Job Loss Due to Obamacare?

In testimony before the House Budget Committee, Doug Elmendorf, Director of the Congressional Budget Office came to that difficult point where you have to put the truth on the table, even if the truth is ugly as sin. 

Chairman of the House Committee, Rep. Ryan, the committee and now us know that Obamacare is expected to reduce the number of jobs in the labor market by an estimated 800,000.

That is an amazing statement, in light of how many times you have heard that Obamacare will create jobs.  It seems the only jobs that will be created will be the 16,000 additional IRS employees needed to understand and enforce this law.  Think of the efforts underway now to reduce unemployment.  This slam against the nation and its people will only make things worse.

Committee Chairman Paul Ryan gave opportunity to have Mr. Elmendorf repeat his statement, just so everyone understood.

There is no way I can support such a piece of worthless regulation.