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CBO Forecasts that by 2017 over 2 Million will leave the job market due to Obamacare

Posted by Train Dude on Tue Feb 4 14:38:56 2014

fiogf49gjkf0d
I guess this could be blamed on Fox News as well.
OR it's Bush's fault
Maybe we can blame the 2nd Amendment supporters







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(1151444)

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Re: CBO Forecasts that by 2017 over 2 Million will leave the job market due to Obamacare

Posted by AlM on Tue Feb 4 14:47:35 2014, in response to CBO Forecasts that by 2017 over 2 Million will leave the job market due to Obamacare, posted by Train Dude on Tue Feb 4 14:38:56 2014.

fiogf49gjkf0d
The budget office analysis found that much of the law’s effect comes from reducing the need for people to take a full-time job just to get insurance coverage, and from the premium subsidies effectively bolstering household income.

But it will also have an effect on businesses, the report said, including by encouraging them to reduce employee hours to avoid the so-called “employer mandate.”




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(1151447)

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Re: CBO Forecasts that by 2017 over 2 Million will leave the job market due to Obamacare

Posted by cortelyounext on Tue Feb 4 14:56:36 2014, in response to CBO Forecasts that by 2017 over 2 Million will leave the job market due to Obamacare, posted by Train Dude on Tue Feb 4 14:38:56 2014.

fiogf49gjkf0d

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Re: CBO Forecasts that by 2017 over 2 Million will leave the job market due to Obamacare

Posted by SMAZ on Tue Feb 4 16:22:09 2014, in response to CBO Forecasts that by 2017 over 2 Million will leave the job market due to Obamacare, posted by Train Dude on Tue Feb 4 14:38:56 2014.

fiogf49gjkf0d
EXCELLENT!!

These people were staying in the job market just because of the health insurance and not for the money.
This will free up jobs for younger currently unemployed people.

I'd already said that this was one of the advantages of universal health care.

Why do you make this out to be a bad thing?
Was it bad when millions of seniors left the job market after the creation of Social Security and Medicare?


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Re: CBO Forecasts that by 2017 over 2 Million will leave the job market due to Obamacare

Posted by italianstallion on Tue Feb 4 16:33:02 2014, in response to Re: CBO Forecasts that by 2017 over 2 Million will leave the job market due to Obamacare, posted by AlM on Tue Feb 4 14:47:35 2014.

fiogf49gjkf0d
In other words,

Prior to Obamacare: "I hate this job. I'm ready to retire. I have enough money saved. But I'm only 60 and won't be eligible for Medicare for another 5 years and won't be able to get insurance on my own due to my pre-existing condition. Guess I'm stuck here for another 5 years. Ugh!"

With Obamacare: "I hate this job. I'm ready to retire. I have enough money saved. I'm only 60 and won't be eligible for Medicare for another 5 years. But, guess what? I checked healthcare.gov and I can get an affordable plan and can't be turned down because of my pre-existing condition. Thanks, Obama!"

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FALSE -Re: CBO Forecasts that by 2017 over 2 Million will leave the job market due to Obamacare

Posted by italianstallion on Tue Feb 4 16:38:41 2014, in response to CBO Forecasts that by 2017 over 2 Million will leave the job market due to Obamacare, posted by Train Dude on Tue Feb 4 14:38:56 2014.

fiogf49gjkf0d
Already debunked - 3 Pinocchios from Wash. Post fact checker:

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

I was hoping someone could post this so I could point out the right-wing lies about it. Thanks!

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(1151480)

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Re: FALSE -Re: CBO Forecasts that by 2017 over 2 Million will leave the job market due to Obamacare

Posted by SMAZ on Tue Feb 4 16:48:23 2014, in response to FALSE -Re: CBO Forecasts that by 2017 over 2 Million will leave the job market due to Obamacare, posted by italianstallion on Tue Feb 4 16:38:41 2014.

fiogf49gjkf0d
You can always count on right-wingers spreading their idiotic chain emails around and then predictably getting humiliated over it.

