Countdown to Repeal: Economy Will Suffer If Obamacare Stands | The Foundry: Conservative Policy News.

NOTE: I am against forcing healthcare on people via tax penalties just on general principles. I am glad there are so many economists that see a basis for fixing this huge MISTAKE of HCR

Countdown to Repeal: Economy Will Suffer If Obamacare Stands | The Foundry: Conservative Policy News.: "Geithner is right that Congress should act to improve the economy, but leaving Obamacare in place would do the opposite. Repeal of Obamacare is the only way to restore economic prosperity in the United States, according to the 200 economists who signed a letter addressed to House and Senate leadership in support of overturning the new health law. The letter stresses that “the Patient Protection and Affordable Care Act is a threat to U.S. businesses and will place a crushing debt burden on future generations of Americans.”

Of the several provisions that will cause detriment to the economy, the letter highlights expensive mandates and penalties, higher taxes, and massive new spending.

Mandates that require employers to purchase insurance for their workers or pay a penalty will reduce businesses’ resources to grow and create new jobs. John C. Goodman, president of the National Center for Policy Analysis, explains how, by increasing the overall cost of labor, Americans can “expect huge labor market upheaval and high unemployment” as a result of the new law."