‘YOU were right!’ New CBO Obamacare report is a major black eye for Obama Administration

Last week, the non-partisan Congressional Budget Office released a new report that refutes just about every promise once made by the Obama Administration in relation to the impact of Obamacare. We already knew Americans who liked their doctors and plans were not necessarily able to keeps those doctors and plans. In many cases, health insurance plans offered through the Obamacare exchanges offered less coverage with a higher deductible. Businesses were forced to reconsider hiring practices because of Obamacare-related benefits expansion.

Based on the new CBO report, we now also know:

Obamacare is NOT deficit neutral
Obamacare WILL cost millions of jobs
Obamacare WILL cause drop in employer-provided health insurance

“I thought before we move forward on anything, we really need to set the record straight because there was a really important thing that came out of the CBO… Last week, the CBO updated Congress on the impending effects of Obamacare,” Glenn said on radio this morning. “The numbers are not pretty. Upon the release of these numbers, the best defense the White House could come up with is: The CBO report is subject to misinterpretation. Is it? You know what’s not subject to misinterpretation? The fact that this Administration was lying to your face, looking you in the eye and lying to your face in 2009 and 2010, as they crammed Obamacare down your throat.”

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When this law was rammed through Congress in 2010, the leftists and media did anything and everything in their power to silence dissenters and pass off the concerns of anyone who disagreed. As it turns out, the concerns of those dissenters were, in many cases, true.

“They did everything they could to obstruct anyone who stood in the way. Not just obstruct, destroy… You knew what was going on. Common sense told us the federal takeover of one-sixth of the U.S. economy would be a very bad thing for this country,” Glenn said. “And four years later, after it has become law, after they have still gutted this thing so the really bad effects don’t hit yet, you’re just beginning to feel how bad this thing is going to be. Now the nonpartisan CBO confirmed our predictions and your predictions in this report. It backs up what we have said all along. It shows that we were not the ones that were wrong.”

When it came to Obamacare, President Obama declared priority number one for his administration was to ensure the law was deficit-neutral. Well, that is far from true.

Remember this promise from President Obama on June 15, 2009:

OBAMA: It is a cost that will not – I repeat – will not add to our deficits. I’ve set down a rule for my staff, for my team, and I’ve said this to Congress, healthcare reform must be and will be deficit-neutral in the next decade. Now, there are already voices saying the numbers don’t add up. They’re wrong.

Page 111 of the new CBO report has this to say about Obamacare and deficits:

CBO and JCT estimate the ACA coverage provisions will result in a net cost to the federal government of $41 billion in 2014 and $1.487 trillion over the 2015 to 2024 period.

“So $1.5 trillion in the next nine years. $1.5 trillion added. We don’t have the money,” Glenn said. “Progressives didn’t care about the promises then, and they don’t care about their promises now.”

Another Obamacare-related promise was the millions of jobs it would add to the U.S. economy. Remember this gem from then Speaker of the House Nancy Pelosi (D-CA) on February 25, 2010:

PELOSI: So this bill is not only about the health security of America. It’s about jobs. And it will create 4 million jobs – 400,000 jobs almost immediately. Jobs in the healthcare industry but in the entrepreneurial world as well.

This is what page 127 of last week’s CBO report has to say about Obamacare job creation:

The CBO’s updated estimate of the decrease in hours work translates to a reduction in full-time equivalent employment of about 2 million in 2014, rising to 2.5 million in 2024, compared with what would have occurred in the absence of the Affordable Care Act.

“From the very beginning, we knew the penalties associated with Obamacare, and we knew it would hurt the job mark, not help it. You knew that. You’re smart,” Glenn said. “Trust the American people. Trust the audience. They are smart. Show them the evidence, and they will come to the correct conclusion. It is not our job to do anything but bring you the evidence and let you figure it out.”

To further exacerbate the jobs problem, the CBO is also reporting that businesses will revaluate their hiring practices. On July 15, 2009, Glenn said this on his radio program:

GLENN: One tax on one small business costs between five and ten jobs. Think about that against the entire scale of the economy. You’ll begin to see what that plan is going to cost in free health care. The higher the tax, the less people get hired. The more people need government to give them health care or housing. This is a freedom grab.

