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Wednesday, February 05, 2014

Economic Education

Wow! The poop is starting to hit the fan, the CBO is putting out some new facts that could kill Obamacare

CBO REPORT FACTS
OBAMACARE IMPACTS

§ Will reduce full-time jobs by 2 million in 2017
§ Low income earners: limited hours or lose federal subsidies
§ biggest impact would begin 2017

The White House simply says the numbers are in accurate… Because apparently the CBO does not understand what it's doing?

THAT'S ITS JOB!
IT WAS MADE TO CRUNCH THE NUMBERS HONESTLY!

In Senate hearings, they were told by Douglas Alomdorph (CBO Director) today that bite withdrawing the subsidies when people begin to burn money, it will cause a disincentive for people to work - causing more people to stay the federal money programs - that's causing more deficit

Jason Furman, chair of Pres. Obama's economic advisors, said at a press conference:
<blockquote>" I think this report is (big pause here) mainstream economics - but I think like mainstream economics it doesn't it doesn't take into account (gear shift here) - it's subject to misinterpretation" </blockquote> 
To a reporters question as to whether Furman was saying that it would be a good thing for 2 million people to LEAVE the work force, he said:
<blockquote> " i'm not saying that I excepted that number" </blockquote> 

And to top it all off, the CB oh feels that only 6 million people will sign up for Obamacare on the whole – not the 7 million at the White House things will sign up by March, which is what they say is needed by then in order to get this to work.



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