Turning to our top story is the bipartisan Congressional Budget Office today releasing a report that shows the grim effects of obamacare on the economy and on jobs and wages. The report reads the cbo updated estimate of the decreasein work translates to a reduction of oldtime equivalent employment of bout million in 2017. Rising to about 2. 5 million and 2024. And previously the agency estimated that if the aca did not affect the average number of hours for each employed person it would reduce Household Employment in 2021 by about 800,000. By way of comparison for 2021 of about 2. 3 million. The white huse scrambled their top economic advisers to the briefing room, preempting jay carney, the co report apparently catching the white house by surprise. And here is jason furman struggling to explain the loss of more han 2 million jobs is an act of liberation and the benefit. Not a negative particle and of obamacare. The estimated reduction stems almost entirely from the labor that the workers choose to supply rather than from a net drop in the business demand for labor. This is a choice on the part of workers. The. Lou we will hear that expression for some time. The white house trying to make the case that a 2. 5 million reduction, the socalled option that the president people refer to is by subsidizing and expanding medicaid rules to alltime highs. The government is effectively incentivizing american to stop working. Leading economists warn about the potential effects were economy. Damages macroeconomic performance. According to the cbo, obamacare is slowing employment income and growth to the degree that amicans are discouraged from working. Maury harris simply rejects the whit houses statement, saying that it is hard to believe that the supply of labor is a restrained. Including tens of millions of Health Care Cancellation projected to hit a ball just before the midterm elections. Chief National Correspondent jim angle has our report. The inevitable as postponed and urged the reprieve this year for both the president and millions of policyholders. Its going to be millions of people and probably tens of millions of people. People will probably be getting those cancellation letters about the time theyre going to the polls in november of2013. Many are facing a tripling of their cost until their Insurance Company let them extend their current policy with the president s blessing as he tries to salvage his credibility. With respect to the pledge i made hat if you like your plan you can keep it, there is no doubt that the way i have put that forward unequivocally ended up not being accurate. Or longlasting. 6. 2 million of 17 millionplans were forced into obamacare, leaving most of the other 11 million to expire later this ye i dont think that there is any doubt that the individual Health Insurance market will ultimately see 80 of all exist in individual helth insurance policies cancel. And people in the smallBusiness Community are going to receive notices from their brokers and insurance when. But their old plan is being undead and the new plan have to comply with obamacare. This massive ship is no surprise to officials who projected back in 2010 that the requirements of obamacare would force millions of cancellations. One analyst extended the range predictions to the end of 2014 showing 76 of small employer plans would be forced into obamacare along with 55 of Large Employer plans. That is going to be a big story because there are a lot more people with employer sponsored insurance. They didnt comply with the new rules and regulations now they are forcing everyone to comply. For Many Americans that will be more expensive coverage. Raising the question of whether employers will drop their plans because they are too expensive for them and workers coming to think there was enough when only 4 million policiesgot canceled and forced into obamacare, wait until the numbers rise to 50 million or more, which is why something the president might offer y another delay. Lou jim angle. The senate today passed a massive fiveyear farm bill after three years of haggling over the legislation. The Upper Chamber passed the bill with a strong vote of 62 map 32. The senate on to the president who said the legislation is imperfect, but he says it will make a positive difference for the nation. The 956 billiondollar legislation cut food stamps by at an trend is about a hundred Million Dollars per year. About 1 of the 80 billiondollar per year program. Republican they had spiraled out of control on the president obama. A damning report by the republican staff of the Senate Homeland security committee. Finding that the federal government is alarmingly illequipped to defend itself against modestly skilled hackers. Among the failures identified, dirs taking 55 days to fix Computer System flaws when it should take only three days. Hackers have access to personal inormation of more than 100,000 Energy Department employees. In the Nuclear Regulatory commission which keeps data on every Nuclear Reactor in the country regularly experiences unauthorized disclosures of sensitive information. This report comes as another senate panel, the judiciary committee, looks at how to better proct consumers from cybercriminals. And targets chief Financial Officer apologized for it to massive data breach over the Holiday Shopping time. And he said that target is determined to earn back customers trust. We have an onggoing forensic investigation and an end endtoend review of the entire network to understand what went on. Since that time we have removed nowherfrom our systems and close the point of entry a narrowed the scope of who has access to systems. Lou ocks rebounded on wall street today after yesterdays big fella or the dow jones soaring 72 points, nasdaq up 34. Backingoff from yesterdays high levels, sti running strong a 4 billion shares facto orders fell less than expected, down 1. 