Sunday, February 9, 2014

Freedom Haters are big on "sustainability" except when it comes to economics

So what do you think of all the pathetic spin coming from government officials and pundits trying to put a happy face on the CBO report about diminishing work hours and subsidized FHer-care?

Carl Cannon, in a piece worth reading in its entirety, gets to the essence of what is going to happen:

The CBO report isn’t really about job-lock—at least in the way the term had been used until now. The problem was previously understood to mean that barriers to obtaining health insurance were preventing Americans from moving to more attractive jobs, starting their own businesses, and, yes, even occasionally taking early retirement.
What the CBO report makes plain is that under Obamacare a huge cohort of Americans will realize they’d be better off financially if they cut back on their hours or quit working altogether so as to not jeopardize their (taxpayer-financed) health care subsidies.
Here’s the rub: Who will be paying for their health care costs? There are two possible answers; one: Americans who remain in the workforce, most of whom are middle class, with economic worries of their own; two: future generations of Americans—as we are borrowing prodigiously to pay for current spending.

Yet more lopsidedness.  Numbers don't lie.  This just won't work.

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