Free Republic

Yesterday, Washington’s official non-partisan bean-counter, the Congressional Budget Office, dropped a bomb. By 2024, says the CBO, Obamacare will reduce the size of the U.S. labor force by 2.5 million full-time-equivalent workers. That’s roughly triple what the CBO had estimated three years ago. Such a sizeable decline in the labor force will have substantial detrimental effects on the U.S. economic and fiscal picture. But the CBO wasn’t responsible for the most amazing thing that happened yesterday. That title belongs to the Obama White House, where Press Secretary Jay Carney claimed that 2.5 million Americans leaving the workforce was a good...

New estimates that President Barack Obama’s health care law will encourage millions of Americans to leave the workforce or reduce their work hours have touched off an I-told-you-so chorus from Republicans, who’ve claimed all along that the law will kill jobs. But some aren’t telling it straight. […] In a key point overlooked in the GOP response, the report says, “The estimated reduction stems almost entirely from a net decline in the amount of labor that workers choose to supply, rather than from a net drop in businesses’ demand for labor.” In other words, workers aren’t being laid off. They...

The great Obama contradiction on the economy is this: he takes credit for the improved economy, but openly admits that in this recovery almost all of the gains have gone to the very rich. Here is the disturbing passage from Obama's State of the Union speech that I refer to: “What I believe unites the people of this nation ... is the notion that if you work hard and take responsibility, you can get ahead. “That belief has suffered some serious blows. ... Today, after four years of economic growth, corporate profits and stock prices have rarely been higher, and...

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...

Democrats are increasingly employing a new tack in the battle over a projected reduction of two million jobs due to Obamacare, saying the decline is actually the result of people not being required to work anymore when they don't want to -- a concept labeled "job lock.""Yesterday, the CBO projected that by 2021 the Affordable Care Act will enable more than 2 million workers to escape 'job-lock' – the situation where workers remain tied to employers for access to health insurance benefits," House Minority Leader Nancy Pelosi's (D-Calif.) office said in a news release.The release continued: "In addition to being...

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...

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...

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...

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...

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...

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...

During the State of the Union Address on Tuesday, President Barack Obama announced an executive order for federal contractors to pay employees at least $10.10 an hour. He also urged mayors, governors and state legislators to raise wages as well. On Friday, New London Mayor Daryl Justin Finizio announced that he has proposed a minimum wage ordinance. He wants to raise the city’s minimum wage for municipal employees and contractors to $10.10.   “I believe New London should answer President Obama’s call to action,” Mayor Daryl Justin Finizio said in a statement. 

Tuesday on the Fox News Channel, Rep. Darrell Issa (R-CA) reacted to the the Congressional Budget Office’s (CBO) new report that the Affordable Care Act will reduce full-time employment by about 2.5 million jobs by 2024. Issa had an ominous warning that unfortunately more jobs will be lost before Republicans can hopefully take back the Senate in the mid-term elections and fix it...

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...

The Congressional Budget Office says ObamaCare is a job killer. But we already knew that, and have been saying so for four years. Now the Fed is catching up a little bit, yet losing 2-2.5 million jobs is the tip of the iceberg. “President Barack Obama’s healthcare law will reduce American workforce participation by the equivalent of 2 million full-time jobs in 2017, the Congressional Budget Office said on Tuesday in a report…” What does the White House think of this horrible reality for at least 2 million people and their families? It’s just a “small percentage of the economy.”...

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...

WASHINGTON—The Affordable Care Act is projected to reduce the number of full-time workers by roughly 2.3 million people through 2021 and insure 2 million fewer people this year than previously estimated, the Congressional Budget Office said Tuesday.

At the Health Care Summit in February 2010, Speaker Nancy Pelosi claimed Obamacare would increase 400,000 jobs “almost immediately.” “It’s about jobs. In it’s life, it [the health bill] will create 4 million jobs — 400,000 jobs almost immediately.”

**SNIP** It said that the CBO summary instead showed that some who stay in low paid jobs or put off retirement to keep health insurance plans linked to employers would no longer have to under Obamacare and could chose to leave the work force or toil for fewer hours. "Claims that the Affordable Care Act hurts jobs are simply belied by the facts in the CBO report," White House spokesman Jay Carney said in a statement, which appeared just before the White House conducted a hurriedly organized call for reporters. "Since the Affordable Care Act passed into law in March...

<p>I know our local RS is not doing well...never anyone in the store...</p>