Nancy Pelosi predicted CBO’s terrible Obamacare report

On Tuesday, the Congressional Budget Office released its regular report scoring Obamacare’s impact on the budget and economic outlook over 10 years. It fails, of course. Big time. But at least Democrats saw it coming.

While arguing in support of the bill just after its passage in 2010, House Speaker at the time, Nancy Pelosi called Obamacare an “entrepreneurial bill”:

…a bill that says to someone, if you want to be creative and be a musician or whatever, you can leave your work, focus on your talent, your skill, your passion, your aspirations because you will have health care.

Nevermind that someone else will be subsidizing your funemployment. Not only was this loss of 2.5 million jobs over 10 years expected, it was celebrated by Pelosi (and presumably many other Democrats) as a good thing.

Now, there is certainly a case to be made for the ability of people to pursue their ideal career path rather than the one that provides the best health benefits. However, if you use that as an argument in support of Obamacare, you cannot also argue that it is a net job creator. Either it lets people quit their jobs and keep their health insurance to pursue longer term goals, or it creates jobs. In net terms, it can’t do both.

Democrats are going to have to decide very quickly how they want to respond to this CBO report and how its findings correspond with their support for Obamacare. Voters will again be judging them on it this November.

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