CBO Director Douglas Elmendorf told the House Budget Committee on Thursday that the health care law will reduce employment by 0.5 percent by 2021 because some people will no longer have to work just to afford health insurance.
“That means that if the reduction in the labor used was workers working the average number of hours in the economy and earning the average wage, that there would be a reduction of 800,000 workers,” Elmendorf said in an exchange with Rep. John Campbell (R-CA).
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“More bad news for American families,” was how Budget Committee Chairman Paul Ryan’s office described the report in a release.
“Since day one Republicans have opposed Obamacare for a simple reason: it would destroy jobs. Minority Leader Pelosi, Leader Reid and others said we were wrong. Guess not," said John Murray, deputy chief of staff for Majority Leader Eric Cantor.
http://www.politico.com/news/stories/0211/49273.htmlAnd already the idiots are running with it:
Job KillingCBO: Obamacare will cost an estimated 800,000 jobsCBO Director: 800,000 People Will Lose Their Jobs Because of ObamaCareCBO Director Says Obamacare Would Reduce Employment by 800,000 Workers