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(1151481)

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Re: CBO Forecasts that by 2017 over 2 Million will leave the job market due to Obamacare

Posted by Olog-hai on Tue Feb 4 16:52:28 2014, in response to FALSE -Re: CBO Forecasts that by 2017 over 2 Million will leave the job market due to Obamacare, posted by italianstallion on Tue Feb 4 16:38:41 2014.

fiogf49gjkf0d
Business Insider is quite left-wing. Glenn Kessler is the liar.

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FALSE -Re: CBO Forecasts that by 2017 over 2 Million will leave the job market due to Obamacare

Posted by italianstallion on Tue Feb 4 16:57:31 2014, in response to Re: CBO Forecasts that by 2017 over 2 Million will leave the job market due to Obamacare, posted by Olog-hai on Tue Feb 4 16:52:28 2014.

fiogf49gjkf0d
Corrected title.

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(1151485)

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Re: CBO Forecasts that by 2017 over 2 Million will leave the job market due to Obamacare

Posted by Olog-hai on Tue Feb 4 16:59:00 2014, in response to FALSE -Re: CBO Forecasts that by 2017 over 2 Million will leave the job market due to Obamacare, posted by italianstallion on Tue Feb 4 16:57:31 2014.

fiogf49gjkf0d
LOL, you can't prove that Kessler ain't lyin'. It's like taking Krugman's bizarre opinions as gospel.

Corrected title, BTW.

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Re: CBO Forecasts that by 2017 over 2 Million will leave the job market due to Obamacare

Posted by italianstallion on Tue Feb 4 17:04:43 2014, in response to Re: CBO Forecasts that by 2017 over 2 Million will leave the job market due to Obamacare, posted by Olog-hai on Tue Feb 4 16:59:00 2014.

fiogf49gjkf0d
If you REALLY want a correct title.

Based on this ACTUAL CBO language:

“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).”

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Re: CBO Forecasts that by 2021 work hours willm be reduced equal to 2 million F/T equivalent workers

Posted by italianstallion on Tue Feb 4 17:07:23 2014, in response to Re: CBO Forecasts that by 2017 over 2 Million will leave the job market due to Obamacare, posted by Olog-hai on Tue Feb 4 16:59:00 2014.

fiogf49gjkf0d

(Whoops, pressed send before fixing title)

If you REALLY want a correct title.

Based on this ACTUAL CBO language:

“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).”

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Re: CBO Forecasts that by 2017 over 2 Million will leave the job market due to Obamacare

Posted by bingbong on Tue Feb 4 17:44:26 2014, in response to Re: CBO Forecasts that by 2017 over 2 Million will leave the job market due to Obamacare, posted by italianstallion on Tue Feb 4 16:33:02 2014.

fiogf49gjkf0d
Yeah, that's about how it rolls. Then a younger person can get that job, which likely will pay better and open career opportunities for them. Does the RW have a problem with one less underpaid, struggling burgerslinger?

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Re: CBO Forecasts that by 2017 over 2 Million will leave the job market due to Obamacare

Posted by LuchAAA on Tue Feb 4 20:16:30 2014, in response to CBO Forecasts that by 2017 over 2 Million will leave the job market due to Obamacare, posted by Train Dude on Tue Feb 4 14:38:56 2014.

fiogf49gjkf0d
yup. and as bad as things get, none of this will cost Democrats votes in an election. the kind of people who vote Democrat don;t care about this stuff.

People like Easy, who think too many teens are suspended from school but a six year-old kisses a girl on the hand and he;s suspended.

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Re: CBO Forecasts that by 2017 over 2 Million will leave the job market due to Obamacare

Posted by SelkirkTMO on Tue Feb 4 20:23:34 2014, in response to Re: CBO Forecasts that by 2017 over 2 Million will leave the job market due to Obamacare, posted by LuchAAA on Tue Feb 4 20:16:30 2014.

fiogf49gjkf0d
Gotta love the conservatard mind behind THIS hoohah. Here's what comes of it. Folks close to retirement age no longer have to work full time in order to have insurance before they're eligible for medicare. Companies that are even thinking of cutting back are going to die as their competitors eat their lunch when their quality of service goes in the shitter.

