Blog Credo

The whole aim of practical politics is to keep the populace alarmed (and hence clamorous to be led to safety) by menacing it with an endless series of hobgoblins, all of them imaginary.

H.L. Mencken

Tuesday, February 4, 2014

CBO Derpitude

The Congressional Budget Office released a report that shows that many Americans will likely work fewer hours and move to more part time jobs, as they no longer have to work more than they would prefer in order to keep health coverage.

This report - being a nuanced and subtle thing - has led to the derpitude from the press that one might expect.

If, as the report suggests, this will lead to more early retirements and people working fewer hours, it could drive wages up.  It could also open opportunities for younger workers to move into jobs vacated by those holding on to health insurance.

But in the brain dead world of today's media, it's a bad thing for workers.

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