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Re: CBO Forecasts that by 2017 over 2 Million will leave the job market due to Obamacare

Posted by italianstallion on Tue Feb 4 23:56:08 2014, in response to Re: CBO Forecasts that by 2017 over 2 Million will leave the job market due to Obamacare, posted by The silence on Tue Feb 4 23:06:45 2014.

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NYT:

The report did say that the law would reduce hours worked and full-time employment, but not because of a crippling impact on private-sector job creation. With the expansion of insurance coverage, the budget office predicted, more people will choose not to work, and others will choose to work fewer hours than they might have otherwise to obtain employer-provided insurance. The cumulative reduction of hours is large: the equivalent of 2.5 million fewer full-time positions by 2024, the budget office said.

The report “rightfully says that people shouldn’t have job lock,” said Senator Harry Reid of Nevada, the Democratic leader. “We live in a country where we should be free agents. People can do what they want.”

He continued: “Republicans talk about losing millions of jobs. That simply isn’t true.”

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