Meanwhile, about 2 million people who are LOOKING for work are actually going to get a job. And the republicans are going to tell folks this is bad? LOL! PLEASE, republicans ... run with this one! :)

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Re: CBO Forecasts that by 2017 over 2 Million will leave the job market due to Obamacare

Posted by cortelyounext on Tue Feb 4 20:38:06 2014, in response to Re: CBO Forecasts that by 2017 over 2 Million will leave the job market due to Obamacare, posted by LuchAAA on Tue Feb 4 20:16:30 2014.

fiogf49gjkf0d
The Easy, who comes from southern California, is a contrarian. About the time I think I finally understand him I realize I have absolutely no idea who he is and where he stands - I cannot figure that guy out. SMAZ likes to post all things LGBTQIA which is his pejorative I think is the word I am looking for.

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Re: CBO Forecasts that by 2017 over 2 Million will leave the job market due to Obamacare

Posted by LuchAAA on Tue Feb 4 20:40:30 2014, in response to Re: CBO Forecasts that by 2017 over 2 Million will leave the job market due to Obamacare, posted by cortelyounext on Tue Feb 4 20:38:06 2014.

fiogf49gjkf0d
SMAZZA won;t summit with me at al-Rizzo's in Queens.

your trip to Tampa is soon.



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Re: CBO Forecasts that by 2017 over 2 Million will leave the job market due to Obamacare

Posted by cortelyounext on Tue Feb 4 21:06:14 2014, in response to Re: CBO Forecasts that by 2017 over 2 Million will leave the job market due to Obamacare, posted by LuchAAA on Tue Feb 4 20:40:30 2014.

fiogf49gjkf0d
Yeah. Perhaps you need to ask SMAZ to join you at Sal's Pizzeria - I think either you or the Chris R16/R2730 once posted a picture of a plain slice on a paper plate from that place.
I leave Friday evening on a trip from Newark with San Jose, C.R., Chicago, and St. Thomas, U.S.V.I. layovers. I will probably score do well with those individuals who identify as members of the female persuasion. Did you see my Afro Sheen post?

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Re: CBO Forecasts that by 2021 work hours willm be reduced equal to 2 million F/T equivalent workers

Posted by Train Dude on Tue Feb 4 21:13:25 2014, in response to Re: CBO Forecasts that by 2021 work hours willm be reduced equal to 2 million F/T equivalent workers, posted by italianstallion on Tue Feb 4 17:07:23 2014.

fiogf49gjkf0d
I guess you missed the part about the employers who are expected to kick their employees from full time to part time status so that they don't have to provide coverage. Well what do they matter, anyway?

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Re: CBO Forecasts that by 2017 over 2 Million will leave the job market due to Obamacare

Posted by Olog-hai on Tue Feb 4 21:48:14 2014, in response to Re: CBO Forecasts that by 2021 work hours willm be reduced equal to 2 million F/T equivalent workers, posted by Train Dude on Tue Feb 4 21:13:25 2014.

fiogf49gjkf0d
Ain't it funny how he can't keep his lies straight?

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Re: CBO Forecasts that by 2017 over 2 Million will leave the job market due to Obamacare

Posted by Olog-hai on Tue Feb 4 21:57:05 2014, in response to Re: CBO Forecasts that by 2021 work hours willm be reduced equal to 2 million F/T equivalent workers, posted by italianstallion on Tue Feb 4 17:07:23 2014.

fiogf49gjkf0d
Yeah, that's why the elite all secure exemptions for themselves.

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Re: CBO Forecasts that by 2017 over 2 Million will leave the job market due to Obamacare

Posted by Olog-hai on Tue Feb 4 21:58:05 2014, in response to Re: CBO Forecasts that by 2017 over 2 Million will leave the job market due to Obamacare, posted by LuchAAA on Tue Feb 4 20:40:30 2014.

fiogf49gjkf0d
Now you know who's scared.

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Re: CBO Forecasts that by 2017 over 2 Million will leave the job market due to Obamacare

Posted by Olog-hai on Tue Feb 4 21:58:51 2014, in response to Re: CBO Forecasts that by 2017 over 2 Million will leave the job market due to Obamacare, posted by LuchAAA on Tue Feb 4 20:16:30 2014.

fiogf49gjkf0d
none of this will cost Democrats votes in an election

Not if they can get the illegals and the deceased to keep voting for them, no.

