It’s not that fewer Americans are searching for work. There are, to put it simply, less of us who want to work and to produce, and even among those of us who still want to work and produce, many of us are choosing to work fewer hours and to produce less.
And the reason for this is simple: because of the generous federal entitlements provided in the new “Obamacare” law.
According to none other than the Congressional Budget Office, many of us have decided we no longer will have to work as much as we once did, given all the “assistance” we can get via Obamacare.
This is not just political “spin” or partisan punditry. It comes directly from Douglas Elmendorf, the Director of the non-partisan C.B.O., a federal agency within the legislative branch of our government that employs people to analyze government policies, and consider their impact on the federal budget, and on the economy. The C.B.O. likely produces some of the most objective, “fair,” and non-politicized data that we receive from our government.
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