CBO Report: Obamacare will cost 2.5 million jobs & increase deficit by $1 trillion

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It can't/won't EVER reach full employment because of statism run amok...policies like these. See also France and every welfare state with perma-double digit unemployment.

And btw, if people quit their jobs, that is less "aggregate demand" no matter how you spin or justify it - more proof of what a political hack fraud you are.

I guess we'll need a bigger 'stimulus' to offset that decrease in consumer spending, right? face)(*^%

It would if Obama could be like your hero Big Government Keynesian Reagan. These current conservative policies suck!
 

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It would if Obama could be like your hero Big Government Keynesian Reagan. These current conservative policies suck!

Nobody takes anything you say seriously.

Everyone reading this thread is now laughing hysterically and marveling how you managed to step into your own bullshit yet again!

@):mad:
 

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Nobody takes anything you say seriously.

Everyone reading this thread is now laughing hysterically and marveling how you managed to step into your own bullshit yet again!

@):mad:

You are one of the most mentally deranged person I know. People have been laughing at you your whole life. But I don't beat a dog when it's down. You have been beaten enough in your life.
 

Rx Normal
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You are one of the most mentally deranged person I know. People have been laughing at you your whole life. But I don't beat a dog when it's down. You have been beaten enough in your life.

The 140 pound placekicker just took a swing at me. That's really gonna leave a mark.

@):mad:
 

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The 140 pound placekicker just took a swing at me. That's really gonna leave a mark.

@):mad:

Not a swing at all. Just the truth. You are a real life psycho. Obsessed over some really weird shit. That's why smart people don't think like you. You have a weird mind.
 

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But, you're cool in my book as long as you don't make racist comments. You have a position and you put it out there. Are you retarded? Yes. But you are much better than the trolls that tell us how smart they are yet never put their intelligence on the line.
 

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Beccarsvl, Roseville, United States, 2 hours ago

I was getting 36+ hours a week at work and because of Obamacare they knocked me down to less than 26 hours a week because with Obamacare full time is anything over 29 hours a week not 40 like it use to be. Now I have to find another job to make up the hours I'm losing.



PurpleMama, South Florida, US, 3 hours ago

I'm a huge liberal, and a lifelong Democrat, and I voted Obama, but this whole ACA is a disaster. I was a single payer supporter, but hopeful that the ACA would be good enough. Well, it is not. My family is exactly who the ACA should be helping, but we get the boot. I've been paying $25k cash out of pocket for medical expenses and premiums for the past 3 years since we left jobs and expanded a small business. We have 3 kids, a pre-existing medical condition, are very educated and business owners paying taxes and boosting the economy while suffering in our personal lives because of the US insurance industry. We were told that even though we pay over $2,100 a month for medical insurance and out of pocket bills, I cannot use ACA to subsidize care for my family because we'd have to split up the plans and put my kids on state run insurance (a step above Medicaid) because our income is too low. Well, maybe if we weren't spending $25k a year for doctors, we'd have more cash! Ridiculous!!!!!!



 

"My Other Vehicle Is a Locomotive"
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Why the new CBO report on Obamacare is good news

http://www.latimes.com/business/hiltzik/la-fi-mh-cbo-20140204,0,3106578.story#axzz2sQy4CpDc


"The CBO, in any case, says that in 2015-2024, the government will pay out $8 billion in risk subsidies to the insurers but collect $16 billion. Real-world math says this is a gain to the Treasury of $8 billion; GOP math says it's a "bailout." You be the judge."

Hilarious.

Isn't it funny how that article doesn't mention adding more than $1 trillion to the deficit when Obama said ObamaCare would "bend the cost curve down"?
 

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Yes, people being able to retire or take care of their family since they have healthcare is such a horrible thing to do. We are monsters.

Right!

Because people will be able to "retire" or "not work" by paying more for health insurance than they were while they were working!

You people are deranged idiots.
 

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Why the new CBO report on Obamacare is good news

CBO said the debt will be 79% of GDP at the end of 2024 and "such a large debt poses a greater risk of precipitating a fiscal crisis"

Beyond 2017, CBO expects that economic growth will diminish to a pace that is well below the average seen over the past several decades

According to the CBO about 31 million non-elderly residents of the United States are likely to be without health insurance in 2024

CBO: "exchange subsidies effectively constitute a tax on labor supply"

Fewer workers, fewer folks with insurance through their employer, and lower wages, all detailed in the report.

I could do this all day.
 

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Its not 2.5 million jobs it's the equivalent of 2.5 million jobs in FTE's. Meaning people can choose to work less, can choose not to work at all, etc. It does not mean companies are going to cut 2.5 million employees

Page 124 of the CBO report you clearly did not read talks about Labor Demand.

Dope.
 

"My Other Vehicle Is a Locomotive"
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Many consumers faced hurdles signing up for Covered California health plans. Now they're having trouble finding in-network doctors.

I could quite literally do this all day.


So can I.

Insurance companies have been using limited provider networks for a long time. It's how they conducted business before Obamacare came along and, for better or worse, it's how they'll conduct business now that Obamacare is law. Market forces, not government, are the main reason insurers are introducing tighter networks. Yet the people objecting to the result are the same ones who say they love markets. Go figure.
 

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Hilarious.

Isn't it funny how that article doesn't mention adding more than $1 trillion to the deficit when Obama said ObamaCare would "bend the cost curve down"?



What more hilarious is blaming Obamacare only for the $1 trillion. If you're going to quote the CBO at least get your facts right.

The projected budget deficit in 2014 is $514 billion, according to CBO, the lowest level during President Barack Obama’s presidency and well below the $1.4 trillion deficit in 2009, which followed heavy federal spending and and a collapse in revenue after the financial crisis. After falling again next year, according to CBO, the deficit will mushroom to more than $1 trillion by 2022. The increase is almost entirely due to the cost of Social Security benefits, health care programs, and interest payments on the national debt—without those three items, federal spending as a percentage of GDP is actually lower than at any time since 1940, when reporting of such data began.
 

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What more hilarious is blaming Obamacare only for the $1 trillion. If you're going to quote the CBO at least get your facts right.

.

It is a fact.

PG 105: net cost to the federal government of $41 billion in 2014 and $1,487 billion over the 2015–2024 period

That is not "bending the cost curve down"

Remember when Obama said ObamaCare would cost the federal government $1.4 Trillion?

:nohead:
 

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So can I.

Insurance companies have been using limited provider networks for a long time. It's how they conducted business before Obamacare came along and, for better or worse, it's how they'll conduct business now that Obamacare is law. Market forces, not government, are the main reason insurers are introducing tighter networks. Yet the people objecting to the result are the same ones who say they love markets. Go figure.

I'm not objecting to the result.

I'm saying: I told you so.

Hey, remember when Obama said that you would have trouble finding a doctor when you signed up for ObamaCare?
 

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CBO’s Elmendorf just told the House Budget Committee hearing today that Obamacare “creates a disincentive to work
 

"My Other Vehicle Is a Locomotive"
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I'm not objecting to the result.

I'm saying: I told you so.

Hey, remember when Obama said that you would have trouble finding a doctor when you signed up for ObamaCare?


Hey, remember when I showed you it was the insurance companies themselves reducing the amount of doctors in network as the cost of doing business NOT because of The ACA?
 

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