Caution: You’re Entering The Spin Zone

Caution: You’re Entering The Spin ZoneSo here’s the deal, as first reported yesterday:

The
new healthcare law will cost the nation the equivalent of 2.5 million
workers in the next decade, the Congressional Budget Office (CBO)
estimated in a report released Tuesday.

The
nonpartisan agency found the reform law’s negative effects on
employment would be “substantially larger” than what it had previously
anticipated.

It said the equivalent
of 2.3 million workers would be lost by 2021, compared to its previous
estimate of 800,000, and that 2.5 million workers would be lost by 2024.
It also projected that labor force compensation would be reduced by 1
percent from 2017 to 2024 — twice its previous estimate.

But let me be clear: this is good news; you don’t have to work as hard anymore! Or at all, if you “choose” not to.

The
report predicted more people would leave the workforce because of lower
wages, and be slower to return because they would want to keep their
healthcare insurance subsidies.

That’s right, we’re all going Greek.