"CBO director: Obamacare won't kill jobs, it'll create them"

[applegrove]

CBO director: Obamacare won't kill jobs, it'll create them

by Joan McCarter at Daily Kos

http://www.dailykos.com/#

"SNIP....................................

"On page 124, the report estimates that the ACA will "boost overall demand for goods and services over the next few years because the people who will benefit from the expansion of Medicaid and from access to the exchange subsidies are predominantly in lower-income households and thus are likely to spend a considerable fraction of their additional resources on goods and services." This, the report says, "will in turn boost demand for labor over the next few years."

"When you boost demand for labor in this kind of economy, you actually reduce the unemployment rate, because those people who are looking for work can find more work, right?" Van Hollen asked Elmendorf.

"Yes, that's right," Elmendorf said.

Elmendorf added that the factor Van Hollen had identified was something CBO thinks "spurs employment and would reduce unemployment over the next few years.""



.................................SNIP"

[Rosa Luxemburg]

1. GOP lying again

[Cha]

2. Mahalo, apple~!

K&R!!

[davidpdx]

3. Just by shear fucking logic

The hospitals and clinics will be busier because more people will be able to access services that they have put off. In turn, they require goods and services from other companies who will see an uptick in their business. It's not brain science.

[doc03]

4. If 2.3 million people decide to retire or work less doesn't

that also create openings for new workers?