Wednesday, February 05, 2014

Is Paul Ryan STUPID?

Boyish charm, college grad, wonk, .....and stupid, too?

A new Congressional Budget Office, or CBO, report shows Obamacare is expected to eliminate the equivalent of 2.3 million jobs over the next decade – a huge jump from original estimates – and opponents of the law say it’s more proof that repeal is the only solution.

The CBO report states the estimate is based on reduced working hours for some employees and the elimination of other positions by employers who want to avoid being required to provide health coverage to their employees.

So what does Ryan blabber about?

Immigration "reform."


Anonymous said...

Were you paying closer attention, you'd note that when folks who no longer need to work just to hang on to their health insurance step aside, those jobs open up for the currently unemployed. The tripe that companies will eliminate jobs to avoid providing health coverage for their employees is more projection on your part. Why would profitable companies reduce their workforce to avoid a slight uptick that's more than offset by rising receipts?

Anonymous said...

Actually the report says little if anything about "lost jobs". It says that 2.3 million full time equivalent workers will reduce their hours because they can now get health insurance independent of their employer. This allows them to seek further education, spend more hours raising families, pursue creative and business opportunities, or retire before age 65. This will also create a higher demand for labor which will put upward pressure on wages.

It's a good thing.

Dad29 said...

Clearly, grade-school math was (and still is) a challenge for you.

Provide health insurance (single coverage, average plan design) = $4K to $8K/year.

Pay ObozoCare Fine for NOT providing same = $2K fine.

Which is the larger cost?

Further, the CBO made the projection, not I.

Finally, people who "hang on" to their insurance through employment generally have a REASON to do so.

When ObozoCare premiums, copays, and deductibles are added up, those folks have MORE reason to "hang on" to their jobs.

You don't care about them, of course, because they're just 'little people' who don't live in Shorewood or Elm Grove.

Jam it.

Dad29 said...

Will voluntarily cut back?

Quote the language directly, please.

Again: paying for ObozoCare is extremely onerous if one IS employed. It's a helluva lot MORE onerous if one does not have a paycheck.

You are insufferably stupid--so don't expect to see much more of your asinine propaganda published here.

Jim said...

"The estimated reduction stems almost entirely from a net decline in the amount of labor that workers
choose to supply, rather than from a net drop in businesses’ demand for labor, so it will appear almost entirely as a reduction in labor force participation and in hours worked..."

CBO Report February 4, 2014, Appendix C

Some people will be able to retire before age 65 when they can get Medicare. Some people can stay at home more hours while their spouse continues to work. Some people can go back to school part-time because they now have a way to carry insurance independent of their employer.

Jam this.

Dad29 said...

Well, well. It's Jimbo, the "retired" SanFranLefty banker!

Hmmmmmmmm. Why would workers 'supply less labor'?

How about getting more free Gummint cheese--like ObozoCare subsidies?


PS: Medicare--unless you pay highly subsidized premiums--is for hospitalization only. Those premiums are deducted from a rather paltry SS check, or come from cash on hand.

I smell subsidized cheese!

And of course, the 64+ crowd is a small portion of the "working-aged" non-jailed folks.

The others: free cheese!!

Dad29 said...

IOW, Jimbo, you commie, ObozoCare is like welfare and un-ending unemployment bennies: it rewards non-work.

The rewards must come from someplace, and that place is the pockets of workers.

Simply put, if you don't want to work, I don't want to pay you.

Jam THAT, Jimbo.