Congressional Budget Office Director Doug Elmendorf was being questioned before the House Budget Committee yesterday and added to the list of the glorious side-effects of Obamacare:
Rep. [John] Campbell: 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?
Director Elmendorf: 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.
Oh sure, almost a million more people will be out of work, but thanks to Obamacare they’ll all have health care! The mad genius in the Democrats’ plans are that the disastrous results of their policies supply the rationale for implementing even more of their catastrophic policies.
Besides, according to Nancy Pelosi, unemployment is the best way to create jobs. Somehow under this philosophy, only when everybody is out of work will we have full employment.
Obamacare to the rescue!