Midknight Review -- new and revised: ObamaCare will cost our economy another 2 million jobs by the end of 2016, Obama's last year in office.

Obamacare will push the equivalent of about 2 million workers out of the labor market by 2017 as employees decide either to work fewer hours or drop out altogether, according to the latest estimates Tuesday from the Congressional Budget Office.

That’s a major jump in the nonpartisan budget agency’s projections and it suggests the health care law’s incentives are driving businesses and people to choose government-sponsored benefits rather than work.

“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 and the financial benefits some will receive,” CBO analysts wrote in their new economic outlook.

Editor's notes: The article, above, goes on to fix the total number of folks not covered by Obama's "universal health care scheme," at 30 million, down from "45 million" before the laws implementation. There was a time when that "45 million" number was "30 million," but that number was changed so that Progressives can brag about the increase in coverage numbers.

In the end, ObamaCare is not "universal," nor "cheaper," nor able to offer a better insurance plan to those who have to pay for this idiot program. Indeed, more of the poor will be covered, but waste, fraud, and mismanagement will cost the American taxpayer more than two billion per year, by current estimates.

We would have been better off simply to have given the poor, money to buy insurance, rather than to have captured 20% of the nation's economy for a blotted program that has become a joke before its reaches its 6 month anniversary. There is no reason to believe that this program will be any more successful, financially speaking, than Medicare (42 trillion in the hole) or Social Security (17 trillion in debt to itself).

The Stated Nonsense from the Left now includes these Progressive goals:

July 2, 2008, Obama had this to say: "We cannot continue to rely only on our military in order to achieve the national security objectives that we've set. We've got to have a civilian national security force that's just as powerful, just as strong, just as well-funded."

MICHELLE OBAMA: "Barack knows that we are going to have to make sacrifices; we are going to have to change our conversation; we're going to have to change our traditions, our history; we're going to have to move into a different place as a nation."

“ . . . . . . they have become a generation of activists possessed with that most American of ideas – that people who love their country can change it.” -- Obama the Radical

On September 30, Van Jones told MSNBC "I think everybody should hold onto your seats. October is going to be the turning point when it comes to the progressive fight back."

Midknight Review -- new and revised

ObamaCare will cost our economy another 2 million jobs by the end of 2016, Obama's last year in office.

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