White House pinch spokesman Jason Furman spent much of today’s press briefing dealing with the Congressional Budget Office’s report on Obamacare and its impact on the economy. Briefly, the CBO finds that Obamacare will slow the economy, it will contribute massively to making the deficit worse, and it creates enough disincentives that we will end up with about 2.5 million fewer workers. Effectively, that’s 2.5 million full-time workers who won’t be working.
None of these are good things. The Democrats from Obama down promised much the opposite of what the CBO finds. They promised that Obamacare would be deficit-neutral and then save money. Pelosi promised that it would create 4 million jobs, 400,000 almost immediately after it was passed.
So today, Furman got the task of looking like Fred Flintstone while crafting patently ridiculous arguments that Obamacare’s disincentives to work are good things.