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February 24, 2014

Former CBO Director Douglas Holtz-Eakin Explains How 'Obamacare is a Job Killer' (Video)

Topics: Political News and commentaries

Holtz-Eakin has previously spelled it out in simple terms ... it ain't rocket science - it's basically Economics 101 and common sense, and one would think that even progressives and the progressive-shilling media would 'get it' and give up on those embarrassing efforts to spin ("... the finest, most rarified examples of spin the political universe has been privy to in some time, a veritable windfall for consumers of political discourse who enjoy observing painful rhetorical contortions") the CBO report as a "good thing." Nonetheless here Holtz-Eakin puts it in a nutshell:

Via The Washington Free Beacon:

Former Congressional Budget Office (CBO) Director Douglas Holtz-Eakin said the latest CBO report does in fact say Obamacare will destroy millions of jobs.

Holtz-Eakin, who is now president of the American Action Forum, released a video on Monday debunking the notion that Obamacare has the benefit of "liberating" 2.5 million Americans from the workforce.

"If we had a policy that raised wages by taxing labor and it got rid of 2.5 million jobs, we would say we killed 2.5 million jobs," Holtz-Eakin said. "If we had a mandate that made it more expensive to employ people, raise the effective wage for employers, we would say we killed off 2.5 million jobs with that mandate."

"In this case the [Affordable Care Act] has effectively killed off 2.5 million jobs; it is just an indirect effect," he said. "The fact that people have the option of retiring means that the ACA has an implicit tax on labor. Employers have to pay higher wages in order to lure people from their homes into the workplace. Those higher wages make 2.5 million jobs unprofitable for employers to offer. And the ACA tax kills off the jobs."

"When you hear this controversy about killing jobs versus retiring, remember the economics are the same and the ACA is at the root of us losing 2.5 million jobs, the income those 2.5 million jobs produce, and the tax base that will go along with it," Holtz-Eakin said.

More here ...

Meanwhile, thanks to the ACA, the Obama administration's other disastrous policies and agendas, and the blind support of his fellow Dems, we're moving closer and closer to a time when the makers, shakers and producers are far outnumbered by the takers, Already, government assistance is at an all time high and our nation is edging ever-closer to a fiscal death spiral. Regardless of how liberals choose to spin it, government's revenue comes from taxpayers ... and the number of taxpayers continues to shrink (now at 43% and continuing to decline). Sooner, rather than later, the government is going to run out of other peoples' money ... and the ACA (juxtaposed with ever-increasing government handouts and entitlements (which Obama and his fellow Dems refuse to reform) continues to move us toward that end.

And as for the liberal's argument that the CBO report is actually good news ... even the very liberal Dana Milbank at the very liberal WaPo ... just isn't buying it.

Related: The minimum wage hike is also a job killer:

Related: Obamacare Medical Device Tax Killed 33,000 Jobs

Posted by Hyscience at February 24, 2014 2:35 PM



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