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  • No Taxing Our Way Out of Looming Health Spending Crisis

    07/21/2014 10:55:41 AM PDT · by Kaslin · 5 replies
    Townhall.com ^ | July 21, 2014 | Mallory Carr
    The fiscal train wreck that Obamacare and other health care entitlements will inevitably cause is quickly approaching—and no amount of tax increases can save us from the crash. Although the “Eat the Rich” and “Tax the one percent” way of thinking is currently in vogue, these catchy sound-bites remain nothing more than pithy slogans. Not only can the “rich” not pay it off, but if Congress does not act, the rich, the middle class, and the poor together will not be able to cover the tab. Making matters worse, taxes are scheduled to increase significantly on earners in all income...
  • CBO projects massive deficits in coming years

    07/16/2014 7:22:52 AM PDT · by SeekAndFind · 14 replies
    American Thinker ^ | 07/16/2014 | Rick Moran
    The Congressional Budget Office has looked into its crystal ball and sees the deficit getting much worse in a few years, rising to 106% of GDP by 2039.The Obama administration has been celebrating a reduction in the budget deficit to $583 billion dollars for this fiscal year. I suppose that's better than trillion dollar deficits but I see no cause for triumphalism, especially when you consider the government is taking in a record amount of revenue. But CBO says that deficit reduction won't last and that we can expect rising deficits to begin again in a few years. Politico: In...
  • The Continuing Obamacare Nightmare

    06/10/2014 8:13:00 AM PDT · by Kaslin · 9 replies
    Townhall.com ^ | June 10, 2014 | David Limbaugh
    While President Obama diverts the nation's attention with his other myriad scandals, the Obamacare Express continues to careen off the rails, leaving a wide path of destruction and rendering its supporters defenseless. The latest outrage, in a yearslong string, is that at least 4 million of the 8 million total Obamacare sign-ups contain flawed applications, according to a report by House Republicans. But this isn't some arbitrarily divined number chosen by Republicans for political purposes. It is based on a chart prepared by federal Obamacare contractor Serco that shows more than 4 million application discrepancies as of May 27. These...
  • CBO Quietly Drops Forecast That Obamacare Will Cut the Deficit

    06/05/2014 12:20:32 PM PDT · by NormsRevenge · 16 replies
    Yahoo Finance ^ | 6/5/14 | Eric Pianin - The Fiscal Times
    One of the Obama administration's major selling points in passing the Affordable Care Act in 2010 was a Congressional Budget Office forecast that the controversial legislation would reduce the deficit by more than $120 billion over the coming decade. The CBO has consistently projected that President Obama's overhaul will reduce the deficit, and the agency estimated that the Republicans’ 2011 effort to repeal the legislation would increase deficits by $210 billion from 2010 to 2021. In April, the agency quietly signaled that it can no longer make that projection; that the law had been changed and delayed so much that...
  • CBO ON OBAMA BUDGET: HIGHER DEFICITS THAN CLAIMED

    04/17/2014 2:11:18 PM PDT · by Jim Robinson · 13 replies
    Breitbart ^ | April 17, 2014 | AP
    WASHINGTON (AP) — A report released Thursday by the nonpartisan Congressional Budget Office says President Barack Obama's budget request would mean significantly larger budget deficits than the White House claims. CBO says the budget plan proposed last month by Obama would produce deficits of $6.6 trillion over the next 10 years — $1.6 trillion more than the White House estimates. The main reason is that the White House has a rosier estimate of the economy's performance over the decade than CBO. That means the administration predicts higher tax revenues. The president's budget is just a proposal; it has gained little...
  • The CBO Gets It Very Wrong on ObamaCare

    04/16/2014 4:32:44 AM PDT · by IBD editorial writer · 17 replies
    Investor's Business Daily ^ | 04/15/2014 | IBD Staff
    Failure: ObamaCare fans are cheering the latest Congressional Budget Office report, which appears to show that it will cost less and cover more people than expected. But that's true only if you ignore reality. We don't always agree with the CBO, but we have long respected it as a credible source of budget numbers. Sure, its projections almost never turn out to be true. But simply too many variables are at play for anyone to guess such things perfectly, and it provides a more or less independent source of information on highly charged, partisan issues. But the CBO's latest report...
  • CBO: ObamaCare premiums and healthcare spending will rise by less than expected, because…

