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   From: farout@healthfraud.com   
      
   The long-term effect of ObamaCare on the U.S. economy was   
   rewritten Tuesday with the Congressional Budget Office issuing a   
   revised projection that nearly 2.5 million workers could opt out   
   of full-time jobs over the next 10 years -- allowing employers   
   to wipe 2.3 million full-time jobs off the books.   
      
   Budget experts say that because ObamaCare offers an insurance   
   alternative to employer provided coverage, many Americans who   
   hold full-time jobs may decide to work part-time -- or not at   
   all -- and get their coverage from the exchanges.   
      
   Following the release of the report, House Speaker John Boehner   
   said the report showed how “the middle class is getting squeezed   
   in this economy.”   
      
   The report drew immediate reaction from GOP lawmakers, including   
   House Speaker John Boehner who said the report indicates   
   ObamaCare is only making it harder for middle-class Americans to   
   survive in the bad economy.   
      
   Others, like Rep. Paul Ryan, R-Wisc., weighed in.   
      
   “ObamaCare is only making things worse,” Ryan said in a written   
   statement. “This costly law is not only pushing government   
   spending to new heights, it is disrupting coverage and leaving   
   millions of Americans worse off.”   
      
   The budget office says jobs will also be lost because employers   
   may choose to hire less full-time workers or reduce the hours of   
   their staff.   
      
   In 2010, the CBO projected ObamaCare would lead to about 650,000   
   fewer jobs. Tuesday’s new 2.3 million estimate is significantly   
   higher.   
      
   The report states ObamaCare will also lead to a reduction of the   
   net number of total hours worked by as much as 2 percent in the   
   period from 2017 to 2024. It states that “lower-wage workers”   
   will see the biggest reduction in the number of hours worked.   
      
   The agency also reduced its estimate of the number of uninsured   
   people who will get coverage through the health care law.   
      
   The budget experts now say about 2 million fewer people will get   
   covered this year than had been expected, partly because of   
   website problems that prevented people from signing up last fall   
   when new markets for subsidized private insurance went live.   
      
   Sen. Orrin Hatch, a ranking member of the Senate Finance   
   Committee, called the report “devastating” to the millions of   
   Americans seeking employment.   
      
   “A direct threat to the long-term health and prosperity of our   
   nation, this law must be repealed,” Hatch, R-Utah, said in a   
   statement. “Its impact and consequences are too great.”   
      
   House Budget Committee Chairman Paul Ryan said the report   
   indicates ObamaCare is making things worse for Americans.   
      
   “This costly law is not only pushing government spending to new   
   heights; it is disrupting coverage and leaving millions of   
   Americans worse off,” Ryan, R-Wis., said.   
      
   However, the White House focused on the report's claim that the   
   loss of jobs will not be due to employers cutting back, but due   
   to Americans choosing to voluntarily leave the workforce. White   
   House spokesman Jay Carney said in a statement the report proves   
   ObamaCare is allowing Americans to be "empowered" to make such a   
   choice.   
      
   "At the beginning of this year, we noted that as part of this   
   new day in health care, Americans would no longer be trapped in   
   a job just to provide coverage for their families, and would   
   have the opportunity to pursue their dreams," he said. "This CBO   
   report bears that out, and the Republican plan to repeal the ACA   
   would strip those hard-working Americans of that opportunity."   
      
   Carney also says the report does not take into account the   
   estimate by experts that lower health care costs due to   
   ObamaCare will lead to thousands of jobs being added to the   
   economy annually.   
      
   The report also predicted the U.S. budget deficit would fall to   
   $514 billion this year, down substantially from last year and   
   the lowest level by far since President Obama took office five   
   years ago.   
      
   http://www.foxnews.com/politics/2014/02/04/obamacare-expected-to-   
   lead-to-loss-nearly-25-million-american-jobs-report-says/   
      
       
      
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