02-05-2014, 04:31 PM
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in a van by the river
Industry Role:
Join Date: May 2003
Posts: 76,806
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Quote:
Originally Posted by Vendzilla
From what I read on the actual report
http://cbo.gov/sites/default/files/c...utlook2014.pdf
This from page 117
The reduction in CBO?s projections of hours worked represents a decline in the number of full-time-equivalent workers of about 2.0 million in 2017, rising to about 2.5 million in 2024.
They talk about how the economy is not going to get much better the way things are going and how because of Obamacare, people are just going to stop working. The labor force participation rate is going to continue to drop and economic growth will be stagnate.
Now wasn't it promised that it was going to create jobs? |
Politifact says this is mostly false..
http://www.politifact.com/punditfact...ll-time-jobs-/
Quote:
Carlson said that the CBO predicts that Obamacare will cut the number of full-time jobs by 2.3 million. The word "cut" sends the message that jobs are being taken away, but that's not the case. On top of that, the statement confuses the number of jobs with the number of workers, and more specifically, the number of hours worked. The CBO said the health care law will give more people an incentive to reduce their hours; some will limit their hours and some will stop working altogether by their own choice. The law would not push up unemployment.
It can be easy to miss the distinction between jobs and workers, but the statement remains flawed. We rate the claim Mostly False.
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