{"id":2671,"date":"2011-02-11T13:42:18","date_gmt":"2011-02-11T13:42:18","guid":{"rendered":"http:\/\/www.rightwinggranny.com\/?p=2671"},"modified":"2011-02-11T13:42:18","modified_gmt":"2011-02-11T13:42:18","slug":"congressional_testimony_on_oba","status":"publish","type":"post","link":"https:\/\/www.rightwinggranny.com\/?p=2671","title":{"rendered":"Congressional Testimony On Obamacare"},"content":{"rendered":"

This story is from the Weekly Standard<\/a> Blog.  Another promise of Obamacare has been broken–the bill will not <\/strong>create jobs–it will cause unemployment.  This fact was made clear during Congressional testimony yesterday by Congressional Budget Office (CBO) Director Doug Elmendorf.  The testimony went as follows:<\/p>\n

\n

Chairman [Paul] Ryan<\/strong>: “[I]t’s been argued…that the new health care law will create jobs and increase labor force participation. But if I recall from your analysis, it was quite the opposite. Is that not the case?”<\/p>\n

Director [Douglas] Elmendorf<\/strong> : “Yes.”…<\/p>\n

[…]<\/p>\n

Rep. [John] Campbell<\/strong>: Thank you, Mr. Chairman, we’ll — and Dr. Elmendorf — and we’ll continue this conversation right now. First on health care, before I get to — before I get to broader issues, you just mentioned that you believe — or that in your estimate, that the health care law would reduce the labor used in the economy by about 1\/2 of 1 percent, given that, I believe you say, there’s 160 million full-time people working in ’20-’21.  That means that, in your estimation, the health care law would reduce employment by 800,000 in ’20-’21. Is that correct? <\/p>\n

Director Elmendorf<\/strong>: Yes. The way I would put it is that we do estimate, as you said, that…employment will be about 160 million by the end of the decade.  Half a percent of that is 800,000.<\/p>\n<\/blockquote>\n

How many broken promises will it take before this awful law is repealed? <\/p>\n","protected":false},"excerpt":{"rendered":"

This story is from the Weekly Standard Blog.  Another promise of Obamacare has been broken–the bill will not create jobs–it will cause unemployment.  This fact was made clear during Congressional testimony yesterday by Congressional Budget Office (CBO) Director Doug Elmendorf.  The … Continue reading →<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-2671","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/posts\/2671","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=2671"}],"version-history":[{"count":0,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/posts\/2671\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2671"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2671"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2671"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}