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Re: CBO Forecasts that by 2017 over 2 Million will leave the job market due to Obamacare

Posted by Train Dude on Tue Feb 4 22:01:52 2014, in response to Re: CBO Forecasts that by 2017 over 2 Million will leave the job market due to Obamacare, posted by Olog-hai on Tue Feb 4 21:48:14 2014.

fiogf49gjkf0d
To be fair, some news reports have made the same point that some might work less once they don't have to work for their medical benefits. Give them HEET, Food Stamps, an Obamaphone and Section 8 housing and they can almost stop working all together. BUT not of the liber-nazis here would mention the other side of the coin - all the Full Time jobs that'll become part time jobs. I guess they just didn't read the entire report.

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Re: CBO Forecasts that by 2017 over 2 Million will leave the job market due to Obamacare

Posted by Olog-hai on Tue Feb 4 22:03:54 2014, in response to Re: CBO Forecasts that by 2017 over 2 Million will leave the job market due to Obamacare, posted by Train Dude on Tue Feb 4 22:01:52 2014.

fiogf49gjkf0d
No; they like to parse and spin.

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Re: CBO Forecasts that by 2017 over 2 Million will leave the job market due to Obamacare

Posted by Train Dude on Tue Feb 4 22:07:35 2014, in response to Re: CBO Forecasts that by 2017 over 2 Million will leave the job market due to Obamacare, posted by Olog-hai on Tue Feb 4 22:03:54 2014.

fiogf49gjkf0d
Oh they do parse and spin. They spin like whirling dervishes in overdrive

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Re: CBO Forecasts that by 2017 over 2 Million will leave the job market due to Obamacare

Posted by SelkirkTMO on Tue Feb 4 22:09:26 2014, in response to Re: CBO Forecasts that by 2017 over 2 Million will leave the job market due to Obamacare, posted by Train Dude on Tue Feb 4 22:01:52 2014.

fiogf49gjkf0d
Why? Were you planning to jump off that taxpayer cart and go back to work yourself?

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AP concurs: CBO Forecasts that by 2017 over 2 Million will leave the job market due to Obamacare

Posted by Olog-hai on Tue Feb 4 22:18:47 2014, in response to CBO Forecasts that by 2017 over 2 Million will leave the job market due to Obamacare, posted by Train Dude on Tue Feb 4 14:38:56 2014.

fiogf49gjkf0d
Headline says it all . . . because they know the rest is BS.

Analysts say health care law means fewer on the job

By Andrew Taylor and Ricardo Alonso-Zaldivar
Feb 4, 2014 9:44 PM EST
Several million American workers will cut back their hours on the job or leave the nation's workforce entirely because of President Barack Obama's health care overhaul, congressional analysts said Tuesday, adding fresh fuel to the political fight over "Obamacare."

The workforce changes would mean nationwide losses equal to 2.3 million full-time jobs by 2021, in large part because people would opt to keep their income low to stay eligible for federal health care subsidies or Medicaid, the Congressional Budget Office said. It had estimated previously that the law would lead to 800,000 fewer jobs by that year.

Republican lawmakers seized on the report as major new evidence of what they consider the failures of Obama's overhaul, the huge change in U.S. health coverage that they're trying to overturn and planning to use as a main argument against Democrats in November's midterm elections.

It's the latest indication that "the president's health care law is destroying full-time jobs," said Republican Rep. John Kline of Minnesota, chairman of the House Education and the Workforce Committee. "This fatally flawed health care scheme is wreaking havoc on working families nationwide," he said.

But the White House said the possible reduction would be due to voluntary steps by workers rather than businesses cutting jobs — people having the freedom to retire early or spend more time as stay-at-home parents because they no longer had to depend only on their employers for health insurance.

The law means people "will be empowered to make choices about their own lives and livelihoods," said White House Press Secretary Jay Carney.

CBO Director Douglas Elmendorf said the top reasons people would reduce work would be to qualify for subsidized coverage and an expanded Medicaid program but that lower wages — because of penalties on employers who don't provide coverage and looming taxes on generous health care plans — would also be a factor.