    04/15/2014 4:58:25 PM PDT · by SeekAndFind · 15 replies
    Hotair ^ | 04/15/2014 | Erika Johnsen
    The Congressional Budget Office released a report this morning that has received a lot of attention from ObamaCare’s many staunch media advocates because it essentially concludes that the cost of expanding coverage through the exchanges will be billions less than the CBO was predicting just a couple of months ago. That’s great news for the president’s crowning legislative achievement, right? Health-insurance premiums for plans sold on the Affordable Care Act’s exchanges will be lower than previously expected, according to a report released Monday by the Congressional Budget Office.The findings, by Congress’s nonpartisan spending analysts, result largely from the fact that...
  • CBO: Narrow Networks Lowered Premiums in 2014

    04/14/2014 6:21:26 PM PDT · by Nachum · 9 replies
    weekly standard ^ | 4/14/14 | JAY COST
    The Congressional Budget Office (CBO) lowered the projected cost of ObamaCare's health insurance benefits Monday by $104 billion over 10 years. The law's insurance coverage provisions will now cost close to $1.4 trillion between 2015 and 2024, about $100 billion less than previously estimated, the CBO said. What is driving the lowered estimate? According to the report released by CBO, it has primarily to do with lower-than-expected premiums for exchange policies. So, good news for the Obama administration? Not so fast. Per CBO: A crucial factor in the current revision was an analysis of the characteristics of plans offered through...
  • Journalists hide real numbers when reporting budget spin

    03/07/2014 3:45:30 AM PST · by afraidfortherepublic · 4 replies
    The Washington Examiner ^ | 3-6-14 | Scott Rasmussen
    The standard media coverage of President Obama's new budget claimed the proposals will cut $600 billion in spending over the next decade. It was just about impossible, though, to find any media story mentioning some basic numbers that belong in any story about a new federal budget. How much money is the federal government spending this year? How does that compare to what it spent last year, or expects to spend next year? Perhaps the reason for this failure is because the real numbers don't match up with the storyline. For example, in the current year, the federal government is...
  • CBO Repeatedly Confounded Liberals, Vindicated Conservatives in February

    03/06/2014 2:41:00 PM PST · by Kaslin · 4 replies
    Townhall.com ^ | March 6, 2014 | Akash Chougule
    February was not kind to supporters of the liberal agenda. In the span of four weeks, the nonpartisan Congressional Budget Office (CBO) released four separate reports, each concluding that misguided big government policies are hurting American businesses and families. CBO first reported in early February that President Obama’s healthcare law will drive millions out of full time work and push our ballooning national debt to $27 trillion dollars. A second report released by the CBO concluded that a mandated hike in the minimum wage to $10.10 would kill 500,000 jobs, mostly for low-wage workers. And a third report suggested that...
  • Minimum Wage Hike Support Falls On CBO Jobs Warning

    02/28/2014 8:03:57 AM PST · by IBD editorial writer · 9 replies
    Investor's Business Daily ^ | 02/27/2014 | John Merline
    Less than half the public support a sharp boost in the minimum wage when told that it could cost the economy half a million jobs, according to the latest IBD/TIPP Poll out Thursday. That comes amid reports that some Senate Democrats are backing away from President Obama´s push to boost the minimum wage by 39% over the next two years, to $10.10 an hour, after the Congressional Budget Office found that it would kill 500,000 jobs. Unlike other surveys, the IBD/TIPP Poll asked two questions about the minimum wage.
  • 5 Brutal Obamacare Facts From CBO’s Latest Economic Report

    02/24/2014 8:58:17 PM PST · by george76 · 7 replies
    media trackers ^ | February 04, 2014 | Sean Davis
    1) Obamacare Will Destroy 2.5 Million Jobs By 2024 ... 2) In 2024, There Will Still Be 31 Million People In The U.S. Without Health Insurance ... 3) Surprise! Millions Of People Who Liked Their Health Plan Will Lose Their Health Plan ... 5) Your Paycheck Will Be Smaller Thanks To Obamacare
  • Health care act no more a 'job killer' than Social Security or Medicare

