Entitlement Death Spiral
February 5, 2014
Yesterday’s CBO report has started a firestorm here in DC, with most of it focused on the portion that says Obamacare will result in 2 million fewer workers by the year 2017. That’s certainly an eye-opening number, and it adds to the long list of reasons why the health reform effort is deeply unpopular.
The White House was quick to respond by pointing out that those 2 million lost jobs are the result of workers voluntarily leaving the workforce – rather than employers cutting jobs — but we’re not sure that makes much difference. Either way, the …