Page 124 of the CBO report states:

Businesses also may respond to the employer penalty by seeking to reduce or limit their full-time staffing and to hire more part-time employees.

“Remember we are being lambasted. We were madmen. We were a danger. We were terrorists. We were absolutely everything because we stood against Obamacare,” Glenn said. “But you don’t need the CBO or me telling you what Obamacare was going to do to your business or job because you’re smart… You knew the truth. We knew the truth. The CBO now verifies that they were wrong about everything.”

While the CBO does corroborate the fears conservatives have had since Obamacare’s inception, it is still a bittersweet moment. The failure of Obamacare ultimately could mean the failure of the U.S. economy.

“It’s not satisfying to do [this] monologue. Really not satisfying because we are not looking to be right. I don’t want to be right. Being right means the destruction of our country, and there’s no satisfaction in that. I wish I could get on and say, you know, I was wrong. Obamacare is a success. And it’s working. And it’s not going to bankrupt our country… But we’re not,” Glenn concluded. “The question is: Are you prepared to stand and lead? Are you prepared? And who are you now saying I’m going to campaign for that person because I believe in that person, no matter what the party says.”

Read the entire CBO report below:

45010-Outlook2014

Front page image courtesy of the AP

  • MB

    C’mon Glenn! Really? This was done a week ago! You can’t expect your followers to ONLY watch the Blaze, they will have seen how the claims you are making were discredited within 48 hours of the report being published. You are living in a dreamworld man.

  • http://www.youtube.com/watch?v=V8FvmesaxXg Revan

    And your proof and please do not use liberal propaganda sites that play kiss rear with Obama 24/7.

  • http://www.youtube.com/watch?v=V8FvmesaxXg Revan

    Obamaunism is killing this country.

  • Anonymous

    Time to take benefits and perks from government officials, remove the elitism.. Dissidence is a result of the government going to far in their intrusion and demands, by bringing reality to them and making their plight more in line with your means, it will work to stop their overbearing ways and it is a object lesson that will stick….

  • Anonymous

    Lie number 1: “If you like your plan you can keep it.” Untrue for millions of people off the bat.
    Lie number 2: “Premiums will go down an average of $2,500 annually per family.” It’s gone up MORE than $2,500 per family on average. Liberals continue to bring up anecdotal exceptions and delusionally call it debunking Conservative concerns.
    I really have no desire to get into an intellectual pissing match. It doesn’t take a tenth of a brain to see that Obamacare is a disaster and it’s LESS affordable! Why would congress initially vote to exempt themselves from it if it’s so wonderful? Why is Obama delaying parts of the law willy nilly if it’s so great? Why not just let it happen? If it’s truly wonderful, then why would Republicans fight it in the first place? Don’t wonderful, bipartisan, non-threatening pieces of legislation get passed in a rubber stamp manner? Conservatives are human beings who need health care just as bad as the rest of us. They’ve offered alternatives like health savings accounts and they get ignored and lambasted and told to…”nope, come up with another alternative.” Basically, Democrats don’t want compromise, they want capitulation. I’m already sick of you. Is there insurance for that?

  • Anonymous

    We were told that because of this law, individuals will be empowered to make choices about their own lives and livelihoods, like retiring on time rather than working into their elderly years or choosing to spend more time with their families. White House spokesman Jay Carney said; “At the beginning of this year, we noted that as part of this new day in health care, Americans would no longer be trapped in a job just to provide coverage for their families, and would have the opportunity to pursue their dreams.” And that “the Republican plan to repeal the ACA would strip those hard-working Americans of that opportunity.”

    But now because of the Democratic plan to delay the implementation of the effects of the ACA, the “new day in healthcare” won’t take place “at the beginning of this year” after all. But why not? Could it be that what Jay Carney told us isn’t true? For the second time in a year, the Obama administration is giving certain employers extra time before they must offer health insurance to almost all their full-time workers. Under new rules announced Monday by Treasury Department officials, employers with 50 to 99 workers will be given until 2016 — two years longer than originally envisioned under the Affordable Care Act — before they risk a federal penalty for not complying. But wait a minute! Won’t this move “strip those hard-working Americans,” as Carney called them, of “the opportunity to pursue their dreams?” Why does the President now want Americans to “be trapped in a job just to provide coverage for their families” for another couple years?