    02/21/2014 4:33:38 AM PST · by TurboZamboni · 15 replies
    Pioneer Press ^ | 2-19-14 | Edward Lotterman
    The critics are right, however, that some people will choose to work less because they qualify for a tax-credit based subsidy. If not for this government program, they would have to work harder and employment numbers would be higher. So might total output or gross domestic product. This aspect of the Affordable Care Act distorts economic efficiency. But don't kid yourself that this is anything new. Social Security has the same effect. About 41 million people currently get Social Security retirement benefits. Many still do work, at least part-time. But most do not. If not for their monthly checks, which...
  • Obama: CBO Report Nonsense, Raising Minimum Wage Will "Create 140,000 Jobs"

    02/20/2014 5:48:34 PM PST · by therightliveswithus · 70 replies
    Pundit Press ^ | 2/20/14 | Aurelius
    President Obama, despite analysis and facts to the contrary, stated this week that the Congressional Budget Office's analysis on raising the minimum wage is wrong. Instead, the President pushed his own narrative, seemingly making up numbers out of thin air. In their analysis, released this month, the CBO found that raising the minimum wage to President Obama's proposed $10.10 would have catastrophic effects on employment rates. Quoting directly from the source, the CBO stated: According to CBO’s central estimate, implementing the $10.10 option would reduce employment by roughly 500,000 workers in the second half of 2016, relative to what would...
  • No Minimum-Wage Free Lunch: CBO says 500,000 jobs will be eliminated as minimum wage increases

    02/19/2014 5:35:07 AM PST · by SeekAndFind · 21 replies
    National Review ^ | 02/19/2014 | The Editors
    If there is a single lesson that the Obama administration is committed to not learning, it is that economics involves tradeoffs. A recent report from the Congressional Budget Office contains what the administration must surely receive as good news: Its plan to raise the minimum wage to the Democrats’ new target of $10.10 could lift as many as 900,000 Americans out of poverty. The bad news is that it would cast 500,000 American into unemployment by eliminating their jobs. In December, the president claimed that there is “no solid evidence” that raising the minimum wage costs jobs, an assessment that...
  • CBO: Raising the minimum wage to $10.10 an hour could eliminate 500,000 jobs by 2016

    02/18/2014 4:27:11 PM PST · by SeekAndFind · 6 replies
    Hotair ^ | 02/18/2014 | AllahPundit
    I’m treating it as good news. At least 500,000 people won’t have to worry about “job-lock” now.There’s no problem here that indefinite unemployment benefits can’t solve, my friends. Once fully implemented in the second half of 2016, the $10.10 option would reduce total employment by about 500,000 workers, or 0.3 percent, CBO projects (see the table below). As with any such estimates, however, the actual losses could be smaller or larger; in CBO’s assessment, there is about a two-thirds chance that the effect would be in the range between a very slight reduction in employment and a reduction in employment...
  • Washington Hijinks

    02/14/2014 4:42:41 AM PST · by Kaslin · 1 replies
    Townhall.com ^ | February 14, 2014 | Erick Erickson
    With election season upon us and the Democrats' generic ballot numbers declining, President Obama has done the only thing he could do -- delay, again, the employer mandate in Obamacare. The new delay will run until 2016. The delay comes after a Congressional Budget Office report found anecdotal evidence of employers already shifting employees to part-time employment. The report also noted "(b)eginning in 2015, employers of 50 or more full-time equivalent workers that do not offer health insurance ... may respond to the employer penalty by seeking to reduce or limit their full-time staffing and to hire more part-time employees."...
  • Obama Spins Subsidies Both Ways

    02/13/2014 12:10:27 PM PST · by Kaslin · 1 replies
    Townhall.com ^ | February 13, 2014 | Peter Schiff
    In our current age of spin and counter-spin, there is no contortion too great for a politician to attempt. On occasion, however, the threads of one story become entangled with another in a manner that should deeply embarrass, if the media were sharp enough to catch it. This happened last week in response to the Congressional Budget Office's (CBO) bombshell report on how Obamacare incentives could reduce the size of the labor force by more than two million workers by 2017. While the report did not reflect the Republican spin (that the law will cause employers to kill jobs -...
  • $205 Trillion in Unfunded Liabilities

    02/13/2014 8:13:12 AM PST · by Rusty0604 · 29 replies
    Daily Reckoning ^ | 02/12/2014 | Gary North
    The nonpartisan Congressional Budget Office is acting in a bipartisan way to cover up the biggest single threat to the bipartisan political alliance that is stripping America of its wealth: the United States Congress. There is no question that the following policy is bipartisan. Democrats and Republicans in Congress are completely agreed that the following information should not get out to the American people, namely, that the present value of the United States government’s off-budget liabilities is over $200 trillion. The CBO has two sets of books. This is what any Ponzi scheme requires. It releases one set of books...
  • CBO Obamacare job loss worse than reported

