Posted on | February 4, 2014 | 11 Comments
The new healthcare law will slow economic growth over the next decade, costing the nation about 2.5 million jobs and contributing to a $1 trillion increase in projected deficits, the Congressional Budget Office said in a report released Tuesday.
The Affordable Care Act will reduce the number of full-time workers by more than 2 million in coming years, congressional budget analysts said Tuesday in the most detailed analysis of the law’s impact on jobs.
ObamaCare is a disaster in pretty much exactly the same ways that Republican opponents of the bill predicted four years ago, although it’s also been a disaster in ways that even its harshest opponents did not predict. The problem for Obama, Democrats and their media allies is that they have treated the failure of ObamaCare as a matter of public-relations, as if the reality of failure could be concealed by a P.R. blitz claiming that it was actually a success. But the laws of economics can’t be changed by wishful thinking or political spin, and the failure of ObamaCare is a matter of basic economics.