5 and microsoft naming the next ceo. Bill gates also stepping down as chairman of the company to become a Technology Advisor hoping to shpe the Companys Technology and product direction. Listen to our Financial Reports three times a day coasttocoast on the salem radio network. Over 100 million americans in the path of more severe winter weather. The storm bringing up to a foot of snow across the northeast. Winter storm warnings and advisories now stretch from the rockies to the east coast. Six falling across th midwest, dirupting travel for millions. Nearly 1500 flights were canceled. More than 2000 flights delayed. The storm making its way into the midatlantic and ortheast this evening, dumping six to 10 inches on top of yesterdays accumulations. Overnight snow turning into a wintry mix. That is such a benign expression. Allowing the i95 corridor from philadelphia to new york and boston to make tomorrow mornings commute a tough one. We will return very quickly and we hope you will stay right with us. The noartisan Congressional Budget Office with another negative outlook on obamacare. Marsha blackburn on the cbo analysis and it impact on the [ park sounds, sound of spray paint ] we asked people a question, how much money do you think youll need when you retire . 500,000. Maybe halfmillion. Say a Million Dollars. [ dan ] then we gave each person a ribbon to show how ma years that amount might last. I was trying to like pull it a littlfurther. You know, i was trying to stretch it a little bit more. [ woman ] got me to 70 years old. Im going to have to rethink this thing. [ man ] i looked around t everybody else and i was like, are you kidding me . [ dan ] its just human nature to focus on the here and now. So its hard to igine h much well need for a retirement that could last 30 years or more. So maybe we need to approach things differently, if we want to be ready for a longer retirement. Lou a leftwing Advocacy Group launching a multimillion Dollar Ad Campaign to enroll americans and obamacare. I love that music. Dont you . The music is great. The advertisement featuring cute cats and dogs in a bid to convce young women to sign up for health care coverage. The ad is sparking a few questions beuse it was released on the very same day that obamacare well at something not so cute to the deficit. A trillion dollars of the nxt decade and a they result in the loss of 2. 3 million jobs. Wow, i love that. My next guest says that the worstcase scenario stands in the way of economic growth. Vice chair of the house commerce committee. And it is so great to have you with us. It could be with you. Think youve. Lou what is your reaction to that report . Fulltime employment, 2. 3 million, becau of obamacare that it would result in a reduction of 800,000. The white house saying this is apart of workers and obamacare is doing him a favor or removing them from the workforce. It is so disappointing. The thing is that this is probably the best case scenario. And think about what we are seeing happen. Being reduced to 30 hours with individual things 6 million individuals have seen their Health Insurance canceled. Having a law disrupting the Health Care System because there were 30 milliin americans that do not have access to Health Insurance product. You will see contind osion in the workplace because employers cannot aford this. Lou too exnsive to afford in so many dont know what is going to happen. Where there is great anxiety about what well. Turning to cybersecurity. You are going to hold a hearing tomorrow witnesses from neim marcus and it is astonishing to find out that the federal government is utterly vulnerable to cyberattacks. Just me youre exactly right. And you can see what is happening here in the debacle and yet we have government that wants to lecture the private sector about this. And the data breaches that have taken place in the security protections. Theres something that is of tremendous concern. And there are retailers and the stuff that they are doing and that is something that we have here in the house and we have cochaired the privacy and Data Security of issues and what needs to be done to provide the surances to individuals that their information will be saved. Lou turnvery quicklyly to politics and policy, that is the issue of immigration and Speaker Boehner saying that it is unclear as to whether or not you guys will move to a solution or a vote. At the same time reports that congressman paul ryanhas been meeting secretly in privately th senator chuck schumer. And trey gowdy has also been among those meetingrivately with the senator. So we are not seeing another game to run here are we . I dont think so. I dont see how. And ertainly not e Senate Version of immiation. People have been very clear on this and they want exit program so that we know who is in the countrys system. Lou d you support Bob GoodlatteHouse Judiciary Committee approach . The only way you can do something is to start with security for a no amnesty of any kind. Lou all right, we will leave it there. Its good to have you with us. Good to be with you. Lou coming up next, bill oreilly conducting the hardest hitting interview the president obama toate in the chalk talk. I will tell you what i say next the presidt compares than 40 years ago three and a half trillion dollars. There should be te National Debt which was 484 billion. Now 17 trillion. What happened to that welfare state . If you ask me, there it is in their artifacts. We simply have an unsustainable burden of Welfare Benefits and tax credits and entitlements. We are crippled with the teacher generations. If ts president and democrats in all of those hundreds of billions of dollars that we have had to borrow. Itand that is why it is left to the Republican Party on responsible government and policies that support us in the working middle class and all of those who aspire to it. And i didnt say they were doing that. I said that they were just he folks that have to do it if it is to be done. See if you can help them do it. Pick up a copy of my new book and you can also get the audio book version at itunes and barnes noble and walmart as well. Each email we read onhe air here and we have given away three copies. Someof tonight individuals