Skip to main content
  1. News
  2. Politics
  3. Republican

ObamaCare will cost America more than two million jobs

See also

The nonpartisan Congressional Budget Office issued a report this morning that finds ObamaCare will cost America roughly 2.5 million jobs through 2024.

According to the Wall Street Journal's Damian Paletta, the "rolling impact of the law will lead to 2 million fewer workers in 2017, 2.3 million in 2021 and 2.5 million through 2024." That will represent a 1.5% to 2.0% reduction in the numbers of hours worked.

At the Washington Times, Stephen Dinan reports that this is "a major jump" in the CBO's projections and suggests ObamaCare's incentives are "driving businesses and people to choose government-sponsored benefits rather than work." In other words, businesses are cutting jobs due to ObamaCare regulations, and the fact that the Obama-economy, thanks in part to ObamaCare, will force millions of Americans to leave the workforce.

According to Dinan, the CBO also said that the inept ObamaCare roll out will result in only six million people signing up through the state-based exchanges, rather than the seven million the CBO originally projected.

I wonder how the Obamacrats are going to spin this one? Trying to convince everyone there is a difference between "people leaving the workforce" and "costing jobs" isn't going to cut it. It's desperate.

Advertisement

News

  • Mt. Everest avalanche
    Disaster strikes Mt. Everest as at least 12 people were killed in an avalanche
    Video
    Watch Video
  • Most Earthlike planet discovered
    The Kepler telescope has discovered the most Earthlike, possibly habitable planet yet
    Space News
  • Easter crosses create debate
    Easter crosses spark a debate of separation of church and state in Ohio
    Headlines
  • Chelsea Clinton is preggers
    Former first daughter Chelsea Clinton is pregnant with her first child
    Headlines
  • Stanley Cup playoffs
    The battle for Lord Stanley's Cup is on, don't miss a minute of playoff action
    Sports
  • Ukraine discussed amongst U.S., E.U., Russia
    The U.S., E.U. and Russia agree on ways to diffuse the tension in Ukraine
    Video
    Watch Video

User login

Log in
Sign in with your email and password. Or reset your password.
Write for us
Interested in becoming an Examiner and sharing your experience and passion? We're always looking for quality writers. Find out more about Examiner.com and apply today!