    02/13/2014 6:03:42 AM PST · by SeekAndFind · 3 replies
    American Thinker ^ | 02/13/2014 | William Tate
    The Obama machine is scrambling to minimize damage inflicted by the Congressional Budget Office's report that Obamacare will have a negative impact on employment, delaying yet again parts of the employer mandate, and forcing employers to swear Orwellian oaths that they won't cut workers. But a full reading of the CBO report shows that job loss could be even worse than previously reported. The CBO report concludes that the equivalent of 2.5 million jobs will be lost due to Obamacare, primarily because of decisions made by workers. But, like Holmes's dog that didn't bark, the report may be even more...
  • Reporter to Carney: How Does Less People Working Due to Obamacare Not Hurt The Economy?

    02/06/2014 1:33:20 PM PST · by Sir Napsalot · 32 replies
    RCP Video ^ | 2-6-2014
    JAY CARNEY: First of all, let me just correct you. You asked about the deficit. As the CBO reported yesterday, consistent with what is reported in the past, the CBO projects that the Affordable Care Act will reduce the deficit by a trillion dollars. (snip) And I think one hugely significant one is the historic reduction in health care inflation that we've seen. We've had the slowest rate of health care cost growth in 50 years since the Affordable Care Act was passed, which directly contradict those who oppose the Affordable Care Act. ..... The CBO report says specifically, contrary...
  • Interest on our country's debt to nearly quadruple over decade - CBO

    02/12/2014 10:10:08 AM PST · by SeekAndFind · 16 replies
    CNN Money ^ | 02/05/2014 | By Jeanne Sahadi
    <p>For the next few years, deficits are looking pretty good. But the interest owed on the country's cumulative debt is set to nearly quadruple over the next decade.</p> <p>The Congressional Budget Office projects that interest will be $233 billion this year, or 1.3% as a share of the economy.</p>
  • CBO Director: ‘Large and Growing Federal Debt’ Could Produce ‘Fiscal Crisis’

    02/11/2014 8:08:24 PM PST · by Olog-hai · 31 replies
    Cybercast News Service ^ | February 11, 2014 - 12:26 PM | Susan Jones
    On the same day House Speaker John Boehner said he would bring a “clean” debt ceiling bill to the House floor—and join Democrats in voting for a 13-month extension of the debt limit—the head of the Congressional Budget Office declared that the “large and growing federal debt” could eventually increase the risk of a “fiscal crisis.” […] 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...
  • Rep. Keith Ellison on the CBO report: Hey, Americans work way more than people in other countries

    02/11/2014 6:52:56 AM PST · by SeekAndFind · 16 replies
    Hotair ^ | 02/11/2014 | Erika Johnsen
    Yes, I suppose it’s true that most of the rest of the world works a lot less than Americans do. Their GDPs-per-capita and/or their debt-to-GDP ratios generally tend to correlate accordingly, but whatever. Via RCP:CLICK ABOVE LINK FOR THE VIDEO What the Congressional Budget Office is saying is that we’re going to discourage kids having to have latchkeys. We’re going to have parents being able to come home, working reasonable hours. People are going to be able to retire. People might be able to actually cook dinner rather than have to order out and get some takeout. I mean, the...
  • Affordable Care Act -- Paying More to Work Less

    02/09/2014 2:06:51 PM PST · by Kaslin · 9 replies
    AP News via Townhall.com ^ | February 9, 2014 | Debra J. Saunders
    <p>In 2010, then-House Speaker Nancy Pelosi touted the Affordable Care Act as a bill "not only about the health security of America; it's about jobs. In its life, it will create 4 million jobs, 400,000 jobs almost immediately."</p> <p>A newly released Congressional Budget Office analysis reported that Obamacare is expected to shrink the workforce by 2.5 million full-time jobs by 2024. So you can stow that Pelosi quote in the warehouse of discarded Obamacare promises. Grab a forklift, and you can park it behind President Barack Obama's pledge, "If you like your health care plan, you can keep it."</p>
  • Democrat Logic: Lose Your Job and Feel Liberated

