On the recordMarch 21, 2012
So the promise was not to touch Medicare, and that promise has not been fulfilled. The promise was to reduce the deficit, and that turned out to be an empty promise. Also, we were told by the President and by Speaker Pelosi this bill would create jobs. The President said it was a key pillar for a new foundation for prosperity. How has that turned out? Former Speaker Pelosi said in its life the health care bill will create 4 million jobs--400,000 almost immediately. Of course, neither of those promises has come true. The nonpartisan CBO has estimated the health care law will reduce America's workforce. This is the bipartisan CBO. They said it will reduce America's workforce by 800,000 jobs over the next 10 years. That fact has been confirmed by the U.S. Chamber of Commerce.
