CBO:
CONgressional Budget Office
CBO’s estimate that the ACA will reduce aggregate labor compensation in the economy by about 1 percent over the 2017–2024 period—compared with what would have occurred in the absence of the act—is substantially larger than the estimate the agency issued in August 2010. At that time, CBO estimated that, once it was fully implemented, the ACA would reduce the use of labor by about one-half of a percent. That measure of labor use was calculated in dollar terms, representing the change in aggregate labor compensation that would result. Thus it can be compared with the reduction in aggregate compensation that CBO now estimates to result from the act (rather than with the projected decline in the number of hours worked).
CBO’s updated estimate of the decrease in hours worked translates to a reduction in full-time-equivalent employment of about 2.0 million in 2017, rising to about 2.5 million in 2024, compared with what would have occurred in the absence of the ACA. Previously, the agency estimated that if the ACA did not affect the average number of hours worked per employed person, it would reduce household employment in 2021 by about 800,000.25 By way of comparison, CBO’s current estimate for 2021 is a reduction in full-time-equivalent employment of about 2.3 million.
Thank the Gods we have these Central Planners organizing everything for us and bailed out the richest 0.01%. Just wonderfulishest. Hey, who needs 2.5 million jobs when we have the ACA instead. Grand-children, please grabhold of something, your grandparents are coming over for a visit - and you know how grandpa is if he doesn't get his free-goodies at your expense.
Given the millions of millions and trillions of regulations (to keep us 'free' Americans 'safe' from one another, oh, and Muslim Fundamentalists) it's little wonder everything is bland shitty chain-stores and chain fast-food and chain banks and chain everything. 99.9999% of Americans may know how to make a sandwich, but they'd be in violation of so many laws if they dared sell one to another adult - hell, they'd be in jail before the afternoon was over. Why would most Americans bother creating a business outside of rent-seeking? Given how 'Evil' the so-called Free-Markets are portraid - most wouldn't!
(it should be noted, that while illegal to sell you a sandwich, 'free' 'brave' Americans are allowed by their political masters to make a sandwich and give, trade or sell it to their children. At least for now. We'll see how long that holds out, I mean
"DON'T you care for the children!?!" Perhaps parents should be required to buy a State Licence to certify they know how to make sandwiches for their children, I mean, sandwiches is dangerous I tell's ya).
Do enjoy your ObamaCare.
As an aside, I read that an Australia Politician was suggesting Australians will either have to (1) pay much higher taxes (2) lose much of their public healthcare or (3) reduce pension for the aged that own their own home. Which do you think the "Middle Class" is going to go for? I'm guessing now that they've imported 1 out of 3 voters - the idea of the elderly home owner needing to 'reverse mortgage' their house to the State .... that will sound promising to the Middle Class voter. Oh, what interesting times we live in.
Welcome to Democracy, Middle Class style. You didn't Build that home on your own! Other people helped you build that home! Think of "the Nation". Think of "the Children". Think of.... the sweeeeet deal you can have on Thai-Chilli Australian flavored soylent green. Cheap as Chips too.
BBC:
'Obamacare' will reduce US workforce, report finds
The reductions will begin in 2017 after the law's provisions take full effect, the Congressional Budget Office (CBO) said in its report. Lower-income workers will be hardest hit, limiting their hours to avoid losing federal subsidies. Employees may also face lower wages due to tax levees and penalties against their employers, the report found.
THANK THE GODS we have Central Planers in our Central Government taking care of our AMA-Controlled healthcare for them, errrr us.
I mean *GASP* imagine if poor little-people had the freedom to buy and sell healthcare goods and services with only the laws against fraud and protections of private property rights to look after us... ... nope, we're all just too f*cking stupid to look after ourselves. Hope you like your leash - as a 'Free' "Citizen" - it's pretty Gawd Damn short.
It wouldn't yield the results they wanted. You cannot normalize a orange into an apple Michael. That is the unfortunate truth for you and those like you.
