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February 6, 2014

Leftism’s Central Tenet

Non-work: The American Dream.

“[B]y providing heavily subsidized health insurance to people with very low income and then withdrawing those subsidies as income rises, the [UnAffordable Care] Act creates a disincentive for people to work,” CBO Director Douglas Elmendorf told Congress Wednesday. Furthermore, he said, that reduced labor participation “is the central factor in slowing economic growth.” Elmendorf’s testimony came just a day after the CBO’s bombshell report on the detrimental economic effects of ObamaCare. In short, the law’s subsidies create an incentive for people to reduce work hours or avoid full-time jobs that would move their income out of subsidy range. For some, earning $1 more could cost up to $20,000 more for insurance. The administration still insists this isn’t a bug; it’s a feature. Jay Carney says now families can “make a decision about how they will work, and if they will work.” All while the people who do work subsidize the people who choose not to. Ain’t socialism grand?

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