Author Topic: Libtards like to site CBO...Why didn't they post this one? (Read 3040 times)

dario73 · « **on:** February 04, 2014, 10:23:46 AM »

http://www.cnbc.com/id/101352868

A historically high number of people will be locked out of the workforce by 2021, according to a report by the Congressional Budget Office released Tuesday.

President Barack Obama's signature health-care law will contribute to this phenomenon, the CBO said, citing new estimates that the Affordable Care Act will cause a larger-than-expected reduction in working hours—eliminating the equivalent of about 2.3 million workers in 2021.

In 2011, the CBO estimated the law would cause a reduction of about 800,000 full-time equivalent workers.

"CBO estimates that the ACA will reduce the total number of hours worked, on net, by about 1.5 to 2 percent during the period from 2017 to 2024, almost entirely because workers will choose to supply less labor—given the new taxes and other incentives they will face and the financial benefits some will receive," said the report.

"The reduction in CBO's projections of hours worked represents a decline in the number of full-time-equivalent workers of about 2.0 million in 2017, rising to about 2.5 million in 2024," it added.

The deficit will decline to $478 billion in fiscal 2015, any reductions will be short-lived. It will start to grow thereafter as the economy continues to struggle with an unemployment rate that fails to fall below 6 percent until late 2016.

Additionally, the CBO sharply cut its projections of U.S. GDP growth in 2015 by a full percentage point to 3.4 percent, where it also stays for 2016, down nearly a full point from the CBO's previous estimates.

dario73 · « **Reply #1 on:** February 04, 2014, 10:26:31 AM »

That deficit will continue to drop in 2015, but will then begin to quickly rise, once again topping $1 trillion in 2022.

Read more: http://www.washingtontimes.com/news/2014/feb/4/cbo-obamacare-push-2m-workers-out-labor-market/#ixzz2sNZJP4d3
Follow us: @washtimes on Twitter

HAHAHAHA!!

So much for libtard claim that crapcare doesn't affect the job market and that it was going to cut the deficit.

Soul Crusher · « **Reply #2 on:** February 04, 2014, 01:13:02 PM »

We are fucked

tonymctones · « **Reply #3 on:** February 04, 2014, 04:13:40 PM »

none of those democrat supporters want to touch this one?

Kore, straw, lurker, blacken, 240???

Soul Crusher · « **Reply #4 on:** February 04, 2014, 07:54:21 PM »

bump

Soul Crusher · « **Reply #5 on:** February 05, 2014, 03:29:30 AM »

F obama

dario73 · « **Reply #6 on:** February 05, 2014, 05:23:37 AM »

HEHEHEHE!!

Before the retards on this board try to come up with ways to downplay the severity of this effect by crapcare, let me post the talking point those idiots are bound to repeat.

"These numbers represent people who CHOOSE to work less hours."

That is BS.

Why?
First, Pelosi, the mouth piece of the dumocratic party in the House, stated that crapcare would CREATE 4 MILLION JOBS. CREATE!! Not cut hours. Not result in 2.5 million less workers. IT WOULD CREATE MORE JOBS. That was the assertion by dumocrats.

Second, NOT all of those people will be CHOOSING to work less hours. There are going to be people who WILL BE FORCED out of the workplace and we will hear those stories if that crap legislation is not repealed.

Another fact that libtards should consider as proof that government should not be trusted with health care and that even single payer is a terrible idea, is that the CBO keeps coming back with higher and higher numbers for the cost to implement the government's plan. They already stated a year ago that crapcare would cost more than twice they originally stated. Now, triple the number of people of what they originally predicted will be out of the workplace. DEFICIT WILL NOT BE REDUCED. Every "positive" claim made by supporters of that law HAS TURNED OUT TO BE FALSE. Higher costs and terrible for the economy. IT KEEPS GETTING WORSE. Yet, the libtards want single payer. HEHEHEHEHEH! MORONS!

Soul Crusher · « **Reply #7 on:** February 05, 2014, 06:05:54 AM »

Only an idiot ever believed thugcare would work.

RRKore · « **Reply #8 on:** February 05, 2014, 06:19:09 AM »

"Site" (the) CBO?

It'd probably be worth it for you to familiarize yourself with "homophones" and "homonyms" if you want to be taken seriously by people who are more educated than you.

And no, those terms have nothing to do with gay male prostitutes in Peru.

AbrahamG · « **Reply #9 on:** February 05, 2014, 06:37:52 AM »

LMFAO!

dario73 · « **Reply #10 on:** February 05, 2014, 07:04:46 AM »

Quote from: RRKore on February 05, 2014, 06:19:09 AM

"Site" (the) CBO?

It'd probably be worth it for you to familiarize yourself with "homophones" and "homonyms" if you want to be taken seriously by people who are more educated than you.

And no, those terms have nothing to do with gay male prostitutes in Peru.

Oh. Do you really think I care if you or anyone here "takes me seriously"? HEHEHEHEHE!! You are a moron.

