Contrary to what Americans were Told … The CBO Says Obamacare Is Slowing Growth & Will Kill the Equivalent 2.5 Million Jobs in America Over the Next Decade
OBAMACARE IS THE GREATEST HOAX AND FRAUD THAT HAS EVER BEEN PERPETRATED UPON THE AMERICAN PEOPLE …
Not only is the Affordable Healthcare Act not affordable, it is also not the job creator that it was promised to be. As reported at The Hill, according to the Congressional Budget Office (CBO) said today that Obamacare is likely to kill 2.5 million jobs, while slowing overall economic growth over the next decade. This colossal fiasco is a nightmare for Americans and for America. The CBO also projected that “as a result of the ACA, between 6 million and 7 million fewer people will have employment-based insurance coverage each year from 2016 through 2024 than would be the case in the absence of the ACA.” This from the government’s own bean counters. Folks, you might want to remember this during the 2014 midterm elects as O-care was passed 100% by Democrats with 0% GOP support.
Those gullible fools believed that it was affordable, they believed it was a job creator, hahahahaha …
The new healthcare law will cost the nation the equivalent of 2.5 million workers in the next decade, the Congressional Budget Office (CBO) estimated in a report released Tuesday.
The nonpartisan agency found the reform law’s negative effects on employment would be “substantially larger” than what it had previously anticipated.
It said the equivalent of 2.3 million workers would be lost by 2021, compared to its previous estimate of 800,000, and that 2.5 million workers would be lost by 2024. It also projected that labor force compensation would be reduced by 1 percent from 2017 to 2024 — twice its previous estimate.
Although the CBO projects that total employment and compensation will increase over the coming decade, that increase will be smaller than it would have been in the absence of the healthcare law.
The findings immediately roiled the debate over the healthcare law on Capitol Hill ahead of this year’s midterm elections.
Remember when then Speaker of the House Nanacy Pelosi (CA-D) told us that Obamacare was not just about health security but it was also about jobs? She stated that Obamacare was a job creator and would create 4 million jobs and 400,000 jobs immediately? LIAR!!! You can watch the longer version of Pelosi’s lies on Obamacare HERE. What a pack of lies these people told to the American people and it was this fraud, along with other that got Barack Obama, the worst president in modern times, reelected.
CBO Delivers Sends Death Blow to Obamacare … you live by the CBO and you die by it as well.