fan....spot on as usual. That's a great point....I hadn't realized that until ObamaCare went into effect this year, the elderly had no access to medicine or health care. Good thing this passed.....I always wondered why the elderly still worked at strip clubs and served my food at McDonald's. Too bad we had absolutely nothing in place to help elderly before ObamaCare. If there were such a program though, I'd suggest the name Medicare...has a nice ring to it don't you think. While we're pretending...let's pretend ObamaCare actually didn't make cuts to Medicare.

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