Rand Paul: When Will Obama Start Caring?
Just when you thought Obamacare couldn’t get any worse, the Congressional Budget Office (CBO) reported on Tuesday that the equivalent of 2.5 million jobs will be lost due to Obamacare.
We can’t afford to lose any more jobs.
These numbers are calculated according to how many work hours the CBO estimates will be lost in the coming decade. Reuters reports, “In its latest U.S. fiscal outlook, the nonpartisan CBO said the health law would lead some workers, particularly those with lower incomes, to limit their hours to avoid losing federal subsidies that Obamacare provides to help pay for health insurance and other healthcare costs.”
Reuters continues, “Work hours would be reduced by the equivalent of 2.5 million jobs in 2024, said the agency, which earlier predicted 800,000 fewer full-time jobs by 2021. The bottom line would be a slower rate of growth for employment and compensation in the coming decade, according to the report.”
This is yet another example of the damage Obamacare has continued to inflict since its implementation.
Healthcare premiums have increased for millions. Couple this with high unemployment and it doesn’t look good for those already struggling in this bad economy.
Perhaps the most frustrating aspect of this debacle is that critics knew that both employees and employers would have to adjust their hours and hiring practices in order to navigate the pitfalls of this new law. Just like when the President promised, “If you like your plan you can keep it,” those in the Administration who promised that Obamacare wouldn’t negatively impact the job market couldn’t have been more wrong.
This week’s CBO report proves it.
Some workers will be forced to work fewer hours and will receive less pay, as both employers and employees attempt to avoid parts of the law that impact them negatively. The new report states, “CBO estimates that the ACA will reduce the total number of hours worked, on net… 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.”
The incentives under Obamacare are for both employers and employees to seek government-sponsored benefits as opposed to work. The way our current system is structured, it will be in their best personal interest for them to do so.
White House Press Secretary Jay Carney responded to the lost jobs in this week’s report by saying, “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. This CBO report bears that out, and the Republican plan to repeal the ACA would strip those hard-working Americans of that opportunity.”
Americans dream of having jobs that give them enough hours to take care of their families, including providing for their healthcare. Obamacare puts a significant dent in that dream, and Mr. Carney should be ashamed of himself for trying to pretend this disastrous policy is somehow a “choice” for workers.
READ THE REST OF THE ARTICLE HERE:
http://www.breitbart.com/Big-Government/2014/02/07/rand-paul-obamacare-cbo
AWD
You come up with the best anti-Oreo pics.
LOVE the skunk!
Even punxsutawney phil hates Obama
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If they’re admitting 2.5 million jobs could be lost the ACTUAL amount will probably be ten times more.
Obama, “liberating” people from having a job one sucker at a time….
WaPo Praises The Joy Of Being “Untethered” And “Unleashed” From A Job, The “Freeedom” Of Unemployment
Submitted by Tyler Durden on 02/09/2014
Now that the full court press to refute the findings of the CBO report which, as we reported, confirmed what was largely known – that as a result of Obamacare, the strapped US economy will have even fewer workers as millions will fall back on welfare state entitlements which make hard work obsolete – has failed, it is time for the propaganda to take a different track: one where not having a job, and in fact losing it due to Obamacare, is hailed as an act of nobility. Sure enough, here comes one of the administration’s favorites, the Bezos Times, with “They quit their jobs, thanks to health-care law” which does largely as its name suggests: highlights just how “enabling” and “liberating” Obamacare is for one’s life, once a person is no longer burdened by something as trivial as a job.
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How many of y’all have come up close and personal with a skunk so as to truly know what skunk spray smells like?
Well, I have, on many occasions. I have never been sprayed, but I have had a lot of dogs sprayed. I have had them in my traps still kicking when I arrived, and knew enough to pop them off at a distance and come back later to get the traps, after the stench dissipated some.
Two true stories about skunks:
1) My dad went to school where the school only had outhouses. One day a skunk got into the girl’s outhouse, and the local lady’s boy volunteered to go in and get it out. My dad and a friend held the door shut on him, while a rope was found. They roped the kid in the outhouse with the skunk until a teacher freed him. apparently the kid did not return to school for a great many days, the skunk stench was so bad.
