Guess we’re really finding out what’s in it, now – from The Weekly Standard:
Testifying today before the House Budget Committee, Congressional Budget Office (CBO) Director Doug Elmendorf confirmed that Obamacare is expected to reduce the number of jobs in the labor market by an estimated 800,000…
…Rep. [John] Campbell: Thank you, Mr. Chairman, we’ll — and Dr. Elmendorf — and we’ll continue this conversation right now. First on health care, before I get to — before I get to broader issues, you just mentioned that you believe — or that in your estimate, that the health care law would reduce the labor used in the economy by about 1/2 of 1 percent, given that, I believe you say, there’s 160 million full-time people working in ’20-’21. That means that, in your estimation, the health care law would reduce employment by 800,000 in ’20-’21. Is that correct?
Director Elmendorf: Yes. The way I would put it is that we do estimate, as you said, that…employment will be about 160 million by the end of the decade. Half a percent of that is 800,000.
That is the CBO, liberals – your gold standard of what is going to happen. You’ve been telling us for the past two years that what CBO says, goes…and now the CBO is saying that 800,000 people won’t have jobs once ObamaCare is fully implemented. Have you got an answer for this? Or will you run and hide, and essentially admit that you were just cherry-picking data you liked vis a vis ObamaCare?
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