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Why the new CBO report on Obamacare is good news
LA Times ^ | 2-4-2014 | Michael Hiltzik

Posted on 02/05/2014 6:04:56 AM PST by Sir Napsalot

The Congressional Budget Office is out with its latest report on the Affordable Care Act, and here are a few bottom lines:

— The ACA is cheaper than it expected.

— It will "markedly increase" the number of Americans with health insurance.

— The risk-adjustment provisions, which Congressional Republicans want to overturn as a "bailout" of the insurance industry, will actually turn a profit to the U.S. Treasury.

Given all this, why are the first news headlines on the CBO report depicting it as calling Obamacare a job killer?

(snip) ..... it's important to examine what the CBO actually says about the ACA's impact on the labor market.

The CBO projects that the act will reduce the supply of labor, not the availability of jobs. There's a big difference. In fact, it suggests that aggregate demand for labor (that is, the number of jobs) will increase, not decrease; but that many workers or would-be workers will be prompted by the ACA to leave the labor force, many of them voluntarily.

(Excerpt) Read more at latimes.com ...


TOPICS: Culture/Society; News/Current Events
KEYWORDS: cbo; jobs; laborforce; obamacare; obs; unemployment
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"Funemployment" (SF Gate); "Free Agents" (Reid); and this!

The Left is totally committed to make the case Obamacare is good for America, and by Golie! YOU WILL LOVE IT TOO (OTHERWISE!)

1 posted on 02/05/2014 6:04:56 AM PST by Sir Napsalot
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To: Sir Napsalot

Did they legalize pot in LA?


2 posted on 02/05/2014 6:07:19 AM PST by FlingWingFlyer (ObamaCare. The "global warming" of healthcare plans.)
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To: Sir Napsalot

The talking points are out and they are selling it with everything they have. But there is no way in God’s green earth they’re going to make this smell any better than the load of steaming horsecrap it is.


3 posted on 02/05/2014 6:08:16 AM PST by Ronin (Dumb, dependent and Democrat is no way to go through life - Rep. L. Gohmert, Tex)
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To: Sir Napsalot

Liberal desperation. Socialism ALWAYS fails.


4 posted on 02/05/2014 6:08:42 AM PST by EagleUSA
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To: FlingWingFlyer

Legalize, Hell! To sell this, they are going to have to made pot consumption mandatory.


5 posted on 02/05/2014 6:08:51 AM PST by Ronin (Dumb, dependent and Democrat is no way to go through life - Rep. L. Gohmert, Tex)
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To: Sir Napsalot

The LA view of everything liberal...

6 posted on 02/05/2014 6:09:01 AM PST by maddog55
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To: Ronin

Laughable !


7 posted on 02/05/2014 6:09:02 AM PST by Eric in the Ozarks ("Say Not the Struggle Naught Availeth.")
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To: Sir Napsalot; miss marmelstein; governsleastgovernsbest
RE :”The CBO projects that the act will reduce the supply of labor, not the availability of jobs. There's a big difference. In fact, it suggests that aggregate demand for labor (that is, the number of jobs) will increase, not decrease; but that many workers or would-be workers will be prompted by the ACA to leave the labor force, many of them voluntarily.”

there ya go, from work to welfare.

as LA times and Obama admin says this is great news.

8 posted on 02/05/2014 6:09:17 AM PST by sickoflibs (Obama : 'Any path to US citizenship for illegals HERE is a special path to it ')
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Sorry, ALL!

Forgot the MEGA Barf alert.


9 posted on 02/05/2014 6:09:29 AM PST by Sir Napsalot (Pravda + Useful Idiots = CCCP; JournOList + Useful Idiots = DopeyChangey!)
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To: Sir Napsalot

I checked twice to make sure this wasn’t a satire piece! These people live in some bizarre alternate reality.


10 posted on 02/05/2014 6:10:58 AM PST by leapfrog0202 ("the American presidency is not supposed to be a journey of personal discovery" Sarah Palin)
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To: Sir Napsalot

Lazy Michael Hiltzik just transposed yesterday’s White House talking points into this sham of an article. His editors must be real proud of him.


11 posted on 02/05/2014 6:11:30 AM PST by Timber Rattler (Just say NO! to RINOS and the GOP-E)
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To: Sir Napsalot

Up is down.

Bad is good.

owebama is the smartest man who ever lived.

Libtards are delusional.


12 posted on 02/05/2014 6:11:38 AM PST by 43north (BHO: 50% black, 50% white, 100% RED.)
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To: Sir Napsalot

Let’s not forget that the CBO is still garbage-in garbage-out.

Congress presents the scenario and parameters that the CBO must use, e.g.:

How much energy will be generated after we pass a law mandating that 10,000 unicorns appear and start shooting 500 gigawatt rainbows out of their butts?
- Presume 95% compliance with the law.
- Presume 80% campture of released energy


13 posted on 02/05/2014 6:11:54 AM PST by SampleMan (Feral Humans are the refuse of socialism.)
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To: Ronin

LOL! You’re right. I don’t know where some of these low information types get their low information.


14 posted on 02/05/2014 6:11:56 AM PST by FlingWingFlyer (ObamaCare. The "global warming" of healthcare plans.)
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To: Sir Napsalot

It’s the liberal playbook. The midterms are coming. By summer, obamacare will be the greatest gift anyone has ever given the American people. Any shortcomings will be blamed on Republicans.

And the public will believe it.


15 posted on 02/05/2014 6:12:18 AM PST by brownsfan (Behold, the power of government cheese.)
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To: FlingWingFlyer

Pot is legal in North Korea, if that tells you anything. Have to keep the masses compliant and dumb somehow.


16 posted on 02/05/2014 6:12:26 AM PST by rarestia (It's time to water the Tree of Liberty.)
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To: Sir Napsalot
"Ignorance is knowledge"

"Weakness is strength"

Your favorite Orwellian quote here.

17 posted on 02/05/2014 6:13:19 AM PST by Hardastarboard (The question of our age is whether a majority of Americans can and will vote us all into slavery.)
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To: Sir Napsalot

Lord, and you wonder why California is such a mess with screwed up logic like that. No shock it came from the LA Times, the west coast anchor of the Democratic Party’s media conglomerate.


18 posted on 02/05/2014 6:13:50 AM PST by dowcaet
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To: maddog55

LOL! Wanna bet she don’t look like that today? In any case, now that the cbo (constant bs office)report is out, I’ve changed my mind and am encouraging everyone to sign up as soon as they possibly can. NOT!!!! Sadly, there’s lots of gullible folks who will buy this BS. “If you like my lies, you can keep my lies. Period.” Sometimes I just gotta grit my teeth.


19 posted on 02/05/2014 6:14:02 AM PST by rktman (Under my plan(scheme), the price of EVERYTHING will necessarily skyrocket! Period.)
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To: rarestia

Yup! The Soviets had their vodka. The people in this country are going to have their marijuana. It’s the only way to make communism work. Keep ‘em high!


20 posted on 02/05/2014 6:14:02 AM PST by FlingWingFlyer (ObamaCare. The "global warming" of healthcare plans.)
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