Showing posts with label Report. Show all posts
Showing posts with label Report. Show all posts

Sunday, February 9, 2014

Conservatives Seize On Report To Argue Obamacare Is A Job Killer But The Author Says They're Wrong

Congressional Budget Office (CBO) Director Doug Elmendorf
On Wednesday, Congressional Budget Office (CBO) director Doug Elmendorf refuted the claim that the Affordable Care Act is a job killer a misleading takeaway from his agency’s new report that is being touted by Obama care critics.
Testifying before the House Budget Committee on the CBO’s newly released economic projections for the next decade, Elmendorf addressed the report’s finding that the Affordable Care Act will reduce the labor participation rate and the total number of hours worked by an equivalent of 2 million jobs in 2017. According to Elmendorf, that statistic is being taken out of context to suggest that Obama care will eliminate jobs.
“The reason we don’t use the term ‘lost jobs’ is there is a critical difference between people who like to work and can’t find a job or have a job that’s lost for reasons beyond their control and people who choose not to work,” he explained. “If someone comes up to you and says, ‘The boss says I’m being laid off because we don’t have enough business to pay,’ any other person feels bad about that and we sympathize for them having lost their job. If someone says, ‘I decided to retire or stay home and spend more time with my family and spend more time doing my hobby,’ they don’t feel bad about it they feel good about it. And we don’t sympathize. We say congratulations.”
Even Budget Committee Chairman and former GOP vice presidential nominee Paul Ryan conceded that point in part. “Just to understand, it is not that employers are laying people off,” said Ryan at the beginning of the hearing.
In fact, the CBO report explicitly states that the estimated reduction in labor “stems almost entirely from a net decline in the amount of labor that workers choose to supply, rather than from a net drop in businesses’ demand for labor” and that “there is no compelling evidence that part-time employment has increased as a result of ACA.” Those notions are further supported by economic data on full- and part-time employment trends over the last several years. Simply put, the report finds that Obama care will reduce the number of people who are forced to work a job merely for the sake of health insurance.
Elmendorf also noted that the ACA is actually expected to boost the economy in the near-term by making health insurance and medical care affordable for the poorest Americans, giving them the freedom to spend money in other areas of the economy. “On balance, CBO estimates that the ACA will boost overall demand for goods and services over the next few years,” states the report.

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Thursday, February 6, 2014

As Keystone Decision Looms, Buried Report Cites TransCanada Inadequate Pipeline Inspections

Just weeks after a TransCanada natural gas pipeline exploded and left thousands of residents without gas in sub-zero temperatures, a CBC News investigation uncovered a 2011 report, buried by federal regulators, that criticized the company “for ‘inadequate’ field inspections and ‘ineffective’ management.”
The report was prepared in the aftermath of another TransCanada natural gas pipeline explosion — a 2009 blast on Dene Tha’ First Nation territory in northern Alberta. It found that the pipeline in question, the Peace River Mainline, had a rupture rate five times higher than the national average and, when it burst in 2009, that particular section was 95 percent corroded.
The report wasn’t released until this January when the CBC obtained it, an oversight the National Energy Board chalked up to an “administrative error.”
The timing of the error is particularly questionable, the CDC notes, considering the fact that in early 2011, “TransCanada was in the midst of negotiating dozens of U.S. safety requests on pipeline construction, operation and design on the controversial Keystone XL proposal.”
TransCanada is still awaiting a decision on its contentious Keystone XL proposal. After the U.S. State Department released its final environmental impact statement last week, it is now up to President Obama to determine whether the pipeline is in the best interest of the country.
Oil began flowing through the southern leg of the pipeline in January and TransCanada CEO Russ Girling called it...
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