A bit of a late Sunday night musing, but couldn’t let this one go. The Star Ledger’s Kathleen O’Brien offers “Obamacare tax pitfalls: Two scenarios“. Here’s the first
Q. Let’s say you’re a single, 27-year-old who works at a pizzeria. At the time you apply for Obamacare, you’re making $15,900 a year. Halfway through 2014, you land a job as a graphics artist that doesn’t have benefits, but you double your salary to $31,800. Thrilled by your change of fortune, you forget to update the federal insurance website. What financial impact will that have?
The very fact that anyone would even consider writing that first part as a viable scenario tells you all you need to know about the Obama presidency and how pitiful the economy is under his stewardship.
[…] Not to mention all of the people losing their policies, or the marriage penalty, or the penalty for getting a raise or a better job, or any of the other penalties. This is the big, centralized government they promised us, and now […]
COSTELLO: I want to talk about the unemployment rate in the U.S.A.
ABBOTT: Good Subject. Terrible Times. It’s 7.8%.
COSTELLO: That many people are out of work?
ABBOTT: No, that’s 14.7%
COSTELLO: You just said 7.8%.
ABBOTT: 7.8% Unemployed.
COSTELLO: Right 7.8% out of work.
ABBOTT: No, that’s 14.7%.
COSTELLO: Okay, so it’s 14.7% unemployed.
ABBOTT: No, that’s 7.8%.
COSTELLO: WAIT A MINUTE. Is it 7.8% or 14.7%?
ABBOTT: 7.8% are unemployed. 14.7% are out of work.
COSTELLO: If you are out of work you are unemployed.
ABBOTT: No, the Government said you can’t count the “Out of Work” as the unemployed. You have to be looking for work to be unemployed.
COSTELLO: BUT THEY ARE OUT OF WORK!!!
ABBOTT: No, you miss his point.
COSTELLO: What point?
ABBOTT: Someone who doesn’t look for work can’t be counted with those who do look for work. It wouldn’t be fair.
COSTELLO: To whom?
ABBOTT: The unemployed.
COSTELLO: But ALL of them are out of work.
ABBOTT: No, the unemployed are actively looking for work. Those who are out of work gave up looking and if you give up, you are no longer in the ranks of the unemployed.
COSTELLO: So if you’re off the unemployment rolls that would count as less unemployment?
ABBOTT: Unemployment would go down. Absolutely!
COSTELLO: The unemployment just goes down because you don’t look for work?
ABBOTT: Absolutely it goes down. That’s how they get it to 7.8%. Otherwise it would be 14.7%. Our govt. doesn’t want you to read about 14.7% unemployment.
COSTELLO: That would be tough on those running for re-election.
ABBOTT: Absolutely!
COSTELLO: Wait, I got a question for you. That means there are two ways to bring down the unemployment number?
ABBOTT: Two ways is correct.
COSTELLO: Unemployment can go down if someone gets a job?
ABBOTT: Correct.
COSTELLO: And unemployment can also go down if you stop looking for a job?
ABBOTT: Bingo.
COSTELLO: So there are two ways to bring unemployment down, and the easier of the two is to have people stop looking for work.
ABBOTT: Now you’re thinking like an Economist.
COSTELLO: I don’t even know what the hell I just said!
ABBOTT: Now you’re thinking like the Government.
I’d say “LOL!”, but the truth is that it is sad due to being true.
Going to have to steal that for a post
That is the best explanation of Govt statistics, — ever. Thanks Trish.
Welcome, got it from a bro in law. Steal away WT! There ought to be more to explain the rest of Obama’s scandals…always lies and always “mis-speaks” about every piece of dung they do!
[…] a thread over at the Pirate’s Cove, a regular commenter by the name of “Trish Mac” posted this gem she says was forwarded […]
[…] to Trish in the comments for this […]
[…] a thread over at the Pirate’s Cove, a regular commenter by the name of “Trish Mac†posted this gem she says was forwarded to her […]