The agency also reduced its estimate of the number of uninsured people who will get coverage through the health care law. The budget experts now say 1 million more people will be uninsured this year than had been expected, partly because of the website problems that prevented people from signing up last fall.

However, it wasn't all bad news for the Obama administration. The CBO's wide-ranging report predicted that the federal budget deficit will fall to $514 billion this year, down from last year's $680 billion and the lowest by far since Obama took office five years ago.

The new estimates also say that the health care law will, in the short run, benefit the economy by boosting demand for goods and services because the lower-income people it helps will have more purchasing power. The report noted that the 2014 premiums that people pay for exchange coverage are coming in about 15 percent lower than projected, and the health care law, on balance, still is expected to reduce the federal deficit.

However, the budget experts see the long-term federal deficit picture worsening by about $100 billion a year through the end of the decade because of slower growth in the economy than they had previously predicted.

As for health care signups, the website woes have largely been cleared up, but the nonpartisan congressional analysts estimated that about 1 million fewer people will enroll through the new insurance exchanges than had been expected this year, for a total of 6 million.

Enrollment is predicted to pick up, topping 20 million in 2016. The exchanges, or online marketplaces, offer subsidized private coverage and cater mainly to middle-class people who don't have health care on the job.

The Congressional Budget Office also revised its Medicaid enrollment projection downward by about 1 million, for a new total of 8 million signups in 2014. About half the states have accepted the health law's Medicaid expansion.

What about those people whose decisions about work might be affected by the new law?

Lower-wage workers are more likely to reduce their hours or quit their jobs because of Obamacare incentives, the report said.

Although some employers will choose not to hire additional workers, or will reduce hours, the budget office said that does not appear to be the main factor.

"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," the report said.

The health care analysis is layered with complexity. The job losses are measured in "full-time-equivalent workers," which means more people are actually affected than, say, the 2 million full-time-equivalent jobs lost in 2017. It could take several part-time workers or people deciding to reduce their hours to produce the wage loss of one full-time equivalent.

The report also contains an important caveat, that the estimate of job losses is "subject to substantial uncertainty" and could be larger or smaller than predicted. There now are more than 130 million jobs in the economy.

Meanwhile, the broad federal deficit projection shows another yearly improvement. Obama inherited an economy in crisis and the first deficits ever to exceed $1 trillion. The 2009 total, swelled by the costs of the Wall Street bailout, hit a record $1.4 trillion, while the deficits of 2010 and 2011 each registered $1.3 trillion.

The agency sees the deficit sliding to $478 billion next year before beginning a steady rise years through 2024 that would bring the annual imbalance back above $1 trillion. Overall, it forecasts deficits totaling $7.3 trillion over the coming decade, about $1 trillion more than previously estimated.

"CBO expects that economic growth will diminish to a pace that is well below the average seen over the past several decades," the report said, citing an aging population and a decrease in the rate of growth in the labor force.

Tuesday's report comes as Obama and Republicans in Congress are taking a respite in the budget wars that have periodically consumed Washington since Republicans took control of the House in 2011. The declining deficit numbers mean they could feel even less urgency to act now.

A December budget agreement and last month's follow-up spending bill could buy peace through November's midterm elections. Republicans also appear to be taking a less confrontational approach to legislation needed this month to increase the government's borrowing limit to avoid defaulting on its obligations.


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Re: CBO Forecasts that by 2017 over 2 Million will leave the job market due to Obamacare

Posted by Train Dude on Tue Feb 4 22:33:03 2014, in response to Re: CBO Forecasts that by 2017 over 2 Million will leave the job market due to Obamacare, posted by SelkirkTMO on Tue Feb 4 22:09:26 2014.

fiogf49gjkf0d
Please, just because you are a total fuck-up and blew your chance, don't begrudge all the others that got theirs. After all you do have that "huge" taxpayer funded pension of your own, don't you.

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Re: CBO Forecasts that by 2017 over 2 Million will leave the job market due to Obamacare

Posted by SelkirkTMO on Tue Feb 4 22:38:20 2014, in response to Re: CBO Forecasts that by 2017 over 2 Million will leave the job market due to Obamacare, posted by Train Dude on Tue Feb 4 22:33:03 2014.

fiogf49gjkf0d
Total fuckup ... I *love* your style ... all that talk about how they were going to bring your sorry ass back to the MTA to teach others to be bastards like yourself. What happened with that? LOL!

