Jobs and the Economy
860,000 More Unemployed Women Under President Obama: Since President Obama took office in January 2009, the number of unemployed women in American has increased by 860,000, from 5 million to 5.86 million according to the Bureau of Labor Statistics.
OMB Projects Trillion Dollar Deficit…Again: Last week, the President Obama’s Office of Management and Budget released its Mid-Session Review, updating estimates for outlays and receipts for the federal budget in FY 2012. The report stated that the 2012 deficit is now projected to be $1,211 billion, marking the fourth trillion dollar deficit for the president in as many years in office. This is an ignominious record and another broken promise for a president who pledged to “cut the deficit [in] half” shortly after taking office.
Evidence Mounts to Refute President’s Claim that Premiums Will Go Down: The Washington Post’sfact checker column produced a bevy of studies last week to take apart President Obama’s latest pledge that insurance premiums will go down in the individual and small group markets as a result of his federal takeover of healthcare law. One such piece of research: “A nationwide study conducted by Milliman Inc. for the Society of Actuaries found that nationwide the premiums in the individual market would increase from 8 to 37 percent in 2014 — with a cumulative increase of as much as 122 percent between 2013 and 2017.” The WaPo gave the president “three pinocchios” saying, “The law’s provisions, especially the requirement for essential benefits, will almost certainly increase premiums,” adding, “you don’t get something for nothing. And the president should be more careful about suggesting that is the case, especially when discussing a complex law with still-uncertain ramifications.”
The Republican Plan for Job Creation and Growth
House Republicans have a plan to restore confidence and certainty to the economy and create jobs. For more information on the House Republican Growth Plan, click here: http://www.gop.gov/indepth/jobs.