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Washington Post Headline, February 20, "With 2015 Budget Request, Obama Will Call For an End to Era of Austerity."

And when has Obama ever been for "austerity?"

Posted February 25, 2014

Obamacare More Cancellations in Many States than Sign Ups

Looking at what the National Republican Senatorial Committee compiled that showed the true failure of Obamacare...especially in the battleground states. Just another failed promise by the Obama Administration.

Posted February 19, 2014

Obamacare Will Kick 2 Million Workers Out of the Market

Today, the Congressional Budget Office (CBO) projects that by 2017 Obamacare will cause over 2 million workers to be pushed out of the market. By 2024, over 2.5 million. This is just another instance that shows how badly we need a conservative majority in the Senate to save America from this disastrous law.


CBO noted on p. 117 of the report:

"CBO estimates that the ACA will reduce the total number of hours worked, on net, by about 1.5 percent to 2.0 percent during the period from 2017 to 2024, almost entirely because workers will choose to supply less labor-given the new taxes and other incentives they will face and the financial benefits some will receive. Because the largest declines in labor supply will probably occur among lower-wage workers, the reduction in aggregate compensation (wages, salaries, and fringe benefits) and the impact on the overall economy will be proportionally smaller than the reduction in hours worked. Specifically, CBO estimates that the ACA will cause a reduction of roughly 1 percent in aggregate labor compensation over the 2017-2024 period, compared with what it would have been otherwise.

The reduction in CBO's projections of hours worked represents a decline in the number of full-time-equivalent workers of about 2.0 million in 2017, rising to about 2.5 million in 2024. Although CBO projects that total employment (and compensation) will increase over the coming decade,that increase will be smaller than it would have been in the absence of the ACA."


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Posted February 04, 2014
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