CBO: Guys, We Didn't Say Obamacare Would Cost 2.5 Million Jobs

[DonViejo]

Source: TPM

DYLAN SCOTT – FEBRUARY 10, 2014, 3:27 PM EST

The Congressional Budget Office issued its official rebuttal Monday to the Republican talking point that Obamacare would cost 2.5 million American jobs.

In a new FAQ explainer of last week's budget report, CBO director Doug Elmendorf, answering if 2.5 million people will lose their jobs by 2024 because of the health care reform law, said: "No, we would not describe our estimates in that way."

In the immediate aftermath of the CBO report, some Republicans characterized the report's findings as: The law would "cost" the U.S. economy up to 2.5 million jobs. The phrase quickly found its way into a Senate GOP web advertisement.

But what the CBO actually said was much different, as TPM reported. The agency said that some Americans would choose to stop working or work less because of the law. They could change their work habits for various reasons, such as starting a new business or choosing to spend time at home. The voluntary cutback in hours would be equal to 2.5 million full-time jobs.



Read more: http://talkingpointsmemo.com/dc/cbo-obamacare-jobs-clarification

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[sakabatou]

1. Republicans: Shut up! We reject reality and substitute our own!

[freshwest]

2. 'We' who? Who you mean when you say 'We'? Not me! Just kidding. n/t

[AtheistCrusader]

13. I think if you read the subject line carefully, you'll find your answer.

[House of Roberts]

3. Won't these 'voluntary cutbacks' mean that others will get hired?

What will that do for the unemployment rate?

[carla]

4. It should provide

2.5 million jobs. That is what I take that to mean, not counting the new jobs created by those who start their own business. Obamacare is working to fix one of the biggest problems in American domestic policy. That is why the GOP hate it.

[lastlib]

8. not only one of the biggest problems, but.....

one of the biggest reasons people are beholden to employers, i.e, the 1%ers and the corporations. That's redistributing their wealth! THAT's the real reason the GOP hates it.

[freshwest]

14. +1

[alp227]

5. excellent Democracy Now segment on the CBO report & media coverage

Transcript; video:

[freshwest]

15. Thanks, alp! n/t

[rhett o rick]

21. Yes the corp-media is spewing the REpubican talking points on this. nm

[sheshe2]

6. Kick!

[Cryptoad]

7. LMAO

the CBO is going to have to explain their reports in a special GOP release using GOP math and logic so they can understand what going on! Grasping Complex thoughts is so hard for the GOP!

[christx30]

18. Having a good

"Here is what we mean" coloring book with word searches, mazes, and connect-the-dots might not be a bad idea either. All are good, valid educational tools.

[malthaussen]

9. In other words, it will create 2.5 million jobs.

Actually, not at all. But it will allow 2.5 million people to have jobs who don't now.

-- Mal

[Kber]

17. It will reduce unemployment by the equivalent of 2.5 million jobs

You're welcome, DNC.

[Auntie Bush]

10. Then there will be more job opportunities for the unemployed.

A lot of people will be glad to quit or retire opening up jobs for others.
I know a couple teachers that would like to retire but need the HI...now they can!

[MysticHuman]

11. Exactly! I have family members who have worked in the mining industry

for 30 plus years. They are in their early to mid 50s and could retire with an adequate pension..but can't because their retirement package does not include insurance. So they would have to go out and buy their own which they can't afford...so they continue to work for the insurance.

Now that they have an option to get "affordable" insurance based on their income...they will be able to retire.

This will also open up more jobs for new employees and actually save the company some money since the new employees wages will be much less.

MH

[Cha]

12. Bob Hates his Job..

TOD

[bvar22]

16. 2.5 Million American Workers can choose to retire early OR leave jobs they don't want...

...because they can get Health Insurance through ObamaCare and NOT their employer.
Their jobs will become available to other who want them REDUCING Unemployment.

Here, let Jon Stewart explain it:

http://www.thedailyshow.com/watch/thu-february-6-2014/the-cbo-report

http://www.thedailyshow.com/watch/thu-february-6-2014/terror-on-bulls--t-mountain

[Spitfire of ATJ]

19. Cracks me up the way Republicans claim they voted for RMoney because "I believe in work"....

They actually believe the #1 threat to America is Commies who teach that you can just decide to not work and depend on the government.

Because,....ya know,....we ALL remember those days when the Soviet Union was a major threat because it was lazy.

[wordpix]

20. R talking pts. have no connection to reality

but that never stops them