CBO Director: Obamacare...'will reduce the amount of labor used'

Discussion in 'Politics' started by carpro, Oct 28, 2010.

  1. carpro

    carpro
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    http://www.cnsnews.com/news/article/cbo-director-obamacare-will-drive-people

    CBO Director: ObamaCare Will Drive People from the Workforce

    Wednesday, October 27, 2010
    By Matt Cover

    (CNSNews.com) – Congressional Budget Office Director Douglas Elmendorf said the most significant economic effect of President Barack Obama’s health care reform package will be to drive people out of the job market.

    “For the economy outside the health sector, the most significant impact of the legislation will be through the labor market,” Elmendorf said on Oct. 22.

    “We estimated that the legislation, on net, will reduce the amount of labor used in the economy by roughly half a percent, primarily by reducing the amount that people choose to work.”
     
  2. Dragoon68

    Dragoon68
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    It seems to be working - higher costs, lower service, more dependency, etc.! Change we didn't need but got anyway.
     
  3. carpro

    carpro
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    Maybe it's Obama's secret plan to improve the unemployment rate by just removing people from the workforce.

    Is this How to make a Nanny State 101?
     

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