By Tom Quiner
The Congressional Budget Office (CBO) is one of the most infuriating agencies in Washington.
Why? Because they are bipartisan. They crunch data to determine the effect Washington policies will have on the nation. They systematically rile up both political parties at some time or other when the data doesn’t produce the results they expected.
They’ve certainly riled me up before.
Today, they have really agitated Democrats with their sour prediction on upcoming job losses due to Obamacare. As the Wall Street Journal wrote this morning:
“On Tuesday no less than the Congressional Budget Office reported that the health law is causing Americans to work less or not at all, in a remarkable intellectual turnabout for the budget shop that Democrats cited repeatedly when selling ObamaCare. Now CBO—full of liberal-leaning economists—says the economy will lose the equivalent of two million full-time workers by 2017 and 2.5 million over the next decade, a threefold increase over its prior estimate.”
Obamacare simply creates perverse incentives for certain people not to work in order to get cheaper health insurance. The original estimates based on pie-in-the-sky numbers Democrats fed the CBO estimated the loss would be 800,000 jobs. Now that they’re dealing with real numbers based on the Obamacare rollout, they reveal that the number of people who will choose not to work will be much more.
So to recap, Democrats promised Obamacare would reduce the cost of health care. They were wrong.
Democrats promised Obamacare would shrink the deficit. They were wrong.
Democrats promised we could keep our existing health insurance plans and doctors under Obamacare. They lied.
Democrats promised that with Obamacare businesses would hire more people. They were wrong.
In light of all of these false promises and lies, doesn’t it make sense to scrap the system and start over?