    02/08/2014 8:14:59 PM PST · by SeekAndFind · 21 replies
    American Thinker ^ | 02/08/2014 | Brian C Joondeph, MD
    This week, a report from the Congressional Budget Office acknowledged that ObamaCare would reduce full-time employment by 2.5 million over the next ten years. And that is on top of news that 92 million Americans who could be working are not. What a devastating assessment for the unemployed or underemployed, particular millenials seeking to transition from internships and part-time jobs to career-building full-time jobs. Yet the predictable spin from the White House and major media outlets is that this is good news, liberating workers from the chains of employment. To quote President Obama, from the 2008 campaign, "You can put...
  • The Economist Who Exposed ObamaCare

    02/08/2014 5:18:40 AM PST · by Innovative · 7 replies
    Wall Street Journal ^ | Feb 7, 2014 | Joseph Rago
    The Chicago professor examined the law's incentives for the poor not to get a job or work harder, and this week Beltway budgeteers agreed. Mr. Mulligan studies how government choices influence the incentives and rewards for work—and many more people may recognize the University of Chicago professor as a serious economist after this week. That's because, more than anyone, Mr. Mulligan is responsible for the still-raging furor over the Congressional Budget Office's conclusion that ObamaCare will, in fact, harm growth and jobs. But then the CBO ... reported that by 2024 the equivalent of 2.5 million Americans who were otherwise...
  • The New Workers' Party

    02/07/2014 6:45:25 AM PST · by Kaslin · 6 replies
    Townhall.com ^ | February 7, 2014 | Mona Charen
    The Obama administration's response to the Congressional Budget Office's prediction that Obamacare will cause 2.5 million fewer Americans to work in the coming years is an opportunity for Republicans to seize the moral high ground on the issue of work. Rather than dispute the CBO's analysis -- which would have been awkward, as the White House has touted CBO's predictions in the past -- the administration is spinning the jobs loss as a kind of liberation. No longer tied down to the pesky need to earn a salary, some Americans will be able to follow their bliss. The is part...
  • Free the Job-Locked Poets

    02/07/2014 6:08:51 AM PST · by Kaslin · 20 replies
    Townhall.com ^ | February 7, 2014 | Jonah Goldberg
    "Job-lock!" It's only February, but it's already my favorite word -- or phrase, I guess -- of the year. (Who knows, by December it may be shortened to "joblock.") It's not euphonious or edgy, but it does offer insight into the unreality of the Democrats' predicament. The Congressional Budget Office issued a politically explosive report this week, finding that Obamacare will reduce the number of hours Americans work by the equivalent of 2.5 million full-time jobs. This is different than killing 2.5 million jobs, Obamacare defenders are quick to insist. This will be a shortfall on the demand, not supply,...
  • George McClellan Rides Again

    02/07/2014 4:40:59 AM PST · by Kaslin · 14 replies
    Townhall.com ^ | February 7, 2014 | Erick Erickson
    Gen. George McClellan commanded Union forces during the Civil War. He famously and constantly retreated across the map despite having larger forces than Gen. Robert E. Lee. At one point, meeting with his generals in the White House, Abraham Lincoln commented, "If General McClellan does not want to use the army, I would like to borrow it for a time." Ultimately, Abraham Lincoln dismissed him. Gen. McCellan seems alive and well, having returned as the senior consultant to the Republican leadership on Capitol Hill. After Republicans regained control of the House of Representatives in January 2011, they fought a significant...
  • Obamacare may prompt people to work less

    02/05/2014 12:53:31 PM PST · by rightwingintelligentsia · 13 replies
    CNN Money ^ | February 4, 2014 | Tami Luhby
    Many workers may opt to work less to retain their eligibility for Medicaid or federal subsidies under Obamacare, a new report has found. The Affordable Care Act could reduce the labor force by the equivalent of 2.5 million workers in 2024, according to the non-partisan Congressional Budget Office's annual outlook. That doesn't mean employers will start swinging the ax or even that that many jobs will be lost, CBO says. Rather, more people will likely opt to reduce their hours, or leave the workforce entirely, so they stay under the income caps for Medicaid and federal subsidies.
  • The Left's Lamest Defense Of ObamaCare Yet

