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Politics : Formerly About Advanced Micro Devices

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FJB
To: puborectalis who wrote (767979)2/5/2014 12:28:00 PM
From: joseffy1 Recommendation   of 1575652
 
Caution: You’re Entering The Obamacare Spin Zone
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Michelle Obama's Mirror ^ | 2-5-2014

As of noon yesterday when the CBO report came out, things have been spinning around here like your electric meter on a blistering hot day.

Only ours spins backwards, because of the tax subsidized solar panels on the roof producing so much power we’re selling it back to our local utility, as required by law. Win Win!!



Suffice it to say it’s enough to make your head spin. So here’s the deal, as first reported yesterday:

The new healthcare law will cost the nation the equivalent of 2.5 million workers in the next decade, the Congressional Budget Office (CBO) estimated in a report released Tuesday.

The nonpartisan agency found the reform law’s negative effects on employment would be “substantially larger” than what it had previously anticipated.

It said the equivalent of 2.3 million workers would be lost by 2021, compared to its previous estimate of 800,000, and that 2.5 million workers would be lost by 2024. It also projected that labor force compensation would be reduced by 1 percent from 2017 to 2024 — twice its previous estimate.

But let me be clear: this is good news; you don’t have to work as hard anymore! Or at all, if you “choose” not to.

The report predicted more people would leave the workforce because of lower wages, and be slower to return because they would want to keep their healthcare insurance subsidies.

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