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A new analysis from the Congressional Budget Office says that the Affordable Care Act will result in more than 2 million fewer full-time workers in the next several years, providing Republican opponents of the law a powerful political weapon leading up to this year’s midterm elections.
The law is also expected to have a significant effect on hours worked, the nonpartisan budget office said in a regular update to its budget projections released Tuesday. With the expansion of insurance coverage, more workers will choose not to work and others will choose to work fewer hours than they might have otherwise, it said. The decline in hours worked will translate into a loss of the equivalent of 2.5 million full-time positions by 2024, the budget office said. http://www.nytimes.com/2014/02/05/us...ment.html?_r=0
So the CBO is right when they tell you what you want to hear, that Obamacare will result in fewer jobs, but when they state Obamacare will result in reduced deficits and healthcare spending they are dirty filthy Liberal scum.
So the CBO is right when they tell you what you want to hear, that Obamacare will result in fewer jobs, but when they state Obamacare will result in reduced deficits and healthcare spending they are dirty filthy Liberal scum.
Okay, believe what you want I guess.
We can actually see the loss of jobs today. The rest is just rhetoric.
"CBO estimates that federal debt held by the public will equal 74 percent of GDP at the end of this year and 79 percent in 2024 (the end of the current 10-year projection period). Such large and growing federal debt could have serious negative consequences, including restraining economic growth in the long term, giving policymakers less flexibility to respond to unexpected challenges, and eventually increasing the risk of a fiscal crisis (in which investors would demand high interest rates to buy the government’s debt). "
Interesting, page 123...net demand by employers is not expected to go down, but expected to increase, however supply per person is expected to drop as people cut their hours because they can go on the exchange for health coverage not affected by their hours at their employer. While the effect per person would decrease, other people would take up those hours so the overall effect on empoyment will be muted. This estimate is substansionally uncertain the opinion of the CBO because nothing like this has ever been done.
Interesting when you read the actual report, and not the spin some one puts on it. Thanks.
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