The faggoty English professor concerns himself with my poor grammar and spelling. The poor bastard deflects since he can't defend crapcare.

It's tu bad my ingles is bery, bery bad. Sory, pul smoker.

dario73 · « **Reply #11 on:** February 05, 2014, 07:07:30 AM »

Quote from: RRKore on February 05, 2014, 06:19:09 AM

And no, those terms have nothing to do with gay male prostitutes in Peru.

Watch out for that syphilis, Liberace.

RRKore · « **Reply #12 on:** February 05, 2014, 07:40:47 AM »

Quote from: dario73 on February 05, 2014, 07:04:46 AM

Oh. Do you really think I care if you or anyone here "takes me seriously"? HEHEHEHEHE!! You are a moron.

The faggoty English professor is offended by my poor grammar and spelling. The poor bastard deflects since he can't defend crapcare.

It's tu bad my ingles is bery, bery bad. Sory, pul smoker.

So in your world it takes an English professor (I say, old chap, your vocab seems right pear shaped) to know the difference between "site" and "cite" (not to mention "sight")? Well holy short-bus, that seems consistent from the idiot who couldn't see the contradiction between free will and god's supposed omniscience. (Translation: Dario, that you are at least kinda dumb is beyond doubt.)

Oh, you think I'm deflecting? Well, allow me to retort:

http://www.washingtonpost.com/blogs/fact-checker/wp/2014/02/04/no-cbo-did-not-say-obamacare-will-kill-2-million-jobs/?hpid=z1

The Fact Checker
The Truth Behind The Rhetoric

No, CBO did not say Obamacare will kill 2 million jobs

The CBO, in its sober fashion, virtually screams that this is not about jobs. (Note the sections in bold face.)

“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 relative to what would have occurred otherwise rather than as an increase in unemployment (that is, more workers seeking but not finding jobs) or underemployment (such as part-time workers who would prefer to work more hours per week).”

The CBO did look at the effect on demand for labor (i.e., jobs) but said the effects are mostly on the margins or are not measurable. In fact, in contrast to a common GOP talking point, the CBO declares that “there is no compelling evidence that part-time employment has increased as a result of the ACA,” though it notes the data may be murky because the employer mandate was delayed until 2015.

BTW, I'm not a homo but I am wondering if you always assume that anyone who's obviously smarter than you is gay. Cuz if so, that'd be a sad world to live in and I'd sincerely pity you...more than I already do, of course.

headhuntersix · « **Reply #13 on:** February 05, 2014, 07:56:39 AM »

I'm from the government and we're here to give you healthcare.......

dario73 · « **Reply #14 on:** February 05, 2014, 08:08:55 AM »

Quote from: RRKore on February 05, 2014, 07:40:47 AM

So in your world it takes an English professor

Let me be clear with you, nitwit.

I don't care what your opinion is of me. At this point I am making fun of you and all the limp wristed fags like you who either voted or support Obama.

I am not trying to be accepted or "taken serious" by you, nor trying to change your mind. You are an idiot. You are not able to perceive the consequences of the political ideology that you support, so therefore YOU ARE A MORON. No amount of "education", spelling or grammar will be enough to make an idiot like you see the light. I know that. That is why since I began posting on this board I have just been pointing out everything that is wrong with liberalism and making fun of delusional idiots like you.

Don't bother waiting for another response from me because I only address idiots like you maybe two or three times and then I move on.

headhuntersix · « **Reply #15 on:** February 05, 2014, 08:35:14 AM »

Quote from: dario73 on February 05, 2014, 08:08:55 AM

Let me be clear with you, nitwit.

I don't care what your opinion is of me. At this point I am making fun of you and all the limp wristed fags like you who either voted or support Obama.

I am not trying to be accepted or "taken serious" by you, nor trying to change your mind. You are an idiot. You are not able to perceive the consequences of the political ideology that you support, so therefore YOU ARE A MORON. No amount of "education", spelling or grammar will be enough to make an idiot like you see the light. I know that. That is why since I began posting on this board I have just been pointing out everything that is wrong with liberalism and making fun of delusional idiots like you.

Don't bother waiting for another response from me because I only address idiots like you maybe two or three times and then I move on.

I'd buy you a beer but its the internet...great post.

Soul Crusher · « **Reply #16 on:** February 05, 2014, 08:42:07 AM »

Quote from: dario73 on February 05, 2014, 08:08:55 AM

Let me be clear with you, nitwit.

I don't care what your opinion is of me. At this point I am making fun of you and all the limp wristed fags like you who either voted or support Obama.

I am not trying to be accepted or "taken serious" by you, nor trying to change your mind. You are an idiot. You are not able to perceive the consequences of the political ideology that you support, so therefore YOU ARE A MORON. No amount of "education", spelling or grammar will be enough to make an idiot like you see the light. I know that. That is why since I began posting on this board I have just been pointing out everything that is wrong with liberalism and making fun of delusional idiots like you.

