The Congressional Budget Office released a report Tuesday forecasting that subsidies "that decline with rising income" built into Obamacare will likely dissuade some people from seeking employment, resulting in the further loss of "the equivalent" of over two million full-time positions.
Another interesting, but unsurprising, finding from the CBO report is regarding the rise of disability benefits, which are tempting for people "with moderate disabilities" who are having difficulty finding work. As pointed out, once individuals are approved for these taxpayer funded benefits, "very few recipients leave the program."
The long-term unemployed, the CBO points out, accounts for approximately four million people, "compared with 1.3 million people before the recession."
But Democratic Rep. Sheila Jackson Lee of the newly-formed "Congressional Full Employment Caucus," which consists solely of Democrats from the Congressional Black Caucus, has indicated her committee's goal of drafting executive orders for President Obama to sign to address the unemployment problem.
As reported by Patrick Howley of the Daily Caller yesterday, Lee said in part,
“I believe this caucus will put us on the right path and we'll give President Obama a number of executive orders that he can sign with pride and strength.”
“In fact, I think that should be our number one agenda. Let’s write up these executive orders — draft them, of course — and ask the president to stand with us on full employment.”
It seems that President Obama's repeated assertions that he will actively disregard the founding fathers' vision of "checks and balances" have made their mark on Rep. Lee.
Michael Dorstewitz of BizPac Review posted the video of Rep. Lee's comments.