Death Panels And Job Losses

IBD Editorials ^ | February 11, 2011 | Staff

[Kaslin]

Reform: As the head of Medicaid and Medicare services testifies in favor of ObamaCare, the CBO director says it will destroy 800,000 jobs. Talk about killing two birds with one stone.

Former House Speaker Nancy Pelosi once famously said that we'd have to pass ObamaCare to see what was in it. She also boasted that the health care bill would create 4 million jobs — "400,000 of them almost immediately."

Now that we've seen what's in it, we realize the possible consequences for our physical and economic health. And congressional testimony before GOP-led committees has given us fresh reasons for repeal.

Contradicting Mrs. Pelosi, CBO director Douglas Elmendorf told the House Budget Committee on Thursday that one of the unintended consequences of ObamaCare would be a reduction in employment by half a percent by 2021.

In an exchange with Rep. John Campbell, R-Calif., Elmendorf confirmed the analysis contained in a CBO report issued last August. "That net effect reflects changes in incentives in the labor market that operate in both directions," he said.

"The way I would put it," Elmendorf said, "is that we do estimate ... that employment will be about 160 million by the end of the decade. Half a percent of that is 800,000." That number is 50% more than all the people who work for GM, Ford, and Chrysler combined.

[samtheman]

Pelosi lied; people died.

[raptor22]

Ping

[SouthTexas]

Simple facts that the media ignored all along.

[oyez]

They had to pass it so they could find out that it is unconstitutional.

[GOPJ]

thanks for the ping