And I'm not a republican ... unlike yourself, I hope that EVERYBODY gets their pension, not just you.

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Re: CBO Forecasts that by 2017 over 2 Million will leave the job market due to Obamacare

Posted by The silence on Tue Feb 4 23:06:45 2014, in response to FALSE -Re: CBO Forecasts that by 2017 over 2 Million will leave the job market due to Obamacare, posted by italianstallion on Tue Feb 4 16:38:41 2014.

fiogf49gjkf0d
The BBC says otherwise

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Re: AP concurs: CBO Forecasts that by 2017 over 2 Million will leave the job market due to Obamacare

Posted by mcorivervsaf on Tue Feb 4 23:19:19 2014, in response to AP concurs: CBO Forecasts that by 2017 over 2 Million will leave the job market due to Obamacare, posted by Olog-hai on Tue Feb 4 22:18:47 2014.

fiogf49gjkf0d
Heh. 'Change', indeed! :(

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Re: AP concurs: CBO Forecasts that by 2017 over 2 Million will leave the job market due to Obamacare

Posted by LuchAAA on Tue Feb 4 23:19:53 2014, in response to AP concurs: CBO Forecasts that by 2017 over 2 Million will leave the job market due to Obamacare, posted by Olog-hai on Tue Feb 4 22:18:47 2014.

fiogf49gjkf0d
selkirk says it;s incorrect.

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Re: AP concurs: CBO Forecasts that by 2017 over 2 Million will leave the job market due to Obamacare

Posted by Olog-hai on Tue Feb 4 23:22:25 2014, in response to Re: AP concurs: CBO Forecasts that by 2017 over 2 Million will leave the job market due to Obamacare, posted by LuchAAA on Tue Feb 4 23:19:53 2014.

fiogf49gjkf0d
He's free to say it.

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Re: CBO Forecasts that by 2017 over 2 Million will leave the job market due to Obamacare

Posted by SMAZ on Tue Feb 4 23:26:56 2014, in response to Re: CBO Forecasts that by 2017 over 2 Million will leave the job market due to Obamacare, posted by cortelyounext on Tue Feb 4 21:06:14 2014.

fiogf49gjkf0d
Did you see my Afro Sheen post?

Why didn't you answer my post about your groundless fear of one Dan Lawrence?

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Re: AP concurs: CBO Forecasts that by 2017 over 2 Million will leave the job market due to Obamacare

Posted by SelkirkTMO on Tue Feb 4 23:28:31 2014, in response to Re: AP concurs: CBO Forecasts that by 2017 over 2 Million will leave the job market due to Obamacare, posted by LuchAAA on Tue Feb 4 23:19:53 2014.

fiogf49gjkf0d
No worries ... republicans keep clinging to trying to win the next election with Obamacare since it's all they've got. I hope they continue to stay on message. :)

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Re: CBO Forecasts that by 2017 over 2 Million will leave the job market due to Obamacare

Posted by italianstallion on Tue Feb 4 23:35:23 2014, in response to Re: CBO Forecasts that by 2017 over 2 Million will leave the job market due to Obamacare, posted by Train Dude on Tue Feb 4 22:01:52 2014.

fiogf49gjkf0d
Did you read the entire report?

How about the part where Obamcare will result in raising wages generally?

Or the part that the so-called insurance company bailout will save the govt. $8 billion?

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Re: AP concurs: CBO Forecasts that by 2017 over 2 Million will leave the job market due to Obamacare

Posted by italianstallion on Tue Feb 4 23:37:00 2014, in response to AP concurs: CBO Forecasts that by 2017 over 2 Million will leave the job market due to Obamacare, posted by Olog-hai on Tue Feb 4 22:18:47 2014.

fiogf49gjkf0d
Just lazy stupid reporting. The CBO report makes the truth quite clear.