    02/06/2014 5:16:01 AM PST · by IBD editorial writer · 20 replies
    Investor's Business Daily ^ | 02/05/2014 | IBD Staff
    obs: ObamaCare backers are working hard to put a happy face on news the Affordable Care Act will cause the labor force to shrink by 2.5 million full-time jobs over the next decade. What they've come up with isn't pretty. We don't expect much in the way of sound economic reasoning from liberals, but listening to their reaction to the latest findings on ObamaCare left us dumbstruck. To recap: The Congressional Budget Office determined that ObamaCare would discourage work, in large part because many middle-income families will find themselves in what amounts to a 50% marginal income tax bracket as...
  • Harry Reid Says Unemployment is a Good Thing – It’s “Free Agency” (Liberal Logic)

    02/05/2014 12:47:35 PM PST · by Kaslin · 39 replies
    Townhall.com ^ | February 5, 2014 | Michael Schaus
    The Congressional Budget Office released a report that suggests almost 2.5 million workers might lose their jobs (or have their hours cut to part-time) in the next few years thanks to the implementation of Obamacare. The average American might see this as a worrisome report from the non-partisan CBO about the unintended consequence of government’s regulatory take-over of healthcare… But Harry Reid and other Democrat big-wigs are trying to spin this as a positive. The Democrat from Nevada even suggested that the individuals who are set to lose their job should be happy, because they are about to become “free...
  • Budget office chief: ObamaCare creates ‘disincentive’ to work

    02/05/2014 10:13:49 AM PST · by Timber Rattler · 28 replies
    Fox News ^ | February 5, 2014 | FoxNews.com
    The head of the nonpartisan Congressional Budget Office delivered a damning assessment Wednesday of the Affordable Care Act, telling lawmakers that ObamaCare creates a "disincentive for people to work," adding fuel to Republican arguments that the law will hurt the economy. The testimony from CBO Director Douglas Elmendorf comes after his office released a highly controversial report that detailed how millions of workers could cut back their hours or opt out of the job market entirely because of benefits under the health law. The White House and its Democratic allies accused Republicans, and the media, of mischaracterizing the findings. But...
  • Why the new CBO report on Obamacare is good news

    02/05/2014 6:04:56 AM PST · by Sir Napsalot · 44 replies
    LA Times ^ | 2-4-2014 | Michael Hiltzik
    The Congressional Budget Office is out with its latest report on the Affordable Care Act, and here are a few bottom lines: — The ACA is cheaper than it expected. — It will "markedly increase" the number of Americans with health insurance. — The risk-adjustment provisions, which Congressional Republicans want to overturn as a "bailout" of the insurance industry, will actually turn a profit to the U.S. Treasury. Given all this, why are the first news headlines on the CBO report depicting it as calling Obamacare a job killer? (snip) ..... it's important to examine what the CBO actually says...
  • Freeing Workers From the Insurance Trap [NY Times: 2.5M Fewer Full Time Workers is a Good Thing]

    02/05/2014 5:39:11 AM PST · by SeekAndFind · 47 replies
    New York Slimes ^ | 02/05/2014 | The Editorial Board
    The Congressional Budget Office estimated on Tuesday that the Affordable Care Act will reduce the number of full-time workers by 2.5 million over the next decade. That is mostly a good thing, a liberating result of the law. Of course, Republicans immediately tried to brand the findings as “devastating” and stark evidence of President Obama’s health care reform as a failure and a job killer. It is no such thing. The report estimated that — thanks to an increase in insurance coverage under the act and the availability of subsidies to help pay the premiums — many workers who felt...
  • 'Mad Man' Sam Stein's Hilarious Response To Calamitous CBO/Obamacare Report

    02/05/2014 5:24:17 AM PST · by governsleastgovernsbest · 9 replies
    NewsBusters ^ | Mark Finkelstein
    Give Sam Stein credit for being an honest liberal. Confronted with the CBO's findings about the disastrous job-killing effects of Obamacare, Stein didn't try to spin the unspinnable. On today's Morning Joe, Donnie Deutsch invited Stein to play a game of Mad Men. Deutsch first sketched out a 30-second ad making the case against Obamacare--that contrary to what President Obama had said, you can't choose your provider and the program costs the country two million jobs. Deutsch then invited Stein to give the 30-second ad in response. Said Stein, much to the amusement of the panel: "The 30-second response is...
  • Caution: You’re Entering The Obamacare Spin Zone

    02/05/2014 8:59:34 AM PST · by NOBO2012 · 3 replies
    It’s a good thing Mr. O hightailed it out of here. Not Big Guy, I mean Bill O’Reilly, because as of noon yesterday when the CBO report came out, things have been spinning around here like your electric meter on a blistering hot day. Only ours spins backwards, because of the tax subsidized solar panels on the roof producing so much power we’re selling it back to our local utility, as required by law. Win Win!! Suffice it to say it’s enough to make your head spin. So here’s the deal, as first reported yesterday: The new healthcare law will...
  • Thanks Obama! Care- Now with 25% Fewer Jobs!