wrote me about thisthing that president obama is falsely claiming he said it was a terrorist attack and it simply is not true. And he is lying to the nation and world to try to tell lies to a report is initialized. He cannot be trusted and we are stuck with them for three more long years red he also wrote about ben godfrey. Callinbenghazi a terror attack. The day after the attack, im just glad that he didnt call it workplace violence. It is what i expected. And it would be refreshing for politics politicians to be honest with the American People. I refer to the second part of bill oreillys interview with president obama. He continuously invades the question and never adds anything new. You get to feeling like that just isnt an option. Send us your emails. Email me at loudobbs. Com and llow us on twitter. Google or Facebook Page and you will see links to everything. Stay with us, we are coming right back with much, much more and the ateam as well. The obama Foreign Policy failing in syria. New fears of an organized a strike against the united states. [ female announcer ] who are we . We are thinkers. The job jugglers. The up allnhts. And the ones who turn ideas into action. Weve made our passions our lifes work. Strive for the moments where we can s, i did it we are entrepreneurs who started it all. With a signature. Legalzoom has helped start over 1 million businesses, turning dreamers into business owners. And were here to help start yours. Of their type 2 diabetes with noninsulin victoza®. For a while, i took a ll to lower my blood sur, but it didnt get me to my goal. He said victoza® is different than pills. Victoza® is proven to lower blood sugar and a1c. Its taken onceaday, any time, and comes in a pen. And the needle is thin. Victoza® is not for weight loss, but it may help you lose some weight. Victoza® is an injectable prescription medicine that may improve blood sugar in adultth type 2 diabetes when used with diet and exercise. It is not recommended as the first medication to treat diabetes and should not be used in people with type 1 diabetes or diabetic ketoacidosis. Victoza® has not been studied with mealtime insulin. Victoza® is not insulin. Do not take victoza® if you have a personal or Family History of medullary thyroid cancer, multiple endocrine neoplasia syndrome type 2, or if you are allergic to victoza® or any of its ingredients. Symptoms of a serious allergic reaction may include swelling of face, lips, tongue, or throat, fainting or dizziness, very rapid heartbeat, problems breathing or swallowing, severe rash or itching. Tell your doctor if you get a lump or swelling in your neck. Serious side effects may happen in people who take victoza®, including inflammation of the pancreas pancreatitis , which may be fatal. Stop taking victoza®nd call your docr right away if you have signs of pancreatitis, such as severe pain that will t go away in your abdomen or from your abdomen to your back, with or without miting. Tell your doctor about all the e and if you have any medical conditions. Taking victoza® with a sulfonylurea or insulin may cause low blood sugar. The most common side effects are nausea, diarrhea, and headache. Some side effects can lead to dehydration, which may cause kidney problems. If your pill isnt giving you the control you need ask your doctor about noninsulin victoza®. Its coved by most health plans lou republican congressman calling on the media and the Obama Administrationto stop looking at senators john mccain and Lindsay Gramm as spokesman for the Republican Party. The congressmen are a little upset. Here is what he said when asked about reports that secretary of state carry privately told a group of lawmakers, that means gramm and mccain, that he supported the more aggressive policy toward syria. There is lot of resetment in the party that these two guys are presenting themselves a spokesman for the republicans. They are not. Their spokesman for themselves. And as we all have the right. Lou well, it is a right certainly that mccain and gramm exercise vigorously. Well, an ebarrassing admission from the cia director today. During a house hearing our worldwide trends he said he could not remember whether he travel to libya after the benghazi terrorist attack. Were you in tripoli october of012 to review the benghazi attack as a member of the National Security council . No, i do not believe i dont recall actly when i was there, but i was not ther after the attack. By was there in libya in october to lou dobbs tonight. Just check with my staff. Lou well, it is the reponse of what has been done Nothing Administration when it comes to dealing with these scandals, and it is a pretty well esablished trend by now, isnt it . Well, let me take the irs situation first. I first learned about it from the same news reports that the most people learn about this. They wanted more security there. We were told they wanted more security. We did not know the one more security. When do you first know about the program officially, i believe, called fast and furious. To the best of your knowledge, what date . And ensure the exact date, but have probably heard about a for the first over the last few weeks. Lou afghan president karzai reportedly Holding Secret talks with the talibaand since last november. The secret peace talks, made cars as refusal sign a Security Agreement with the unid states. Some of our troops there after the end of the year. Joining is now, general thomas mcinerney, retired u. S. Air force general, fox is military analyst. Good to see you. What are we to make of karzai who is refusing to talk with us talking with the taliban and, an organization tht we have been fighting for the past 12 years. It amazes me, lou, that karzai can even think of discussing with the television o have an entirely different ideology tht is against everything we have spent the last of a half years trying to defend. Ii is like really trying to keep the nazis in germany after the welcome back. How is everything . Theres nothing like being your own boss and my customers are really liking your