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Re: CBO Forecasts that by 2021 work hours willm be reduced equal to 2 million F/T equivalent workers

Posted by SMAZ on Tue Feb 4 23:46:27 2014, in response to Re: CBO Forecasts that by 2021 work hours willm be reduced equal to 2 million F/T equivalent workers, posted by Train Dude on Tue Feb 4 21:13:25 2014.

fiogf49gjkf0d
I guess you missed the part about the employers who are expected to kick their employees from full time to part time status so that they don't have to provide coverage. Well what do they matter, anyway?

I guess you missed the part about what actually happened.

Turn off the radio.
Stick to trains
------------


The Myth That Obamacare Is Destroying Full-Time Jobs Just Got Debunked
Business Insider By Steven Perlberg

According to the BLS household survey, part-time jobs fell 594,000 in September while full-time workers were up 691,000.

This was one hopeful nugget in an otherwise lackluster jobs report.

Workers are considered to be "part time" if they work under 35 hours a week.

Earlier this summer, when part-time numbers looked like they might be on the rise, some speculated that the shift was due to the employer mandate in the Affordable Care Act.

Under Obamacare, employers will be required to offer health insurance or face penalties (the White House recently announced it will delay enforcement until 2015). Some companies have said they will reduce their full-time staff to below the 50-employee threshold as a result, or simply shave back full-timers' hours.

"If the health law were driving employers to cut employees’ hours, the most vulnerable workers would likely be those working just above the 30-hour cutoff," writes the Wall Street Journal's Ben Casselman. "That means the data would show a decline in those working 30 to 34 hours and an increase in those working less than 30 hours." He explains:

That isn’t what’s happening. The share of part-timers who say they usually work between 30 and 34 hours at their main job has been roughly flat over the past three years, at about 28%. (September data aren’t yet available.) If anything, it’s actually risen in the past year, though the change has been minor. The share working just under 30 hours has indeed risen somewhat, but the share working under 25 hours has fallen—suggesting that employers are giving part-timers more hours, rather than cutting full-timers’ hours back.

Put another way: If the Labor Department used the same definition of “part-time” as the health law, its data would show no increase in part-time work over the past year.

Check out the chart showing that part-time workers as a share of total workers has, if anything, actually gone down.




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Re: CBO Forecasts that by 2021 work hours willm be reduced equal to 2 million F/T equivalent workers

Posted by SelkirkTMO on Tue Feb 4 23:48:46 2014, in response to Re: CBO Forecasts that by 2021 work hours willm be reduced equal to 2 million F/T equivalent workers, posted by SMAZ on Tue Feb 4 23:46:27 2014.

fiogf49gjkf0d
He's always wrong ... yet he loves to point the finger at everybody else.

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Re: CBO Forecasts that by 2021 work hours willm be reduced equal to 2 million F/T equivalent workers

Posted by italianstallion on Tue Feb 4 23:48:57 2014, in response to Re: CBO Forecasts that by 2021 work hours willm be reduced equal to 2 million F/T equivalent workers, posted by SMAZ on Tue Feb 4 23:46:27 2014.

fiogf49gjkf0d
Great article, thanks.

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Re: CBO Forecasts that by 2017 over 2 Million will leave the job market due to Obamacare

Posted by italianstallion on Tue Feb 4 23:50:53 2014, in response to Re: CBO Forecasts that by 2017 over 2 Million will leave the job market due to Obamacare, posted by Olog-hai on Tue Feb 4 16:52:28 2014.

fiogf49gjkf0d
Maybe. But here's what Business Insider actually said:

"The CBO revised much of its outlook on the Affordable Care Act in a new report released Tuesday. It said that much of the loss would come from workers choosing to provide less labor, not from employers deciding not to hire workers because of the law."

Read more: http://www.businessinsider.com/cbo-report-obamacare-job-losses-2014-2#ixzz2sQ6cvp3J

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Re: CBO Forecasts that by 2021 work hours willm be reduced equal to 2 million F/T equivalent workers

Posted by SelkirkTMO on Tue Feb 4 23:50:54 2014, in response to Re: CBO Forecasts that by 2021 work hours willm be reduced equal to 2 million F/T equivalent workers, posted by SMAZ on Tue Feb 4 23:46:27 2014.

fiogf49gjkf0d
That's the whole thing, and always HAS been with part-time. You bring in part-timers when the economy is shit, train them, settle them in and when things pick up, they go to full time "according to the needs of the business" ... this is only news to idiot republicans, it's worked this way for the last two hundred years!