    Despite what the President has been telling us (Surprise! Surprise!), lobbyists, who pay for democratic campaigns, are raising questions about the way the 2010 health-care law will work in practice. They are putting a lot of pressure on the President to delay his, much ballyhooed, signature legislation. And the reason for doing so is obvious, voters will be feeling the pain of this Democratic job-killer at just about the same time that they will be deciding on who to vote for. In fact, many across the ideological spectrum view this as an effort by the White House to defuse another health-care controversy before the fall midterm elections.

    To sum up; Rank and file Democrats are being misleadingly told that the ACA is good for us, while Republicans and the White House, knowing the real harm that it will do, are working against implementing it. The Republicans want to protect the people from the continued failure of ObamaCare. While Obama, a lawless, runaway president who can ignore laws for his own political purposes, is merely waiving the employer mandate for another year in a purely political decision designed to fool the voters just long enough to get their support one more time.

  • mspatdev

    I agree with you. Carney is very much wrong. People already have their choice of changing jobs if they aren’t happy with the one they have. They can go to another job and get good insurance as the last one had. carney, the demo’s and obammy must not know anything. If you notice that obammy will change obammycare at the whim of his fingers or lying mouth for that ALMIGHTY VOTE. I hope the people of the USA aren’t that stupid to believe him, because their insurance when they get it in 2015, will be a lot higher then this year, 2014.

  • mspatdev

    This obammy affordable health care is not offordable. He has brainwashed everyone in what a good insurance it is. There is something must worst just over the horizon. obammycare is not the godsend it’s promoted to be. It’s been designed to distract us all from something radically worse that is on the horizon. As I have told many people on many websites the o.h.c. has but one purpose and that is TO FAIL, once it is forced upon us. It is nothing but a political stone to get a much worst system.

    It wasn’t written to be the answer to our country’s Health Care system. It is not written to insure the insured. It is not an insurance. It is to destroy OUR HEALTH CARE SYSTEM. The Supreme Court said it was a TAX. The ultimate objective is a full 100% government takeover of the entire H. C. industry. When that happens which I think will be in about 18-24 months before obammy is through with his prez. He has always said that he will run in the elections in 2016 and 2020. He has changed a lot of the laws of OUR COUNTRY, THE USA. The Health Care system that we have today, not obammycare, will be in crumbles. Is that what all of you want? Remember he has phone and pen and SO DO WE. HE WANTS A ONE PARTY SYSTEM, DEMO’S. He has done so many presidential executive orders that aren’t legal. It seems no one can touch him to get rid of him and upholder. They are very dangerous, evil, and a dictactor in the w/h.

    Remember I have warned a lot of you on these websites. The single payer system will replace the o.h.c., then we will be a communist nation. Single payer means there is one “payer” of services, the federal government. Period. You have heard that the beaucrats will insert themselves into your personal health decisions. Your own doctors won’t have time to see you as he will have a lot more patients and will be controlled and rationed by the government. If you have company insurance, medicare, medicade you will not be spared. The Canadians and the British and other countries are similar and they all hate it. They have always come to the USA for their surgeries and health care. This is countries all over the world. Why do we need it? WE ARE A FREEDOM LOVING NATION. WE ARE NOT COMMUNIST AND WE ARE NOT CONTROLLED BY THE GOVERNMEENT. IN THE ELECTIONS IN NOVEMBER 2014, WE NEED TO VOTE OUT THE DEMO’S AND PUT IN THE GOP, AT LEAST WE CAN TRY AND PUT A STOP TO THIS OUTRAGIOUS MESS BY obammy and the demo’s.

    obammy wants the young people to pay the money for the old. The young people of this country are the ones that supported, volunteered, etc. for the votes of obammy FOR TWO TERMS. He is treating you like your nothing. Everyone will have their insurances go up and up each year. This is the death spiral. Remember, we will go to a single payer system where the communist government (USA), CONTROLS EVERY BODY’S LIVES INCLUDING YOUR S.S., 401k, BANK ACCOUNTS OR IRA.

