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02-04-2014, 02:16 PM #1
2014 Budget Defecit To Drop To $514B, But...
According to the CBO the Federal defecit will drop to $514 billion in 2014, a pretty significant accomplishment, but will see significant increases in the near future thanks to Obamacare and soaring health care costs (weren't health care costs supposed to go down under Obamacare???). Interesting that even the CBO says Obamacare will bloat the defecit after all of the proponents argued that we anti-Obamacareites were wrong.
The nonpartisan Congressional Budget Office report out Tuesday sees America’s coffers being strained in the years ahead by entitlements under the new health care law, soaring health costs in general, and an aging population.
And wasn't Obama supposed to be creating jobs??.....
In 2021, the CBO expects Obamacare will have reduced the number of hours Americans are working equivalent to 2.3 million jobs. The CBO’s previous estimate for eventual job losses due to the law was 800,000.
http://swampland.time.com/2014/02/04...ngress-budget/
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