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, its slightly different: Live by the CBO, die by the CBO.
The congressional number-crunchers, perhaps the capitals closest thing to a neutral referee, came out with a new report Tuesday, and it wasnt 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 Acts (ACA) critics: that it will discourage work and become an ungainly entitlement. Disputing Republicans charges is much easier than refuting the federal governments official scorekeepers.
White House officials rushed to dispute the referees call arguing, somewhat contradictorily, that the finding was both flawed and really good news if interpreted properly.
(Excerpt) Read more at washingtonpost.com ...
There are approximately 185 million employable people in our population, if 92 million have left the workforce wouldn't the unemployment rate be more like 50%?
It’s amazing to have a reasonably honest article from Dana Milbank...but notice how he subtly suggests that Fox News is one of the administration’s “Republican critics.”
It certainly appears to be a smoke-and-mirrors Administration.
And none of them realize that once the government has them all under the thumb of "free stuff", the funding will dry up and the "free stuff" will be severely cut/rationed.
Folks on the taxpayer teat will eventually be cut to a status of subsistence - where they should be now in order to encourage work - and they are following the line to the cliff.
That's the difference between a conservative and a commie leftists: AS conservative wants to be "stingy" with other folks money to make work and bettering oneself be the best option so all have a chance to prosper and make the governm,ent's role a small one. A commie leftist wants to be generous with other folks money for now to get people hooked, then force everyone into poverty so the government can rule with an iron fist.
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