GOP Senator Touts Obamacare Budget Report - Then Trashes It (Click on this heading to read more)
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Never has the Republican Party's love-hate relationship with the nonpartisan Congressional Budget Office been on such stark display..
Congress' official scorekeeper released a major report Tuesday that contained both convenient and inconvenient news for the GOP. On one hand, it gave them a weapon to attack Obamacare's impact on the job market; on the other hand, it dealt a blow to their efforts to eliminate a stability mechanism in the law that they call a "bailout."
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Sen. Orrin Hatch (R-UT) touted CBO for the convenient finding, and then quickly dismissed and mocked CBO for the inconvenient finding.
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"Today CBO delivered terrible news to the millions of Americans looking for work. Obamacare, the President's signature domestic policy achievement, will lead to more than 2 million fewer jobs and hurt much-needed economic growth," Hatch said in a statement, referring to the CBO statistic that upwards of 2 million Americans would leave the full-time labor force over 10 years as Obamacare makes health coverage more accessible to them without their employer.
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Then, within seconds, Hatch turned around and attacked CBO when asked about another finding in the same report that Obamacare's risk corridors -- the provision Republicans bash as a "bailout" -- would actually save the government money.
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"First of all, I don't believe that," the senator said, with a laugh. "I mean, that may be something they can conjure up in mathematics but I don't believe so. These are the guys who tried to use pension smoothing to pay for unemployment insurance for three months," he said, referring to a near-term budget savings options that has been criticized as a gimmick.
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