Posted By LambChop
The CBO is apparently channeling Fox News, and being subsidized by Ted Cruz and the Koch brothers. In their latest report, the Congressional Budget Office reported that Obamacare will kill the jobs of at least 2 million workers and drive them out of the labor market by 2017. Why? Because Obamacare punishes businesses who hire full-time employees.
Of course, combine that with the stagnation of the U.S. economy in general, the outlook is grim. The CBO also added an extra $1 trillion to the cumulative deficit over the next decade.
To make matters worse, the CBO projected that public debt will rise to 80% of the GDP by 2024.