February 13, 2014

CBO Obamacare job loss worse than reported

By William Tate
The Obama machine is scrambling to minimize damage inflicted by the Congressional Budget Office's report that Obamacare will have a negative impact on employment, delaying yet again parts of the employer mandate, and forcing employers to swear Orwellian oaths that they won't cut workers. But a full reading of the CBO report shows that job loss could be even worse than previously reported.  The CBO report concludes that the equivalent of 2.5 million jobs will be lost due to Obamacare, primarily because of decisions made by workers. But, like Holmes's dog that didn't bark, the report may be even more damning because of what isn't there. The CBO minimizes -- and even willfully ignores in some cases -- decisions that employers will make about jobs because of Obamacare provisions that punish them: penalties for not providing insurance, or insurance that doesn't carry the Obamacare stamp of approval; higher costs to provide expanded, and sometimes unnecessary, coverage; costs of...(Read Full Article)