    02/05/2014 5:23:35 AM PST · by Kaslin · 10 replies
    Townhall.com ^ | February 5, 2014 | John Ransom
    The Congressional Budget Office just confessed that the healthcare law passed by Democrats and only Democrats in 2010—you know the one that was supposed to save us so much money?-- is really a dud, a job killer, as we have said all along. And the consequences aren’t just that some guy you don’t know won’t have a job, the consequences are that guys you DO know won’t have jobs, and --in the best case—your tax bill will go up accordingly. The reform package, derisively known as Obamacare, is going to cost the country an additional 2 million jobs by 2017...
  • Remember when Nancy Pelosi promised ObamaCare would create 4 million jobs?

    02/05/2014 7:54:27 AM PST · by IBD editorial writer · 9 replies
    Investor's Business Daily ^ | 02/04/2013 | IBD Staff
    Dept. Of Corrections: Leading Democrats said ObamaCare would create 4 million jobs by cutting health costs and unleashing entrepreneurs. Now we learn the promise was off by 6.5 million — in the wrong direction. Here's what Rep. Nancy Pelosi, the top Democratic in the House, had to say about ObamaCare in February 2010: "It will create 4 million jobs, 400,000 jobs almost immediately — jobs, again, in the health care industry but in the entrepreneurial world as well." Pelosi was citing a paper released a month earlier by the left-wing Center for American Progress, which claimed the law would lower...
  • Congressional Budget Office sends death blow to ObamaCare

    02/05/2014 5:23:24 AM PST · by 2ndDivisionVet · 25 replies
    The New York Post ^ | February 5, 2014 | John Podhoretz
    The Affordable Care Act, a k a ObamaCare, became law almost four years ago. It became operational last Oct. 1. Yesterday, Feb. 4, 2014, the ACA may well have been dealt its death blow. The Congressional Budget Office released a major study of the government’s budget and its effect on the overall economy over the next 10 years. In dull bureaucratic language, it delivers a devastating analysis of the inefficiencies, ineffectualities and problematic social costs of ObamaCare. The one-two punch: Virtually as many Americans will lack health coverage in 10 years as before the law was passed — but 2 million fewer...
  • ObamaCare Impact Upon Economy Worse than Originally Thought

    02/04/2014 6:46:37 PM PST · by rightwingerpatriot · 4 replies
    Rightwingpatriot.com ^ | February 4, 2014 | Rightwingerpatriot
    I know I've done quite a few articles on the devastating impact of ObamaCare upon America, but it seems that every few days, another bit of information surfaces that illustrates that the devastation will be more far-reaching than we last thought. Today, the Congressional Budget Office released a new projection of the impact of ObamaCare and it is brutal. Their revised estimates show that within the next ten years, nearly 2.5 million workers could choose to move to part-time work instead of full-time. This impact will mean that employers will cut out 2.3 million full-time jobs altogether. In 2010, the...
  • Reid: Obamacare Doesn’t Cost Jobs, It Turns Workers Into ‘Free Agents’

    02/04/2014 2:20:15 PM PST · by Sir Napsalot · 40 replies
    PJ Tatler ^ | 2-4-2014 | Bridget Johnson
    Senate Majority Leader Harry Reid (D-Nev.) said the Congressional Budget Office report that shows Obamacare will make the labor force lose 2.3 million full-time workers by 2021 is positive because it lets Americans be “free agents.” “We have the CBO report, which rightfully says, that people shouldn’t have job lock. If they — we live in a country where there should be free agency. People can do what they want,” Reid told reporters outside of a close policy luncheon. “And what they’re saying here is — and the fact checkers have already done this — the Republicans talk about losing...
  • White House: When you think about it, 2.5M fewer people working because of ObamaCare is good news

