[Congressional Record Volume 160, Number 25 (Tuesday, February 11, 2014)]
[House]
[Page H1728]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




               CBO REPORT MAKES REFORMS EVEN MORE URGENT

  (Ms. FOXX asked and was given permission to address the House for 1 
minute.)
  Ms. FOXX. Madam Speaker, recent CBO estimates predict that regulatory 
changes created by ObamaCare will remove 2.3 million Americans from the 
full-time workforce. The President has gone to great lengths to spin 
this as a positive development, saying job losses will come as a result 
of people voluntarily choosing to pursue interests other than full-time 
work.
  It is true that, all else being equal, individuals and families being 
able to make ends meet while working less is a cause for celebration. 
The problem is that all else is not equal. We have a social safety net 
that depends on robust economic growth and is already forecast to run 
perpetual deficits for decades to come. No one disputes that 2.2 
million lost jobs will diminish economic growth.
  For as long as I have been in Congress, Republicans have been working 
to enact structural reforms to put our budget back in balance. Last 
week's CBO report makes those reforms even more urgent.

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