2) At my first day or two at college ( pretty rural setting), not long after dark, i was walking along and saw a couple of guys reach down to pet a cat. Nice kitty they said. Skunk! says I as I beat feet. They were too late. Hahahahahahaha! City folk really can be dense sometimes. That is a lesson I suspect they will never forget.
Them:
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Me:
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GOODWIN: ‘America now has a government that views work as a trap’…
My, oh, my, how times have changed. America now has a government that views work as a trap and celebrates those who escape it.
That is the upshot of last week’s remarkable exchange over ObamaCare. It began when the head of the nonpartisan Congressional Budget Office reported that the interplay of taxes and subsidies in the law “creates a disincentive for people to work.” The report predicted the mix would lead to fewer hours worked, costing the equivalent of nearly 2.5 million jobs.
In response, President Obama’s spokesman pleaded guilty — with pride and pleasure.
“Opportunity created by affordable, quality health insurance allows families in America to make a decision about how they will work, or if they will work,” Jay Carney said. Harry Reid and Nancy Pelosi applauded the law for freeing people from “job-lock.”
They never mentioned the implications of this distinctly Obama-ish New Deal. The subsidies that enable some Americans to decide “if they will work” mean higher taxes from those who must or want to work.
Republicans immediately jumped on the finding as proof that the law is a jobs killer and cited earlier discoveries about its destructive impact. These include Obama’s lie that “you can keep your plan” and the fact that many new insurance plans come with higher premiums and deductibles and fewer doctors.
Pay more, get less will be the experience for tens of millions by the time the law is fully implemented. And don’t forget its assault on religious freedom.
All true and yet, as Carney’s defense showed, something much, much larger is at play. The impacts are symptoms. The disease is that leading Democrats view fewer workers and more dependency as a good thing. That attitude largely explains slow economic growth, record-low labor rates and the explosion of handouts over the last five years.
This anti-job, pro-dependency tilt is the crux of the nation’s polarization. In essence, it pits those who believe in the sanctity of work against those who believe in penalizing wealth and redistributing its fruits.
Companies reducing hours so they don’t have to provide insurance so Oblahblah insurance will pick up the tab.
No one saw that coming,right?
Low-Wage Hours At New Low As Obamacare Fines Loom
Submitted by Tyler Durden on 02/09/2014 – 19:56
Low-wage workers clocked the shortest workweek on record in December – even shorter than at the depth of the recession, new Labor Department data showed Friday. The figures underscore concerns about the Obamacare employer insurance mandate’s impact on the work hours and incomes of low-wage earners. Still, as Krugman told Colbert recently, he’s “ok with a little bit of wealth redstribution from people who have been lucky to people who are unlucky.”
Nobody has been able to destroy as many jobs as Obama. Obamacare killing 2.5 million jobs is just the beginning of the misery. But, not misery for the democrats, who use other people’s money to get them dependent on the government. Where do I sign up to quit paying money into this system?
About Those 2.9 Million Jobs Lost In January…
Submitted by Tyler Durden on 02/09/2014 – 20:40
Much has been said about the January Non-farm payrolls number, which rose by 113K on expectations of a 180K increase, most of which has been focused on the US atmospheric conditions during the winter. There is a problem with those numbers: they don’t really exist (as for the non-impact of “the weather” on jobs we showed previously that the number of people “not at work due to weather” as calculated by the BLS itself. this winter was lower than 2008, 2009, 2010, 2011 and 2012 – so much for historic winter weather). So what really happened in January? For the real answer we have to go to the BLS’ non-seasonally adjusted data series. It is here that we find that in January, some 2.870 million real, actual jobs were lost, not gained. Putting this further in perspective, the number of NSA jobs losses in January 2014 was greater than in January of 2013, 2012, 2011 and tied that of 2010. In fact only during the peak of the depression in January 2009 was there a greater NSA drop in the first month of the year when 3.691 million jobs were lost.
CBO is famous for being wrong. Usually they paint as rosy a picture as they can . Remember all the phony lieing crap they put out to get Obamacare passed. I don`t believe anything those clowns i Washington say.