The Congressional Budget Office has released its latest ObamaCare report. CNBC reports, “A historically high number of people will be locked out of the workforce by 2021.” Why? “President Barack Obama‘s signature health-care law will contribute to this phenomenon, the CBO said, citing new estimates that the Affordable Care Act will cause a larger-than-expected reduction in working hours—eliminating the equivalent of about 2.3 million workers in 2021.
[W]orkers will choose to supply less labor–given the new taxes and other incentives they will face and the financial benefits some will receive…
The CBO unintentionally confirms something else besides the hollowing out of the American labor pool. Two million more workers will be sidelined and “almost entirely because workers will choose to supply less labor–given the new taxes and other incentives they will face and the financial benefits some will receive” [emphasis added].
Simply put: people will either choose to work less because of the burdens of taxation and expense of ObamaCare or will be content to sit back and take a government check. If doing for one’s self is the essence of the American spirit, then this study is not a mere observation of distortions due to government incentives. This study shows ObamaCare is nothing short of the killing of the American spirit.