Don't bother waiting for another response from me because I only address idiots like you maybe two or three times and then I move on.

blacken700 · « **Reply #17 on:** February 05, 2014, 10:21:58 AM »

House Budget Chair Paul Ryan (R-WI) explained in a Wednesday hearing with CBO director Steven Elmendorf that the health care reform law wouldn't cost the U.S. economy more than 2 million jobs, as many of his colleagues alleged, but that Americans would choose to work less.

Soul Crusher · « **Reply #18 on:** February 05, 2014, 10:25:47 AM »

Quote from: blacken700 on February 05, 2014, 10:21:58 AM

House Budget Chair Paul Ryan (R-WI) explained in a Wednesday hearing with CBO director Steven Elmendorf that the health care reform law wouldn't cost the U.S. economy more than 2 million jobs, as many of his colleagues alleged, but that Americans would choose to work less.

And that is a good thing?

temple_of_dis · « **Reply #19 on:** February 05, 2014, 10:28:49 AM »

love

of course having the corny communist government will deliver anything at 10x the normal cost

and senators wont have to partake liek reid!

creating a class system euro socialists love

and fucking up cheap commodified health care and any other product for the rest of us

dario73 · « **Reply #20 on:** February 05, 2014, 01:42:14 PM »

http://www.realclearpolitics.com/video/2014/02/05/cbo_director_obamacare_creates_a_disincentive_for_people_to_work.html

CBO Director: Obamacare "Creates A Disincentive For People To Work"

REP. PAUL RYAN: Just to understand this, it is not that employers are laying people off, but that people aren't working in the work force, aren't supply labor to the equivalent of 2.5 million jobs in 2024, and as a result work force participation rate, less labor supply lowers economic growth.

DOUG ELMENDORF, CBO: That is right, Mr. Chairman.

Straw Man · « **Reply #21 on:** February 05, 2014, 02:13:17 PM »

Quote from: RRKore on February 05, 2014, 07:40:47 AM

So in your world it takes an English professor (I say, old chap, your vocab seems right pear shaped) to know the difference between "site" and "cite" (not to mention "sight")? Well holy short-bus, that seems consistent from the idiot who couldn't see the contradiction between free will and god's supposed omniscience. (Translation: Dario, that you are at least kinda dumb is beyond doubt.)

Oh, you think I'm deflecting? Well, allow me to retort:

http://www.washingtonpost.com/blogs/fact-checker/wp/2014/02/04/no-cbo-did-not-say-obamacare-will-kill-2-million-jobs/?hpid=z1

The Fact Checker
The Truth Behind The Rhetoric

No, CBO did not say Obamacare will kill 2 million jobs

The CBO, in its sober fashion, virtually screams that this is not about jobs. (Note the sections in bold face.)

“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 relative to what would have occurred otherwise rather than as an increase in unemployment (that is, more workers seeking but not finding jobs) or underemployment (such as part-time workers who would prefer to work more hours per week).”

The CBO did look at the effect on demand for labor (i.e., jobs) but said the effects are mostly on the margins or are not measurable. In fact, in contrast to a common GOP talking point, the CBO declares that “there is no compelling evidence that part-time employment has increased as a result of the ACA,” though it notes the data may be murky because the employer mandate was delayed until 2015.

BTW, I'm not a homo but I am wondering if you always assume that anyone who's obviously smarter than you is gay. Cuz if so, that'd be a sad world to live in and I'd sincerely pity you...more than I already do, of course.

this is why I didn't even bother to post on this thread

the spin on this story was ridiculous yesterday with the even members of Congress flat out lying about what this report said

Soul Crusher · « **Reply #22 on:** February 05, 2014, 02:16:40 PM »

Quote from: Straw Man on February 05, 2014, 02:13:17 PM

this is why I didn't even bother to post on this thread

the spin on this story was ridiculous yesterday with the even members of Congress flat out lying about what this report said

LMFAO - yeah its all spin rrrriiiggghhhttttttt

Typical

dario73 · « **Reply #23 on:** February 05, 2014, 02:24:06 PM »

Quote from: Soul Crusher on February 05, 2014, 02:16:40 PM

LMFAO - yeah its all spin rrrriiiggghhhttttttt

Typical

HEHEHEHEH!!

Those poor libtards were in claiming that crapcare would create jobs, cut the deficit, people would keep their doctors, their insurance plans, and it would save families $2500 a year in premiums.

ALL of those claims have been PROVEN FALSE.

Yet, it is all spin by the right.

Oh, and it is all FOX's fault.

George Whorewell · « **Reply #24 on:** February 05, 2014, 04:33:09 PM »

Quote from: Straw Man on February 05, 2014, 02:13:17 PM

this is why I didn't even bother to post on this thread

the spin on this story was ridiculous yesterday with the even members of Congress flat out lying about what this report said

So, its your position that the CBO is lying about Obamacare, or you're dismissing the conclusions reached by the CBO because the Wapo fact checker dazzled you with a few run on sentences?