Smile! You’ve Got Socialized Healthcare!

B

BaalsTears

Senate Member
Jan 25, 2011
5,732
0
36
Santa Cruz, California
gopher said:
Hee, hee - you jumped the gun sucker: it's the precise opposite:


CBO director: Obamacare will reduce unemployment


CBO director: Obamacare will REDUCE unemployment




As noted here yesterday, Republicans went mad with glee at the new Congressional Budget Office report on deficits and the Affordable Care Act, with multiple GOP officials claiming it showed the law will kill over two million jobs. That was false.


Under questioning today before the House Budget Committee from Dem Rep. Chris Van Hollen, CBO director Douglas Elmendorf confirmed that in reality, his report suggests Obamacare will reduce unemployment:


The CBO report found that Obamacare — through subsidizing health coverage – would reduce the amount of hours workers choose to work, to the equivalent of 2.5 million full-time workers over 10 years. This was widely spun by Republicans as a loss of 2.5 million jobs.
To counter this, Van Hollen cited the report’s findings on Obamacare’s impact on labor demand, rather than supply. On page 124, the report estimates that the ACA will “boost overall demand for goods and services over the next few years because the people who will benefit from the expansion of Medicaid and from access to the exchange subsidies are predominantly in lower-income households and thus are likely to spend a considerable fraction of their additional resources on goods and services.” This, the report says, “will in turn boost demand for labor over the next few years.”


“When you boost demand for labor in this kind of economy, you actually reduce the unemployment rate, because those people who are looking for work can find more work, right?” Van Hollen asked Elmendorf.
“Yes, that’s right,” Elmendorf said.


Elmendorf added that the factor Van Hollen had identified was something CBO thinks “spurs employment and would reduce unemployment over the next few years.”
So there it is: The CBO report found the opposite of what some foes of the law claimed.
Now, it’s true that elsewhere in his testimony — when questioned by Paul Ryan — Elmendorf confirmed that the subsidies from Obamacare would reduce the incentive to work, and that this would reduce economic growth. But as Brian Beutler explains well, for many people this incentive to work is not even necessarily a good thing, because it flows from “job lock,” i.e., they are tied to their jobs in order to have health care.
As Jonathan Cohn points out, conservatives might have a principled policy disagreement with that point, arguing that some people will have bad reasons for working less (they don’t want to work more), but even if they do, a similar impact is felt from any policy offering financial assistance that’s conditioned on income level — even conservative health reform ideas.
Wherever you come down on that debate, conservatives making that case are at least remaining within the parameters of what the CBO report actually said. The claim by GOP officials that Obamacare will snuff out over two million jobs does not fall within the parameters of what the CBO report actually said.
What this really comes down to is that Republicans mischaracterized the report’s findings because they don’t want to let go of their “Obamacare is a job killer” talking point. After all, it’s much harder politically to argue that helping poor people get health coverage is a bad idea because it reduces their incentive to work than it is to argue that Big Bad Government Regulations (in the form of unpopular Obamacare) are killing millions of jobs, driving up unemployment, and strangling the recovery.
But the CBO report just doesn’t support that latter claim, and the director of the CBO himself has now confirmed it.









In your haste to attack Obama you fell for the right wing bullshtt that turned out to be wrong yet again.












More lives and money saved - sad news for the drugged up and delusional right wingers but good news for all else.


Thank you President Obama.
Click to expand...

You're side is lying again. It's what you people do.
 
EagleSmack

EagleSmack

Hall of Fame Member
Feb 16, 2005
44,168
96
48
USA
BaalsTears said:
You're side is lying again. It's what you people do.
Click to expand...

Of course they are. The report has been released and that is that.

In other news... Yes you're covered... you just can't get health care.

Obamacare enrollees hit snags at doctor's offices - latimes.com

captain morgan said:
That is some uber-twisted logic goph.... People will be 'healthier' because of ACA and consequently will buy more goods and services?

... They will need jobs first to earn the money, unless you are pushing for more cash stipends to the 50%+ that presently don't pay Fed income taxes
Click to expand...

Very uber!

CBO Director: Obamacare ‘Creates a Disincentive for People to Work’ | The Weekly Standard

"Testifying before the House Budget Committee yesterday, Congressional Budget Office director Douglas Elmendorf said of Obamacare, “[T]he act creates a disincentive for people to work.” He declared, “y providing heavily subsidized health insurance to people with very low income and then withdrawing those subsidies as income rises, the act creates a disincentive for people to work—relative to what would have been the case in the absence of that act.”

