Posted on 10/27/2010 8:05:54 AM PDT by Nachum
Congressional Budget Office (CBO) Director Douglas Elmendorf recently spoke at the University of Southern California about the economic impact of Obamacare. He predicts that Obamacare will further depress the nation’s employment picture.
CBO’s analysis of Obamacare predicts that it will reduce the amount of labor being used in the economy by roughly half a percent. Elmendorf states that this impact will be small, but in reality the impact is small only in relative terms. For instance, a half-percent loss in jobs in the American economy today would translate into about 750,000 additional Americans losing work.
(Excerpt) Read more at blog.heritage.org ...
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Good breakdown here
Exclusive: New Study Says Cost of Health Reform Subsidies Could Far Exceed Previous Estimates (Updated 10/25)
http://www.verumserum.com/?p=18038
Good link, thanks.
The problem with the study itself is that while proving that Obamacare hurts our economy, it baldly asserts the opposite. I published a link to the study on my site.
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Yes true but I figured people would realize that and get the shocking part
“This estimate is dramatically higher (578%) than the cost of these subsidies forecast by the Congressional Budget Office CBO...”
“Yes true but I figured people would realize that and get the shocking part”
Oh no. You have to put the ‘shocking part’ in neon letters and have a parade up and down the block with it. Really. The idea that we are being fleeced has to be graphically told, with CSI photos and all.
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