Tuesday, February 4, 2014

Getting only what you ask for

The Right Wing is smacking their lips over a new CBO estimate that 2 million Americans will give up full time work in order get government subsidies for healthcare.

Time for some simple economic math. To begin with most low paid workers don't have any real say about how many hours that they work. If you have a fulltime job, you will show up for that job, or have no job at all. So that's nonsense on the face of it.

Then there is the effect on unemployment. If 2 million people actually work less, that opens up jobs for people who don't have one in order for employers to get the work done. Over all it's a wash at worst, or you could say putting the long term unemployed back into the workforce is a good thing. And if there's not enough workers to easily replace those who 'choose' to work less, then employers will need to pay higher wages to attract them. This is also good for the economy.

A small note on CBO reports, the Republicans that control the House have become adept at crafting report criteria for the CBO that gets them the report that they want to see. This became evident with the so-called IRS scandal. The Republicans made it appear that Tea Bag groups were singled out for IRS scrutiny by requiring that the CBO only review the cases of Tea Bag groups and no others. All in a days work for the enemies of the United States of America.

Twitter @BruceEnberg - where Conservatives get all the things that they didn't ask for.

3 comments:

Dave said...

What if there were no government subsidies for healthcare? What if there weren't even doctor-bills?

You'd have to have a system where some centralized, called a. . .a . . .whatsitcalled? Anyway that thing could administer or at least pay for healthcare for all. The money would come from everyone paying a little into the system.

Never mind. . .no one has ever done this kind of thing. It could never work.

Roman Law said...

Republicans mis-calucating again. With no alternative to the ACA they are building a house made from match sticks.

All it takes to burn their house down will be one spark.

Anonymous said...

Last year the CBO released a report on the Earned Income Tax Credit. My right wing brother claimed it reported how the tax credit was full of abuse and fraud. It was a program started during the Reagan Administration. In order to qualify for a low income tax credit one has to earn a wage, have a child dependent, file a tax return, the employer and individual post to the IRS a form W-2. My brother worked as an H and R tax preparer. The mentioned CBO report is readily available from the US Congress website and no mention of fraud or abuse is in the report. It does mention since President Obama was elected more eligable low income are applying for the credit and there are more low income people with child dependents are in the workforce. To people like my brother facts cannot get in the way of their prejudces and mistaken opinions.