President Obama's re-election campaign is feeling the heat of a new voter poll this morning. Very few...
CBO: Obamacare Will Kill 800,000 Jobs Over Decade
(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,” said Elmendorf. “That means that if the reduction in the labor used was workers working the average number of hours in the economy and earning the average wage, then there would be a reduction of 800,000 workers”...
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