Posted on 02/05/2014 12:40:54 PM PST by nickcarraway
For years, the White House has trotted out the nonpartisan Congressional Budget Office to show that Obamacare would cut health-care costs and reduce deficits:
Live by the sword, die by the sword, the Bible tells us. In Washington, it’s slightly different: Live by the CBO, die by the CBO.
The congressional number-crunchers, perhaps the capital’s closest thing to a neutral referee, came out with a new report Tuesday, and it wasn’t pretty for Obamacare. The CBO predicted the law would have a “substantially larger” impact on the labor market than it had previously expected: The law would reduce the workforce in 2021 by the equivalent of 2.3 million full-time workers, well more than the 800,000 originally anticipated. This will inevitably be a drag on economic growth, as more people decide government handouts are more attractive than working more and paying higher taxes.
This is grim news for the White House and for Democrats on the ballot in November. This independent arbiter, long embraced by the White House, has validated a core complaint of the Affordable Care Act’s (ACA) critics: that it will discourage work and become an ungainly entitlement. Disputing Republicans’ charges is much easier than refuting the federal government’s official scorekeepers.
White House officials rushed to dispute the referee’s call — arguing, somewhat contradictorily, that the finding was both flawed and really good news if interpreted properly.
(Excerpt) Read more at washingtonpost.com ...
Even Milbank can’t go along with the WH spin.
Wait - this is Dana Milbank? Somebody take his temperature...
Of course, the report just has to be wrong. But, just in case it isn't, it's actually good news, not bad news.
Only a leftist moonbat would be willing to swallow that big a load of horse manure (and many of them will, with smiles on their faces).
Am i a bad person for not having believed them in the first place?
Don’t they ‘score’ a bill based in large part on what the bill’s sponsors tell them?
Good to see this coming from the Wa Po.
High coefficient of Bureaucratic Drag.
CBO is usually “conservative” in their estimates. IOW this disaster is going to be a whole lot worse
I wish people would stop saying “game-changer”. It reminds me too much of Obama’s campaign for the 2008 election.
Good news - like the good news that there are 9 million less on the rolls, which allows the Obama Reich to claim 7% unemployment when it’s closer to 11%.
The second wave will result in those Senate Democrats up for re-election this year bolting to vote for repeal.
I’ve got five more years to get my youngest through college, then I might just “retire” early. I’m tired of working my butt off to see the “poor” enjoy the same standard of living I have to work for. I won’t be dependent on the government though as I have a 22 acre self sufficient, off-grid property (well, septic, wood heat, garden, livestock). I figure I can work a 15 hour per week job to qualify as “poor’ and then get all the government benefits, but the job will just be for a little extra spending money for staples I can’t provide myself. I should have some surplus (produce, eggs, wood, crafts) for a little off books sales/trading so I may end up better off than continuing to work full time. That’s the Obama economy.
Yes, you are, because it was only racism that led you to not believe them then... and now, for that matter.
Every Democrat running for the House or Senate this year and in ‘16 who thinks it is a great boon to workers to be unemployed should be fired by the voters. Then these unemployed officials can spend more time with their families.
I just don't understand this. How can you eat and keep a roof over your head if you're able bodies but don't work?
Nonpartisan is a misnomer.
A calculator is nonpartisan, but if I create fantasy numbers to input into it, you can’t claim that the answer provided has been laundered clean of bias.
The Demolshoviks gave the CBO total crap assumptions to work with. The only remarkable thing here is that the output still looks like crap.
Imagine how bad it really is.
Not bad. Just racist /s
They (as in the enemy) cite the CBO all the time. So how, now, can they dispute it with out being hypocrites?
Oh, yeah. That word does not apply to “them”.
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