From the DailyTimesNews.com:
WASHINGTON (AP) — Several million American workers will reduce their hours on the job or leave the workforce entirely because of incentives built into President Barack Obama’s health care overhaul, the Congressional Budget Office said Tuesday.
That would mean losses equal to 2.3 million full-time jobs by 2021, in large part because people would opt to keep their income low to stay eligible for federal health care subsidies or Medicaid, the agency said. It had estimated previously that the law would lead to 800,000 fewer jobs by that year.
Yes. ObamaKare is an abortion.
It’s the latest indication that “the president’s health care law is destroying full-time jobs,” said Republican Rep. John Kline of Minnesota, chairman of the House Education and the Workforce Committee. “This fatally flawed health care scheme is wreaking havoc on working families nationwide,” he said.
The agency sees the deficit sliding to $478 billion next year before beginning a steady rise years through 2024 that would bring the annual imbalance back above $1 trillion. Overall, it forecasts deficits totaling $7.3 trillion over the coming decade, about $1 trillion more than previously estimated.
“CBO expects that economic growth will diminish to a pace that is well below the average seen over the past several decades,” the report said, citing an aging population and a decrease in the rate of growth in the labor force.
The loving and understanding benefit of ObamaKare.
Not.
BZ