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Re: CBO Forecasts that by 2017 over 2 Million will leave the job market due to Obamacare

Posted by SelkirkTMO on Tue Feb 4 23:51:50 2014, in response to Re: CBO Forecasts that by 2017 over 2 Million will leave the job market due to Obamacare, posted by italianstallion on Tue Feb 4 23:50:53 2014.

fiogf49gjkf0d
He's already dismissed "Business Insider" as a communist plot.

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Re: CBO Forecasts that by 2017 over 2 Million will leave the job market due to Obamacare

Posted by italianstallion on Tue Feb 4 23:53:14 2014, in response to Re: CBO Forecasts that by 2017 over 2 Million will leave the job market due to Obamacare, posted by The silence on Tue Feb 4 23:06:45 2014.

fiogf49gjkf0d
They're Brits, what do they know? :-)

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Re: CBO Forecasts that by 2017 over 2 Million will leave the job market due to Obamacare

Posted by italianstallion on Tue Feb 4 23:56:08 2014, in response to Re: CBO Forecasts that by 2017 over 2 Million will leave the job market due to Obamacare, posted by The silence on Tue Feb 4 23:06:45 2014.

fiogf49gjkf0d
NYT:

The report did say that the law would reduce hours worked and full-time employment, but not because of a crippling impact on private-sector job creation. With the expansion of insurance coverage, the budget office predicted, more people will choose not to work, and others will choose to work fewer hours than they might have otherwise to obtain employer-provided insurance. The cumulative reduction of hours is large: the equivalent of 2.5 million fewer full-time positions by 2024, the budget office said.

The report “rightfully says that people shouldn’t have job lock,” said Senator Harry Reid of Nevada, the Democratic leader. “We live in a country where we should be free agents. People can do what they want.”

He continued: “Republicans talk about losing millions of jobs. That simply isn’t true.”

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Re: CBO Forecasts that by 2017 over 2 Million will leave the job market due to Obamacare

Posted by italianstallion on Tue Feb 4 23:57:37 2014, in response to Re: CBO Forecasts that by 2017 over 2 Million will leave the job market due to Obamacare, posted by Train Dude on Tue Feb 4 22:01:52 2014.

fiogf49gjkf0d
CBO Report:

‘no compelling evidence that part-time employment has increased as a result of the A.C.A.’

Who didn't read it now?



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Re: AP concurs: CBO Forecasts that by 2017 over 2 Million will leave the job market due to Obamacare

Posted by SMAZ on Tue Feb 4 23:57:45 2014, in response to AP concurs: CBO Forecasts that by 2017 over 2 Million will leave the job market due to Obamacare, posted by Olog-hai on Tue Feb 4 22:18:47 2014.

fiogf49gjkf0d
yep.

2 million people too young for Medicare will finally get to give the finger to their boss and retire with health insurance and be replaced by currently unemployed younger people looking for a job.

Only in conservative RetardoLand is this a bad thing.

Too bad the survey doesn't also include the millions of more people who will leave their jobs and start their own business knowing that they, their spouses and children will no longer need their hated former employer just to physically stay alive.

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Re: AP concurs: CBO Forecasts that by 2017 over 2 Million will leave the job market due to Obamacare

Posted by italianstallion on Wed Feb 5 00:03:53 2014, in response to AP concurs: CBO Forecasts that by 2017 over 2 Million will leave the job market due to Obamacare, posted by Olog-hai on Tue Feb 4 22:18:47 2014.

fiogf49gjkf0d
Do you understand that "fewer on the job" is not the same as "fewer jobs?"

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Re: CBO Forecasts that by 2017 over 2 Million will leave the job market due to Obamacare

Posted by bingbong on Wed Feb 5 00:06:02 2014, in response to Re: CBO Forecasts that by 2017 over 2 Million will leave the job market due to Obamacare, posted by italianstallion on Tue Feb 4 23:56:08 2014.

fiogf49gjkf0d
Sen.Reid is correct. Add to that the typical change-denial of the RW, and you blather about lost jobs when the actual result is changed jobs, but jobs nonetheless.

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