Viktor
Diamond Member
- Sep 21, 2013
- 5,848
- 6,600
Follow along with the video below to see how to install our site as a web app on your home screen.
Note: This feature may not be available in some browsers.
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:
CBO Confirms Families Will Save Money Under Health Reform. @ CBO Confirms Families Will Save Money Under Health Reform | The White House
CBO Update Shows Lower Costs for the New Health Care Law. @ CBO Update Shows Lower Costs for the New Health Care Law | The White House
CBO Confirms: The Health Care Law Reduces the Deficit. @ CBO Confirms: The Health Care Law Reduces the Deficit | The White House
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.
Every tax encourages or discourages some activity or other.
In this case what it has discouraged is work.
Why work and pay for your Obamacare when NOT working and letting government provide Medicaid for you will result in you having more discretionary income each payday?
And....it IS a tax. Supreme Court said so in doing the legal gymnastics necessary to keep it from being cast aside.
Every tax encourages or discourages some activity or other.
In this case what it has discouraged is work.
Why work and pay for your Obamacare when NOT working and letting government provide Medicaid for you will result in you having more discretionary income each payday?
And....it IS a tax. Supreme Court said so in doing the legal gymnastics necessary to keep it from being cast aside.
How much work do you turn down because of the income tax?