  • TEXAS PATRIOT

    How can you continue to believe the “ANNOINTED ONE” is not lying? I can tell you, based on personal experience, that in order to keep the health insurance; which I DID like, would have increased my premiums 1,000%! Open your eyes, man!

  • Anonymous

    Just a One Trick Pony BM nothing new. Toadies get their marching orders and talking points to come onto the Blaze and comment no matter how absurd their arguments. Of course you will site your sources of “Discredited”?

    I say the CBO’s numbers are worse than they are reporting. Dear Leader and the Demowits are the ones handing the CBO the numbers to calculate and we all know those numbers are from rose colored glasses.

    BM was a champion of CBO numbers when the Demowits were passing this PoS law. Now people with bowel movements are attacking the numbers.

  • Anonymous

    BM is not interested in debate. He is only here to agitate.

  • Anonymous

    BM has no sources. He will never provide anything to back up his diatribes. He is only here to troll bomb the site.

  • TEXAS PATRIOT

    I just could not let him get away with that. I hit back with the truth.

  • Anonymous

    Obama is a criminal !

  • http://www.absoluteintensity.com dennis reilly

    I want to see that lazy Pelosi get a job in the health care industry to help the masses she promised with their health care and give her cushy job to an illegal immigrant she cares soooooooo much about

  • Anonymous

    The press wrote about the CBO report last week and Beck is giving an unbalanced view compared to almost every analysis I’ve read, including the Economist.

  • Jenn

    Satan….ooops…I mean Obama really needs to go…he has totally destroyed America…ummm…if there is really an America…or is it now called Obamica?

  • Difcan’s Avatar

    I’m pretty sure the only people who come here to defend this disaster are paid Administration staffers. Notice how they never offer any facts, or evidence. It’s always Glenn’s followers are gullible, bla bla bla. Difference, we are all quite concerned with the damage being caused to the country, while the Obamaites are only concerned with their dictators optics. Proving that he is a destructive liar, and that he wants nothing more than the downfall of the US, would make them kinda gullible in an epic sense wouldn’t it? Especially after we all tried to warn them over and over again. They were to busy calling us names and doing the whole destroy their political enemies thing, that they learned from the likes of Stalin, Mao, Hitler, and many more heroes of the left that they wish they were better at emulating.

    These guys are pretty much the biggest A-holes in human history.
    Their unadulterated love of self, a true benchmark of a good regressive liberal, will of course keep them from recognizing that fact. So I’m sure as their house of mirrors comes crashing down, we can expect more vitriol, and more senseless defense of the indefensible.

  • Bonnie Somer

    LOOK IF PEOPLE COW TOW TO THIS MARXIST PROGRESSIVE IT IS JUST LIKE HITLER HE ALSO TOLD PEOPLE WHAT HE WAS GNG TO DO AND DID IT IF WE SAY OR DO NOTHING WE ARE NOT WHO WE KNOW AMERICANS ARE TIME HAS PASSED BUT THE TIME IS COMING ALSO MAY 16TH BE IN WASHINGTON THE MOMENT IS COMING OBAMA CAN DO THE THINGS HE IS DOING B/C CONGRESS WALKS AROUND W/THEIR HEADS UP THEIR ASSES BOEHNER CAVES INSTEAD OF STANDING FOR OH POWER OF THE PURSE AND SECT 5 OF THE 14TH AMENDMENT GIVING CONGRESS POWER OVER THE DEBT LIMIT I’D GIVE OBAMA A LIST OF WHAT WE WANTED AND GO HOME

  • Difcan’s Avatar

    Sorry, Dumbocrats saying that people losing their jobs is a good thing, because it will make more room for family happy time, is not quite discrediting the CBO

  • Difcan’s Avatar

    Almost every analysis is written by those who defended this thing no matter how much evidence there was that it would in fact be a disaster. They are just trying to save their necks. Only a few sources out there that have a shred of credibility anymore. Just like science, now there is consensus on how economics works. Not hard data, just loosy goosy mamby pamby consensus from the so called “experts” who end up being wrong 90% of the time.

