The Congressional Budget Office has come out with a report on the effects of Affordable Care Act on the U.S. economy. As Erik Wasson of The Hill reports, the findings are not pretty.
lower economic growth over the next decade:
… costing the nation about 2.5 million jobs and contributing to a $1 trillion increase in projected deficits,
… a decrease the number of full-time equivalent jobs in 2021 by 2.3 million.
… a decrease the number of full-time equivalent jobs in 2021 by 2.3 million.
Also:
… employer penalties in the law will decrease wages [with] part-year workers … slower to return to the work force because they will seek to retain ObamaCare insurance subsidies.
Has to be the work of Tea Party extremists.