What a disaster.
 
gopher

gopher

Hall of Fame Member
Jun 26, 2005
21,513
66
48
Minnesota: Gopher State
''disaster" - lol:




The GOP Has It Wrong: Obamacare Won't 'Cost' 2 Million Jobs

Source: talkingpointsmemo.com

Republicans thought they found a gold mine when the Congressional Budget Office released its latest report Tuesday on the federal budget and Obamacare. They seized on one line in particular:

The reduction in CBO’s projections of hours worked represents a decline in the number of full-time-equivalent workers of about 2.0 million in 2017, rising to about 2.5 million in 2024
They had a new talking point: President Obama's hated health care reform law would cost more than 2 million American jobs.

"Obamacare To Print Even More Pink Slips," read the subject of the Senate Republican conference email blasted out after the report's release.
<snip>

The CBO report, in fact, specifically undermines that claim. Those lost hours will "almost entirely" be the result of people choosing to work fewer hours because of Obamacare -- not because they lost their jobs or can't find a full-time job.

Read more: The GOP Has It Wrong: Obamacare Won't 'Cost' 2 Million Jobs
 
captain morgan

captain morgan

Hall of Fame Member
Mar 28, 2009
28,429
148
63
A Mouse Once Bit My Sister
BaalsTears said:
So will the Obamacare caused loss of the equivalent of 2.3 million full time jobs increase GDP?
Click to expand...


.. Bbbbbut, they can spend more time with their families... Aaaaaand because they are healthy, they will spend more on goods and services......

So, all they need now is an income to enjoy some quality family time and maybe some disposable income to spend on goods and services.
 
B

BaalsTears

Senate Member
Jan 25, 2011
5,732
0
36
Santa Cruz, California
captain morgan said:
.. Bbbbbut, they can spend more time with their families... Aaaaaand because they are healthy, they will spend more on goods and services......

So, all they need now is an income to enjoy some quality family time and maybe some disposable income to spend on goods and services.
Click to expand...

Yeah...but. If the people of a nation work less they are less productive, and the nation is poorer.
 
captain morgan

captain morgan

Hall of Fame Member
Mar 28, 2009
28,429
148
63
A Mouse Once Bit My Sister
BaalsTears said:
Yeah...but. If the people of a nation work less they are less productive, and the nation is poorer.
Click to expand...

I beg to differ... You see, gopher provided a rock-solid document (kind of) that indicated that this was somehow different.... Sure, his reasoning defies any form of logic (expect perhaps chaos theory), but it was a document all the same, therefore, it is factual and true.

Besides, I think that there was some kind of comment that the reduction in work was 'voluntary' so that's considered like a do-over in golf in that it doesn't count towards GDP... Ask any economist (caveat: as provided by gopher) and they will tell you not to worry about such things, just go about being unemployed and get your ACA so you can (somehow) spend more on goods and services.
 
B

BaalsTears

Senate Member
Jan 25, 2011
5,732
0
36
Santa Cruz, California
captain morgan said:
I beg to differ... You see, gopher provided a rock-solid document (kind of) that indicated that this was somehow different.... Sure, his reasoning defies any form of logic (expect perhaps chaos theory), but it was a document all the same, therefore, it is factual and true.

Besides, I think that there was some kind of comment that the reduction in work was 'voluntary' so that's considered like a do-over in golf in that it doesn't count towards GDP... Ask any economist (caveat: as provided by gopher) and they will tell you not to worry about such things, just go about being unemployed and get your ACA so you can (somehow) spend more on goods and services.
Click to expand...

His "evidence" is mendacity of the lowest order. External reality will impose its will on those who build Potemkin Villages.
 
B

BaalsTears

Senate Member
Jan 25, 2011
5,732
0
36
Santa Cruz, California
JLM said:
I still await your answer, Baals!
Click to expand...

Working smarter? Do you think the people working less are going to be rocket scientists? Probably not.

Those who work less will be low skilled folks who are at the bottom of the food chain in terms of education and earning power. They aren't going to be working smarter. They're going to have more leisure time. That's it.
 
JLM

JLM

Hall of Fame Member
Nov 27, 2008
75,301
548
113
Vernon, B.C.
BaalsTears said:
Working smarter? Do you think the people working less are going to be rocket scientists? Probably not.

Those who work less will be low skilled folks who are at the bottom of the food chain in terms of education and earning power. They aren't going to be working smarter. They're going to have more leisure time. That's it.
Click to expand...

Nope- I've seen people burning the midnight oil yet not accomplishing very much sometimes because they are not organized and don't work to a plan. Smart workers can often "kill two (or three) birds with one stone".
 
You must log in or register to reply here.
Top Bottom