CBO Report: Obamacare will cost 2.5 million jobs & increase deficit by $1 trillion

[Acebb]

This isn't at all surprising to anyone who understands these issues:

The new healthcare law will slow economic growth over the next decade, costing the nation about 2.5 million jobs and contributing to a $1 trillion increase in projected deficits, the Congressional Budget Office said in a report released Tuesday.

http://thehill.com/blogs/on-the-money/budget/197365-cbo-o-care-slowing-growth

The Washington Post also notes today that since the Obama Administration can't build a functioning Web site, signups are 1 million fewer

http://www.washingtonpost.com/busin...8577d0-8dac-11e3-98ab-fe5228217bd1_story.html

:aktion033

Yeah, Obama!
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[russ1945]

The O'Reilly interview exposed Obama for the fraud he is. He would not accept blame for Obamacare and no one has been held accountable. There is no accountability in this administration, none. Transparency = seeing right through Obama and his administration for what it is. Some day it will be referred to as the Obamaflop.

 

[schiff]

Just more democratic voters who will be in need of handouts. It's what this clown wants. To destroy this economic system. Have two classes, rich and poor.

 

[Dave007inVegas]

The O'Reilly interview exposed Obama for the fraud he is. He would not accept blame for Obamacare and no one has been held accountable. There is no accountability in this administration, none. Transparency = seeing right through Obama and his administration for what it is. Some day it will be referred to as the Obamaflop.

Russ, what repercussions if any do you think the O'Reilly interview will cause? I suspect none.

The only thing standing between Obama and the fundamental change he desired is the House and I don’t see a willingness on their part to stop anything.

The debt ceiling is fast approaching once again. Will the house raise it? Of course it will. And when it comes time to raise it again there will be much blather about how we can’t keep raising it but we will. So much for having the majority.

With very few exceptions our elected officials are concerned with one thing and one thing only, reelection.

I used to think Ryan was a smart and principled guy. I still think he smart but the principled part has sailed with the budget he and Murray put together. What the budget deal did was to only postponed the inevitable.

I really believe that the Congress believes an economic collapse won’t affect them in the least.

 

[Acebb]

And, about 31 million non-elderly residents of the United States are likely to be without health insurance in 2024.

What a great law this ACA is!

 

[ScottL]

Obama Sucks!

 

[russ1945]

Dave just think about it. Obama finally agrees to go on Fox. When, on the day of the Super Bowl when it has it's largest viewing. What did he communicate, not much except arrogance and indignation. O'Reilly called him out for the fact that this administration has no accountability. Obama played dodge ball and blamed Fox for fanning non-existent fires. Anyone who could not see Obama for what he is after that interview either drinks the kool aid or lives in lala land. It may not have affected those not aware of what a fraud Obama is but it did rekindle the contempt that many have for Obama and his administration on many levels. As far as repercussions go you are probably right on the immediate level. However, he is beginning to lose his hold on independents and that is important. That could affect Democrats as a whole. Anything he does to expose himself for what he is works against him in the long run. In the long run when all is said and done he will be the worst POTUS in our history. Obama care will have bit the dust and when he is out of office so many books and articles will be written that will expose him even further. He may or may not know it but he is on a down hill run. The transparency he promised may not occur until he leaves office and he ain't gonna like it.

 

[akphidelt]

The CBO report actually says they expect FTE's to drop to the equivalent of 2.5 million jobs. That does not mean 2.5 million jobs will be lost. But I highly doubt any of you will understand that.

 

[GasMan]

Got a graph so us dumb people can understand what dropping 2.5 million jobs means?

 

[SheriffJoe]

Got a graph so us dumb people can understand what dropping 2.5 million jobs means?

He'll say absolutely anything to keep The Welfare Party in power.

 

[akphidelt]

Got a graph so us dumb people can understand what dropping 2.5 million jobs means?

Its not 2.5 million jobs it's the equivalent of 2.5 million jobs in FTE's. Meaning people can choose to work less, can choose not to work at all, etc. It does not mean companies are going to cut 2.5 million employees

 

[akphidelt]

He'll say absolutely anything to keep The Welfare Party in power.

I just wish we can do what Reagan did!!

 

[The Guesser]

Its not 2.5 million jobs it's the equivalent of 2.5 million jobs in FTE's. Meaning people can choose to work less, can choose not to work at all, etc. It does not mean companies are going to cut 2.5 million employees

No chart needed. This article explains it very well for those who aren't low information voters and can't get beyond a misleading or incomplete soundbite or headline. http://www.washingtonpost.com/blogs...d-not-say-obamacare-will-kill-2-million-jobs/

 

[SheriffJoe]

Its not 2.5 million jobs it's the equivalent of 2.5 million jobs in FTE's. Meaning people can choose to work less, can choose not to work at all, etc. It does not mean companies are going to cut 2.5 million employees

By subsidizing low earners and expanding Medicare to the poor, it becomes yet another welfare state incentive for said 2.5 million employees not to work.

Only a flaming liberal would rejoice in something like that.

 

[akphidelt]

By subsidizing low earners and expanding Medicaid to the poor, it becomes yet another welfare state incentive for said 2.5 million employees not to work.

Only a flaming liberal would rejoice in something like that.

Yes, affordable healthcare is something "flaming liberals" rejoice about. You guys clap when people die because they can't afford healthcare. Sad.

 

[SheriffJoe]

Yes, affordable healthcare is something "flaming liberals" rejoice about. You guys clap when people die because they can't afford healthcare. Sad.

Yes, because inviting 2.5 million people to quit their jobs is GREAT for the economy! Let's see how small we can shrink the labor force before the wheels completely fall off the economy.

Only in Libtard Nation! hno:

 

[akphidelt]

Yes, because inviting 2.5 million people to quit their jobs is GREAT for the economy!

Only in Libtard Nation! hno:

Yes, people being able to retire or take care of their family since they have healthcare is such a horrible thing to do. We are monsters.

 

[SheriffJoe]

Yes, people being able to retire or take care of their family since they have healthcare is such a horrible thing to do. We are monsters.

So the government paying people to stay home and do nothing is a social good? lol

If the labor force shrinks because of these backward government incentives, how does that impact your "demand-side" econ theories?

 

[akphidelt]

So the government paying people to stay home and do nothing is a social good? lol

If the labor force shrinks because of these backward government incentives, what does that do to your "demand-side" econ theories?

The government isn't paying them. They have affordable healthcare that they can afford. And what does the labor force matter when our current labor force can't even reach full employment?

 

[SheriffJoe]

The government isn't paying them. They have affordable healthcare that they can afford. And what does the labor force matter when our current labor force can't even reach full employment?

It can't/won't EVER reach full employment because of statism run amok...policies like these. See also France and every welfare state with perma-double digit unemployment.

And btw, if people quit their jobs, that is less "aggregate demand" no matter how you spin or justify it, which runs contrary to everything you preach - more proof of what a political hack fraud you are.

I guess we'll need a bigger 'stimulus' to offset that decrease in consumer spending, right? face)(*^%