Wednesday, February 05 th, 2014 · In , , ,

Obama CharlieCharlie Crist Is Obamacare’s Biggest Supporter, Even Though New Report Shows It Kills Jobs, Slows Growth And Adds To The Deficit

STATEMENT FROM RPOF CHAIRMAN LENNY CURRY“Charlie Crist is using his book tour to double down on Obamacare, but this new law doubles down on our record deficits while also hurting our economy. For a governor who had one of the worst jobs records in the entire country during the recession, it’s no surprise that Charlie Crist supports a failed law that will kill millions of jobs in America.”

ON THE O’REILLY FACTOR LAST NIGHT, CHARLIE CRIST SAID OBAMACARE WAS “THE RIGHT THING TO DO”
NEW NON-PARTISAN REPORT DETAILS DEVASTATING IMPACT OBAMACARE HAS ON THE ECONOMY, NATIONAL DEBT

The Washington Examiner: “White House In Damage Control Over CBO Report.” (Brian Hughes, “White House in damage control over CBO report,” Washington Examiner, 2/4/14)

  • The Washington Post: “The Worst Headline For Democrats This Year: ‘CBO: Botched Health-care Law Rollout Will Reduce Sign-Ups By 1 Million People.’” (Chris Cillizza, “The Worst Headline For Democrats This Year,” Washington Post, 2/4/14)

Non-Partisan Congressional Budget Office Says Obamacare Is Expected To Cut 2.3 Million Full-Time Workers by 2021. “The Affordable Care Act is projected to reduce the number of full-time workers by roughly 2.3 million people through 2021 … The rolling impact of the law will lead to 2 million fewer workers in 2017, 2.3 million in 2021 and 2.5 million through 2024. This represents a 1.5% to 2.0% reduction in the numbers of hours worked.” (Damian Paletta, “Health-Care Law Expected To Cut 2.3 Million Full-Time Workers By 2021,” Wall Street Journal, 2/4/14)

  • Obamacare Provisions Are Placing Such A High Cost On Businesses That They Will Downsize To Cover The Costs. “‘CBO estimates that the ACA will reduce the total number of hours worked, on net, by about 1.5 to 2 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.’” (Stephen DInan, “Obamacare Will Push 2 Million Workers Out Of Labor Market: CBO,”Washington Times, 2/4/14)

CBO Also Says That Economic Growth Will Slow Because Of Obamacare. “The new healthcare law will slow economic growth over the next decade, costing the nation about 2.5 million jobs and contributing to a $1 trillion increase in projected deficits, the Congressional Budget Office said in a report released Tuesday … The CBO is now estimating that the law will reduce labor force compensation by 1 percent from 2017 to 2024, twice the reduction it previously had projected … It said this decrease would be caused partly be people leaving the workforce in response to lower jobs offered by employers, and increased insurance coverage through the healthcare law.” (Erik Wasson, “CBO: O-Care Slowing Growth,” The Hill, 2/4/14)

Obamacare Also Contributes $1 Trillion In Projected Deficits Over The Next Ten Years. “The new healthcare law will … contribute to a $1 trillion increase in projected deficits, the Congressional Budget Office said in a report released Tuesday … By 2023, the gross debt of the United States will be $26 trillion, up from a projected $25 trillion. A year later the debt will rise to $27 trillion as the $1.074 trillion deficit for fiscal 2024 is added in.” (Erik Wasson, “CBO: O-Care Slowing Growth,” The Hill, 2/4/14)

  • Deficits Will Continue To Rise For The Rest Of The Decade. “CBO projected the deficit will continue to fall in 2014 and 2015 before rising slowly and steadily through the rest of the decade. It estimated the deficit in 2014 will fall to $514 billion, which represents 3.0% of gross domestic product. The deficit was roughly $680 billion in 2013, which is 4.1% of GDP. The White House has long seen 3.0% as a deficit target.” (Damian Paletta, “Health-Care Law Expected To Cut 2.3 Million Full-Time Workers By 2021,” Wall Street Journal, 2/4/14)