He and his Rats are shovel-ready for the dustbin of history.
Posted on 02/15/2011 6:47:33 PM PST by pissant
CNSNews.com) – On the same day that House Democratic Leader Nancy Pelosi (D-Calif.) was chiding House Republicans over job creation, the director of the Congressional Budget Office was testifying in the House Budget Committee that the health-care law President Barack Obama signed last year will kill about 800,000 American jobs over the next decade.
CBO Director Douglas Elmendorf was responding to a question from Rep. John Campbell (R-Calif.) regarding an August report from the CBO.
“We do estimate, as you said, that the household employment will be about 160 million by the end of the decade and half a percent of that is 800,000,” said Elmendorf. “That means that if the reduction in the labor used was workers working the average number of hours in the economy and earning the average wage, then there would be a reduction of 800,000 workers.”
“In fact, as we mentioned in our analysis last summer, the [health care] legislation also creates some incentives that might affect the number of hours people work,” he said. “It might affect the propensity to work of higher and lower income people.”
(Excerpt) Read more at cnsnews.com ...
That ain't all it's gonna kill...
...but the CBO says it will create jobs, assuming we have an increase of economic growth of 200%..and no-one gets sick...and medicare gets cut by a trillion dollars... and pigs fly...
ITS THE CBO! THE GOLD STANDARD. Ask Dems
A hell of a lot more jobs (and mayhem) than that will be created when America goes bust..
The crazies are in charge of the asylum..
He and his Rats are shovel-ready for the dustbin of history.
Any of those lost jobs ones from Clinton’s 100,000 new cops?
...and another 800,000 jobs will be on Life Support at Taxpayer Expense! :)
Most of those jobs are at the public trough.
If anyone is going to cut costs for medicaid/medicare, the only way is to cut the cost of employees.
Probably a low-ball estimate as well.
What happened to the Republicans who were supposed to Vote to DEFUND Obamacare THIS ,or last week?
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