Posted on 12/12/2015 7:42:57 AM PST by HomerBohn
According to a new report from the nonpartisan Congressional Budget Office, Obamacare is set to erase the equivalent of 2 million jobs over the next ten years. At a time when the economy is tottering on the edge of recovery, the report shows that true recovery will not happen as long as this healthcare law is in effect.
The CBO report does not predict that the jobs themselves will be lost. Rather, they said that new expansions and mandates would encourage many employees to drop out of the workforce voluntarily. "Some people would choose to work fewer hours; others would leave the labor force entirely or remain unemployed for longer than they otherwise would," the agency said.
"When the President's health law hurts the labor force at the same time it increases healthcare premiums and taxes, it's clear the law is not working for the American people," said Senate Finance Committee Chairman Orrin Hatch.
The report comes just after the Senate voted to repeal the Affordable Care Act. That's not possible as long as President Obama remains in office, but it is a sign that Republicans are starting to get serious about moving past this destructive legislation. House Speaker Paul Ryan said last week that he intended to come out with a replacement plan next year.
Of course, we've heard all the big talk before, and there's no reason to believe that anything will change. Until we have a president who makes significant changes, the law will stay in place. A replacement is desperately needed, but it's not as if there aren't any ideas out there. Several conservative think tanks have come out with replacement plans, and Senator Ted Cruz last year came out with a healthcare proposal that would put more choice back into the hands of the customer.
We have been lucky as it pertains to the economy. It may not seem like it, but it's a miracle things aren't worse than they are. To what degree they are better, Democrats cannot take any of the credit. They have done everything in their power to put handcuffs on the free market, and if Hillary Clinton is elected next November, things will only get worse.
We don't have much more time to play around with this. There are bad things coming around the corner. History suggests we could be in for another recession soon, and that would be disastrous at a time when we haven't fully recovered from the last one. Besides that, there is increasing concern that automation will take a big chunk out of low-wage positions, and our government has done very little to prepare for what that might mean to the job market. Meanwhile, Democrats think this is a good time to fight for a national minimum wage of $15 an hour.
The key to putting this economy back on track - as usual - is to take off the government regulations and let the free market do its thing. Until we get leadership serious about turning back the tide of socialism, the future looks grim indeed.
Trash and Burn!
>>Politicians are the cause of the destruction of the middle class but they have a lot of help from the GOP establishment. Both parties need to be eliminated since their goals are the same.... destroy America through socialism. The RNC is already planning on subverting the 2016 nominating process. That alone should tell us where their allegiance lies and it sure isn’t with the American public.
The R vs D paradigm is dead. Progressives control both houses of Congress and they need the middle class to be gone for the next phase of the fundamental transformation to begin.
Unfortunately, the third world bastard has another year to finish his scorched Earth destruction. The dreams he received from his “father”, whoever the hell that was, are almost completely. Destroy America.
Obama isn’t in office the next 10 years.
Trump or Cruz will win, subsverting the election will fail.
Trump has a better chance of making sure of that because he will slash and burn and destroy every and anyone who is part of the plot.
money gives you that power.
Every time someone comes out against him, like Neil Young for using his song, Trump has a story of when that person begged to borrow money from him :)
then that person slinks away.
Gotta keep the scam going. Wouldn't want everybody to think the republicans are meanies.
Speaking as living flesh of Jamestown blood, I’m very, very close to the point I really don’t care any longer.
And, I DO NOT believe anything LESS and a French-style revolution will turn this country around.
He has until the last week of January 2017 to screw us over real bad. He will stop at nothing. He has no shame.
I don’t want to post what I think he’ll be doing between now and then.
Then when he’s gone, he isn’t going away. He’ll be given a high-paying job as a super community organizer to further bring about the downfall of this country.
Yes folks...come next No=vember, 2016, eliminate Obama, Clinton, the entire Democrat Party & the entire Republican Establishment RINO Party, including Mitch McConnell, Paul Ryan, etc. Elect Donald J. Trump, POTUS...and, make America great, once again!!!
NOTE: Support Donald J. Trump at a big rally this morning/early afternoon (12/12/2015), being held in Aiken, South Carolina, by attending or, watching on live stream TV, C-Span or some cable news networks. The rally will be held at the University of South Carolina Aiken Campus Convocation Center, commencing at 12;30 PM
Obama will not make to January 20th, 2016!!! On election day, November, 2016...Donald John Trump will be elected in a landslide to be the POTUS!!! Trump will take power immediately...and overide anything Obama tries to push through!!! Obama has less the one year in office...in the real world. Then he and traitor, Hate America, wife, and the two Obama young ladies can head out to Hawaii into total obscurity!!!
He’s not one of us.
Duh. It’s why I have my tag line.
We have a year. You ain’t seen nothin’ yet. And the last two months have proven it.
It will ramp up considerably next year. Of that I have little doubt.
Don’t drink and post.
I concur wholeheartedly, Hussein is really going to bare his fangs in his last months, and he won’t even pretend to care what Americans think of his destruction.
And this Congress-both sides of the Uniparty-don’t make me laugh. They’re exempt from CommieCare, they will never break a sweat to get this monstrosity off the backs of Americans, it’s not bothering them so why should they care?
All things considered he is just getting started, after all he has declared himself above the law and congress affirmed it, he can do anything and everything he wants in eleven months.
Well, Trump’s popularity can show the republicans the country’s done with their standing around watching him ruin it
Duh. Itâs why I have my tag line.
We have a year. You ainât seen nothinâ yet. And the last two months have proven it.
It will ramp up considerably next year. Of that I have little doubt.
He’s going to do some things that will make what he’s done up till now look tame.
Just like that waste carter, he won’t be done doing that until he is no longer here.
Kerry just cameo out and ‘proudly announced’ that our government is going to STEAL nearly 1 billion dollars from us and give it away to other countries- Not to mention the fact that we’re going to be paying billions more for climate regulations In this country AND dear leader is also going to go after guns before he leaves office- Hell, he may even make a move to make it illegal for Christians to freely practice their beliefs in public- not outright- but some form of discrimination
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