The Congressional Budget Office did not exactly say Obamacare would cost the nation 2.5 million jobs.
But what it did say is vindication of what conservatives have preached since Barry Goldwater stood in the pulpit 50 years ago:
The more liberal the welfare state, the greater the disincentive to work and the more ruinous the impact upon a nation's work ethic.
The CBO has just given us a statistical measure of that truth.
The Obamacare subsidies, it said, will cause some to quit work, others to cut back on the hours they work, and others to hold off going to work, so as not to lose the benefits.
The cumulative impact of all these decisions will be equal to the loss of 2.5 million jobs by 2024. A devastating blow to an economy where the labor force participation is at a 30-year low.
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DelMarVa's Premier Source for News, Opinion, Analysis, and Human Interest Contact Publisher Joe Albero at alberobutzo@wmconnect.com or 410-430-5349
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