Obamacare and the Incentive to Work (Chicago Trib)
Posted in the Columbus Forum
#1 Feb 6, 2014
"That doesn't mean 2 million people will be thrown out of work by Obamacare, as some critics asserted.
It does mean many workers will have less incentive to work. Some will gain welcome flexibility — if they have clung to jobs just to keep employer-based health care, they will have access to coverage that's not conditioned on holding a job.
But, and here's where the impact is likely pernicious, some will quit or work less precisely because they'll now qualify for Medicaid or for subsidies under the law. In effect, they'll have a government incentive to be less productive. Some higher-income workers also will have a disincentive — higher taxes under Obamacare — for providing more labor. That is, a disincentive to work.
Government subsidies that persuade people to be less productive are not healthy for the nation. They're also costly. Which goes to the more alarming news that came out of the CBO this week.
The CBO — as close as you'll get in Washington to a nonpartisan source of information — released its federal budget projections for the next 10 years. The prospect is bleak:
The agency projects that annual deficits will stabilize through 2017 but then will launch into a long rise. By the most useful measure — debt as a percentage of our gross domestic product — the CBO sees that number rising from 72.1 percent in 2013 to 79.2 percent by 2024. That would be the highest U.S. debt burden since the years after federal borrowing spiked to fight World War II."
“animis opibusque parati”
Since: Oct 12
#2 Feb 6, 2014
Obama's current record for highest percentage of Americans out of the workforce wasn't enough.
He's doubling down...on his treachery...again.
#3 Feb 6, 2014
Obama's legacy is vastly more people on food stamps, killing the Space Program and the best health care system in the world and all time highs in Black on Black murder, Black infant mortality rates that are as high as Third World Nations.
#4 Feb 6, 2014
BS should write an executive order baring all work-no jobs. then the problem is solved.
Then it can be laid on Bush's account, not only did he send jobs overseas but Bushie caused all work to go out of country.
Oh, the BS stands for Barry Soetero.
#5 Feb 6, 2014
obama is blackdom writ large. Thanks for showing us, barry!
#6 Feb 6, 2014
Thought it was blaxk satan, since like Santa Clause, the Easter Bunny, and Jesus that have to have their own.
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