sbayhills wrote:The CBO states that over the next 10 year period, the effects of Obamacare is that we will lose jobs, and our economy will be slowed down."
Omar Bongo wrote:No, it doesn't. Provide a quote or stop spreading lies.
Health-care law will prompt over 2 million to quit jobs or cut hours, a CBO report says
More than 2 million Americans who would otherwise rely on a job for health insurance will quit working, reduce their hours or stop looking for employment because of new health benefits available under the Affordable Care Act, congressional budget analysts said Tuesday.
On Tuesday, few Democrats publicly defended the law, a sign that lawmakers recognize its vulnerability. In its report, the CBO said severe technical problems during the October rollout of the HealthCare.gov Web site will sharply curtail enrollment this year.
But the report also contained a setback for the White House. The CBO predicts that the economy will have the equivalent of 2.3 million fewer full-time workers by 2021 as a result of the law — nearly three times previous estimates.
After obtaining coverage under the health-care law, some workers will choose to forgo employment, the report said, while others will voluntarily reduce their hours. That is because insurance subsidies under the law become less generous as income rises, so workers will have less incentive to work more or at all.
The design of the subsidies — like many programs in the social safety net — represents “an implicit tax on additional work,” CBO Director Douglas Elmendorf said.
Health-care law will prompt over 2 million to quit jobs or cut hours,...
The reaction to the CBO study is an example of how willfully stupid — there’s no other word — the debate over Obamacare has become. Opponents don’t look to a painstaking analysis for enlightenment. They twist its findings and turn them into dishonest slogans."
A completely partisan comment.
And yet completely accurate. Isn't it ironic?
For someone to be so willfully partisan to see things only the way they want to makes them lose credibility.
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