Demonomics

This week the big story was the tag end of the old JournoList gang trying to spin gold out of the dross of the Congressional Budget Report. The CBO report projected that by 2021 under ObamaCare more than 2 million full-time workers will find it financially advisable to quit work entirely or switch to part-time jobs in order to get more subsidies for healthcare insurance. To most of us who studied real economics or just paid attention to human nature, subsidizing indolence means you’ll get more of it.

But to the airheads on the left and their JournoList spinmasters — the very people who believed in their hearts that young, healthy workers would willingly pay more for their health insurance to subsidize older, sicker Americans and learned nothing from the failure of that prediction, this devastating CBO report spelled out a wonderful new world of possibilities for American workers at the bottom rungs.

1. Job Lock

Working their dreidels overtime, the gang argued that the CBO report was going to end job lock — long a Republican goal — but as “Ignatz” posted on Just One Minute: “I believe the Republican idea was to decouple insurance from employment, not decouple the employee from employment”

Nancy Pelosi, the JournoList band leader on this less-is-more score taunted: “The GOP seems to have forgotten that ending ‘job-lock; has been an avowed Republican goal for years — even a highlight in the Republican Sen. John McCain’s 2008 presidential race.” Her claim was a gross misrepresentation:

“Job-lock” itself is a different problem. Instead of effectively paying people to work less, as Obamacare does, conservative proposals would end federal preferences for employer-based insurance, allowing Americans to take insurance with them from job to job. People would not be stuck with a specific employer because they want to stay insured.

Read more from this story HERE.