Turns out Republicans were right when they labeled ObamaCare a “job-killing” law. According to the Congressional Budget Office, it’s an 800,000-jobs-killing law:
Keep in mind, I have repeatedly said the CBO has been working with overly rosy assumptions about ObamaCare (forced onto them by the congressional Democrats who wrote the law; CBO must score bills and laws as they’re written, not as they’re most likely to turn out). So, it seems likely that a job loss of just half a percentage point — those 800,000 jobs — is the best-case scenario.
The retort from Democrats seems to be that the loss of these 800,000 jobs is OK, because the figure represents workers who will choose not to work — because they won’t need to work just to have health insurance — rather than workers who won’t be able to find jobs.
Actually, I think that’s even worse: The implication is that taxpayers — 800,000 fewer taxpayers than there would otherwise be, remember — will be footing the bill for these non-workers. That’s exactly the opposite of what we need, and another example of why those rosy deficit-reduction numbers for ObamaCare will never come to pass.
– By Kyle Wingfield
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