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02-14-2011, 03:09 PM #1
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CBO: Obamacare Will Kill 800,000 Jobs Over Decade
CBO: Obamacare Will Kill 800,000 Jobs Over Decade
Monday, February 14, 2011
By Dan Joseph
CBO Director Douglas Elmendorf
CBO Director Douglas Elmendorf (AP photo)
(CNSNews.com) – On the same day that House Democratic Leader Nancy Pelosi (D-Calif.) was chiding House Republicans over job creation, the director of the Congressional Budget Office was testifying in the House Budget Committee that the health-care law President Barack Obama signed last year will kill about 800,000 American jobs over the next decade.
CBO Director Douglas Elmendorf was responding to a question from Rep. John Campbell (R-Calif.) regarding an August report from the CBO.
“We do estimate, as you said, that the household employment will be about 160 million by the end of the decade and half a percent of that is 800,000,â€
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