    02/04/2014 1:37:39 PM PST · by SeekAndFind · 39 replies
    Hotair ^ | 02/04/2014 | AllahPundit
    I’m done, guys. If we’ve reached the stage of welfare-state decadence where it’s a selling point for a new entitlement that it discourages able-bodied people from working, there’s no reason to keep going. We’ve lost, decisively.As a great man once said, remember me as I am — filled with murderous rage. In a statement and conference call featuring top administration officials, the White House tried to beat back an emerging narrative that the CBO report supported claims made by health care reform critics. The CBO report says the Affordable Care Act could lead to a reduction of 2 million full-time...
  • The White House (And Its Faithful) Scramble To Refute CBO Report On Obamacare Job Losses

    02/04/2014 12:18:15 PM PST · by Rusty0604 · 8 replies
    Zerohedge ^ | 02/04/2014 | Tyler Durden
    Earlier we reported how, in the CBO's own words, Obamacare would result in (at least) 2.5 million (soon to be revised much higher) workers departing the labor force over the next decade, that would stay there were it not for the skewed incentives provided by this latest welfare Ponzi scheme. Sure enough, it took the White House mere moments to share its canned retort seeking to control the major fallout this report generated as it goes, once again, against all of Obama's promises. From Reuters: "The White House on Tuesday refuted arguments that Obamacare reforms will hurt jobs, and said...
  • Obamacare will push 2 million workers out of labor market: CBO

    02/04/2014 11:31:27 AM PST · by grundle · 11 replies
    Washington Times ^ | February 4, 2014 | Stephen Dinan
    Obamacare will push the equivalent of about 2 million workers out of the labor market by 2017 as employees decide either to work fewer hours or drop out altogether, according to the latest estimates Tuesday from the Congressional Budget Office. That’s a major jump in the nonpartisan budget agency’s projections and it suggests the health care law’s incentives are driving businesses and people to choose government-sponsored benefits rather than work. “CBO estimates that the ACA will reduce the total number of hours worked, on net, by about 1.5 to 2 percent during the period from 2017 to 2024, almost entirely...
  • CBO: O-Care slowing growth

    02/04/2014 7:31:16 AM PST · by Second Amendment First · 10 replies
    The Hill ^ | February 04, 2014 | Erik Wasson
    The new healthcare law will slow economic growth over the next decade, costing the nation about 2.3 million jobs and contributing to a $1 trillion increase in projected deficits, the Congressional Budget Office said in a report released Tuesday. The non-partisan group’s report found that the healthcare law’s negative effects on the economy will be “substantially larger” than what it had previously anticipated. The CBO is now estimating that the law will reduce labor force compensation by 1 percent from 2017 to 2024, twice the reduction it previously had projected. This will decrease the number of full-time equivalent jobs in...
  • CBO: Obamacare Will Lead To 2 Million Fewer Workers In The Labor Force By 2017

    02/04/2014 9:32:21 AM PST · by SeekAndFind · 9 replies
    Yahoo Finance via Business Insider ^ | 02/04/2014 | By Brett LoGiurato
    The Congressional Budget Office on Tuesday said that the Affordable Care Act will contribute to the equivalent of 2 million workers out of the labor market by 2017, as employees work fewer hours or decide to drop out of the labor force entirely. The CBO revised much of its outlook on the Affordable Care Act in a new report released Tuesday. From the report: CBO estimates that the ACA will reduce the total number of hours worked, on net, by about 1.5 percent to 2.0 percent during the period from 2017 to 2024, almost entirely because workers will choose to...
  • CBO: health care law (Obamacare) will reduce jobs by 2 million

    02/04/2014 9:09:41 AM PST · by Red in Blue PA · 46 replies
    The Affordable Care Act will reduce the number of full-time workers by more than two million in coming years, congressional budget analysts said Tuesday in the most detailed analysis of the law’s impact on jobs.
  • Democrats: 1% Cut In Food Stamp Funding Is "Stealing"

    02/01/2014 12:47:37 PM PST · by Kaslin · 31 replies
    Townhall.com ^ | February 1, 2014 | Kevin Glass
    Elected Democrats and movement progressives are up in arms over the meager cuts to the Supplemental Nutrition Assistance Program (SNAP - commonly known as food stamps). Hot Air's Erika Johnsen covered the non-drama over the farm bill yesterday and noted the very meager reforms included in the legislation, but some Democrats are bemoaning the $800 million in yearly cuts to SNAP in apocalyptic terms. The overall SNAP program costs $70 billion per year. Hipster congresswoman Rosa DeLauro (D-Conn.) said "Congress has lost its way" and described the farm bill as "reverse Robin Hood legislation that steals food from the poor."...