  • Difcan’s Avatar

    I agree with everything, except for replacing the Commies, with the GOP(commie lite)

    We need to get Tea Party people in every seat we can. To them, it is the country that matters, not their political futures.

  • MB

    No one is trying to discredit the CBO. But the cherry-picking of the CBO’s report by the opposition has been discredited.

  • Anonymous

    We’re talking about a non-partisan report, which you can read yourself. Regardless of the positive things the press and economic journals are summarizing, I read the report myself. The key statement in the report about employment is “workers will choose to supply less labor given the new taxes and other incentives they will face and the financial benefits some will receive”. That means people may leave because they will have the FREEDOM to do so as opposed to being stuck at a job they don’t want because they can’t get insurance elsewhere. Hmm, maybe people will work at jobs they actually want instead of making their work decisions based on whether they can get insurance. The healthcare industry will actually continue to create jobs. It also says the ACA is cheaper than it expected. Once again, Beck is poking his audience with unbalanced information. Read the report yourself.

  • Jon Galt

    And the MSM is STILL shilling for him.

    I look forward to the day I see those F*ckers starving in the streets.

  • mspatdev

    Some areas of the country doesn’t want the Tea Party. I like them very much. My state has two and they are better then the other two that we have. If the Tea Party can be with the GOP in the elections then that will be great. We can’t have them separate as the demo’s will crushed the Tea Party and the GOP. They have to be one party.

  • Anonymous

    Jon, wipe the froth from your mouth. You’ve got Fox, Beck, Hannity and Limbaugh feeding your frenzy. Try forming your own opinion by reading the report.

  • Anonymous

    There’s a total narcissism to it as well. I believe in God, and I take great pride in my faith. I have a HORRIBLE past. I was into a lot of sex and a lot of drugs and a lot of violence and I GREW UP IN THE CHURCH EVEN! After awhile I found none of it fulfilling. We are free to do what we want as humans. But life is SO awesome when you choose to do the right thing even when you don’t have to. I had to take a good look at myself and apologize to a lot of people for my actions. Do you know what I realized? Most of the best people were so happy that I wanted to better myself and come back to them that they forgave me unconditionally and forgot about my past. Others didn’t forgive me. The ones who took me back were CHRISTIANS in almost every case! My favorite Bible character outside of Christ was Solomon because he could have prayed for riches but he decided to pray for wisdom, and he received both. I haven’t received my riches yet but I have wisdom and THAT’S priceless.
    What’s my point? People who love themselves have no love for God or the truth. They just want to be worshipped.

  • Anonymous

    I get your point, and in a slightly less blunt manner, agree with you. I don’t want to see these Leftists, INCLUDING LANDREE, starve. I want people to become independent. I don’t even care if they vote Republican. I just want this country to remember how it was founded.

  • Anonymous

    You’re right, nobody is trying to discredit the CBO. The CBO says there will be a net job loss. If you aren’t discrediting that, great. That makes you well…not a moron. But sitting around and not working and making someone else pay for what you have the ability to pay for yourself is selfish, and basically theft. It’s not virtue to mooch.

  • Anonymous

    I think you’re brain is unbalanced.

  • Anonymous

    How so?

  • Guest

    The ACA will NOT “cost” jobs. Glenn Beck: distorting the facts one lie at a time. No matter how big the whopper, Beck’s followers refuse to even try to get the actual facts of the matter.

    People will choose to work less or start businesses, lowering unemployment. Beck won’t convey that because his job is deceitful propaganda, not accurate fact telling.

  • Guest

    That’s Beck’s job: lie, distort & deceive. He does not objectively report on anything. Beck’s job is to shill for large corporations and con people into becoming psychopaths indifferent to the plight of others.

    He’s very good at it.

  • Guest

    Only the lazy slobs who suckle at the government tit will work less, the others will have to take a second job just to afford Obamacare and be able to support their families. You swallowed the lefty socialist propaganda hook line and sinker.

    Jobs expansion in my community has already been reversed.

  • Guest

    Vicky<2, you are clueless. You believe anything that supports this Marxist administration. Too bad the Report is not all encompassing. It was constructed to serve a special purpose.