Let me guess emperor obama, this is Fox News & Bill O’Reilly’s fault too? Part-time jobs are now full-time jobs no thanks to this gift the super majority demoncrats and Chief Justice Roberts gave the nation! How can a nation be in economic recovery when there are 100 million people out of work and the law of the land is going to put more on the street? This monster the progressives have created is going to come apart at the seams how many Americans though will go to the polls a re-elect everyone who either got us here or have done nothing to stop it? Take note I said progressives which includes republicants like those who went against Ted Cruz last year who tried to stop this train wreck!
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Obamacare will push 2 million workers out of labor market
By Stephen Dinan | Washington Times
Obamacare will push the equivalent of about 2 million workers out of the labor market by 2017 as employees decide either to work fewer hours or drop out altogether, according to the latest estimates Tuesday from the Congressional Budget Office.
That’s a major jump in the nonpartisan budget agency’s projections and it suggests the health care law’s incentives are driving businesses and people to choose government-sponsored benefits rather than work.
“CBO estimates that the ACA will reduce the total number of hours worked, on net, by about 1.5 to 2 percent during the period from 2017 to 2024, almost entirely because workers will choose to supply less labor — given the new taxes and other incentives they will face and the financial benefits some will receive,†CBO analysts wrote in their new economic outlook.
The scorekeepers also said the rollout problems with the Affordable Care Act last year will mean only 6 million people sign up through the state-based exchanges, rather than the 7 million the CBO had originally projected.
But over the long run, Obamacare will eventually catch up and by 2020 only about 30 million people will be without insurance coverage — down from 45 million this year. That will mean about 92 percent of legal U.S. residents without guaranteed access to Medicare will have insurance coverage…more