From a solely material perspective, which is the only perspective that the government ought to consider, there is nothing wrong in our body politic that can’t be made at least a little better with more jobs.
But of course, as we learned last week, the Obama administration, Harry Reid and the rest of the secular rabble known as the progressive left don't want more jobs. For them jobs are a nuisance, jobs are a hindrance, jobs are the enemy.
“The Congressional Budget Office (CBO) on Tuesday said that the Affordable Care Act will contribute to the equivalent of 2 million workers out of the labor market by 2017,” reports Yahoo’s Business Insider, “as employees work fewer hours or decide to drop out of the labor force entirely.”
"CBO projections during the health care reform debate seemed to significantly underestimate the negative impact of Obamacare," says Senator Pat Roberts of Kansas, "and because of those projections, supporters were able to jam it through by one vote. Everybody knows about that vote. And now the American people have to pick up the tab on the CBO's errors....Was this political? Were the books cooked? CBO needs to take responsibility for the differences between their projections and the most recent updates."
The crux of the issue is that Americans will have to work fewer hours to keep their healthcare and welfare benefits. By the reckoning of the CBO it's the equivalent of losing 2.3 million jobs or more. Democrats are celebrating the reduction, noting that it will give workers more free time.
Because that's what unhappy people need: more free time.
With due respect to Harry Reid, Barack Obama, the CBO and other great priests of the Do-Nothing State, providing more leisure time for people to pursue hobbies like, oh, protesting Broadway Joe’s fur coat, occupying houses they didn’t pay for, or erecting a monument to Satan in Oklahoma City, might not be the best way to find our way out of the crisis of confidence that these priests have put us in
Idle hands, as they say, are the Devil’s playground.
New Time 11:20 AM PT: Get the Market Movements in Advance: William's Edge Webinar for Thursday April 17th, 2014 | John Ransom
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New Time 11:20 AM PT: Get the Market Movements in Advance: William's Edge Webinar for Thursday April 10th, 2014 | John Ransom