The father of modern liberalism, FDR, never disputed this. As he warned in 1935, welfare is “a narcotic, a subtle destroyer of the human spirit.”
The Congressional Budget Office did not exactly say Obamacare would cost the nation 2.5 million jobs.
But what it did say is vindication of what conservatives have preached since Barry Goldwater stood in the pulpit 50 years ago:
The more liberal the welfare state, the greater the disincentive to work and the more ruinous the impact upon a nation’s work ethic.
The CBO has just given us a statistical measure of that truth.
The Obamacare subsidies, it said, will cause some to quit work, others to cut back on the hours they work, and others to hold off going to work, so as not to lose the benefits.
The cumulative impact of all these decisions will be equal to the loss of 2.5 million jobs by 2024. A devastating blow to an economy where the labor force participation is at a 30-year low.
The CBO has put a number of what everyone knows to be true: If people don’t have to work to provide the needs of their daily lives, some will drop out and become permanent charges on the public purse, deadbeats.
The father of modern liberalism, FDR, never disputed this. As he warned in 1935, welfare is “a narcotic, a subtle destroyer of the human spirit.”
This used to be called common sense. Growing up, we all knew or read that those who inherited great wealth often ended up never holding a “real job” and spent their days in a life of self-indulgence.
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