To the tune of 800,000 jobs. That’s the word of Doug Elmendorf, head of the Congressional Budget Office, in testimony before Congress today.
Campbell: You just mentioned that you believe—or that in your estimate, that the health-care law would reduce the labor used in the economy by about one half of one percent. Given that, I believe you say, there’s 160 million full-time people working in 2021, that means that, in your estimation, the health-care law would reduce employment by 800,000 in 2021. Is that correct?
Elmendorf: Yes. The way I would put it is that we do estimate, as you said, that household employment will be about 160 million by the end of the decade. Half a percent of that is 800,000.
Never mind “If you like your coverage, you can keep your coverage.” By passing ObamaCare, the genius Democrats threaten our very livelihoods.