[Ed. – When a lifeline absolutely, positively has to be thrown…]
At least one Republican is setting the record straight on what the Congressional Budget Office actually said this week about Obamacare and its effect on jobs.
House Budget Chair Paul Ryan (R-WI) explained in a Wednesday hearing with CBO director Doug Elmendorf that the health care reform law wouldn’t cost the U.S. economy more than 2 million jobs, as many of his colleagues alleged, but that Americans would choose to work less.
“I want to make sure we accurately understand what it is you are saying,” Ryan said, before leading Elmendorf through a series of questions to explain the report and its findings.
Ryan and Elmendorf combined to explain that Obamacare would lead to a decrease in the number of hours worked by up to 2 percent in 2024. Most of that drop, the CBO said, would be the result of Americans choosing not to work, for various reasons, but not because employers would want to hire fewer workers on account of the law. Translate those lost hours into full-time employment and it equals up to 2.5 million jobs by 2024. But that’s not the same as jobs being cut.
“Just to understand, it is not that employers are laying people off,” Ryan said.
“That is right,” Elmendorf said.