Thread: 800,000 Jobs Gone: CBO Admits Health Care Law Will Kill Jobs

800,000 Jobs Gone: CBO Admits Health Care Law Will Kill Jobs

February 10, 2011 at 4:23pm
by Naked Emperor News

Video: 800,000 jobs Gone CBO Admits Health Care Law Will Kill Jobs http://www.youtube.com/watch?v=Jskjci1Z ... r_embedded

http://www.theblaze.com/stories/800000- ... kill-jobs/

From a reply post:

This is a distortion of what the CBO said.

This is what is in the actual CBO report:

“The Congressional Budget Office (CBO) estimates that the legislation, on net, will reduce the amount of labor used in the economy by a small amount—roughly half a percent—primarily by reducing the amount of labor that workers choose to supply. That net effect reflects changes in incentives in the labor market that operate in both directions: Some provisions of the legislation will discourage people from working more hours or entering the workforce, and other provisions will encourage them to work more. Moreover, many people will be unaffected by those provisions and will face the same incentives regarding work as they do under current law.â€