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February 05, 2014


Live by the CBO, Die by the CBO

Dana Millbank: "The congressional number-crunchers, perhaps the capital's closest thing to a neutral referee, came out with a new report Tuesday, and it wasn't pretty for Obamacare. The CBO predicted the law would have a 'substantially larger' impact on the labor market than it had previously expected: The law would reduce the workforce in 2021 by the equivalent of 2.3 million full-time workers, well more than the 800,000 originally anticipated. This will inevitably be a drag on economic growth, as more people decide government handouts are more attractive than working more and paying higher taxes."

"This is grim news for the White House and for Democrats on the ballot in November. This independent arbiter, long embraced by the White House, has validated a core complaint of the Affordable Care Act's (ACA) critics: that it will discourage work and become an ungainly entitlement. Disputing Republicans' charges is much easier than refuting the federal government's official scorekeepers."

First Read: "Make no mistake: In the world of soundbites and 30-second TV ads, the CBO's language here is politically problematic for the Obama White House."

The Week: Why both parties think the CBO proved them right.














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