flat rate shipping. Fedex one rate. Really makes my life easier. Maybe a promotion is in order. Good news. I got a new title. And a raise . Management couldnt make that happen. [ male announcer ] introducing fedex one rate. Simple, flat rate shipping with the reliability of fedex. Conservatives slamming a decision to reinstate bonuses for some of the top employees. The agency will doll out more than 60 million toboost employee morale. Well, there is a way to boost moral bonuses have been suspended last summer because of the budget cut and the irs scandal. Republicans senator orrin hatch criticizing the move saying, quote, as i unerstand not every irs worker was esponsible, but this just is the wrong ignal to send the American People who were rightly outraged by how this agency treated people for their political views. Talking about the conservative targeting scandal. Conservative the blasting cocacola super bowl ad. The company saying it was meant to highlight americas incredible diversity, as they put it. Listen to a portion of the ad that starts with the patriotic song america the beautiful sung in english. Oh beautiful for space skies [singing in forign language] as you heard, the song is sung in eight different languages. That isnt celebrating diversity. Thats multiculturalism, isnt it . Wh are we do go. It plays a lot of commentators like my colleague fox news radio host todd. He tweeted was cocacola saying america is beautiful because new english dont learn to spea english. Tell us what you think. So send me an email. A new series in th whats examer called too big to manage, carefully looking a the the rising power and force of Public Employee unions. Especially those representing government workers. My ext guess has a practice called official time. Exclusively carry out the Union Business and activities while collecting full pay, full benefits for their government jobs. Joining us now the reporter marc seniorwatchdog reporter for the washington examer. Good to have you here. Congratulations on the story. My gosh, youre estimating were talking about as 2011155 million. Thats the most recent year. [laughter] in which youind out what was going on with the public books. Mean, this is an astonishing story. Why should the taxpayer be payi for Union Activities for a worker who isnt doing his or her government job . Well, 1 55 million is one of the few thing we know about official time. That is an official government number. When you try to get agencies to explain it, when you try to get agencies to account for it. When you try to get agencies to tell you a break down of how many people are taking this how many people on fulltime release from the regular jobs. Most of them cant do it. Some of them cant big agencies like the department of defense and justice cant produce any numbers. So that tells you theyre not watching it. It tells you theyre not watching it. If they cant explain it tell you the number may not be as accurate as we would like to belie. The top offenders of official time. Veterans affair. I mean, its almost a million hours. The treasury 42 million just in va. Almost a million hours of official time. They had roughly 250 people who were released from their jobs fulltime to do nothing but union work and draw full pay and benefit from the taxpayers. Taking a look at the unions taking the most official talk. The amerin federation of government employees. You expect that. National treasury employee union. The National Air TrafficControllers Association doing pretty well and the professional aviation take a up a lot of time, doesnt it . The National Association of government employees. It takes up a lot of political capital. Ill tell you. The three highest federal to do official time are natca Union Officials who happen to also be employed on paper at least by the faa. This goes back to a law passed in 1978. Have you heard from anybody on capitol hill who thinks maybe the law ought to get fixed . There are some efforts in congress but theyre not going anywhere for basically one reason. Nobody wnts to take on the Public Employee unions. The agencs dont want to take it on. They dont want to fight with labor. The republicans and democrats in congress dont want to take it on because labor unions arent politically active. They ve a lot of money to democrats primarily but also some republicans. So theres no mileage in anybody taking on official time. You just did it. We appreciate it. Mark, the [laughter] i give you all the credit in the world. Senior watchdog reporter for the washington examer. Tomorrow and thursday, econd and third installment of your investigative report. Thank you very much. Thank you. Up next, a candid response from a former Obama Administration cabinet member. The truth behind the delay in the keystone pipeline. Approval or not . The ateam take it up. They join us here next. [ malannouncer ] e new new york is open. Open to innovation. Open to ambition. Open tboldids. Thats why n york has a new plan dozens of tax free zones all ross the state. Move here, expand here, or start a new business here and pay no tes for ten years. Were new york. If theres something that creates more jobs, and ows more businesses. Were open to it. Start a taxfree business at startupny. Com. Todays cbo report saying 2. 3 million jobs will be lost because of obamacare. The white house left us scrambling to come up with a statemen to explain the unexplainable in posture. Political operation media matters to simply try to slam the coverage of another rightwing plot to bash the president. Offering this analysis of the cbo report and the coverage. The cbo makes it clear that the decrees in workers, more than 2 million of them, is not due to jobs being lost. What . Thats my what. Rather the alaska will allow workers to change to work less. The projected chan is in the supply ofly boar. Not the demand for labor. And the cbo noted tha the decrees would not lead to a responded increase in unemployment or underemployment emphasis added. I get it. So the new normal by the Obama Administration, at least, substitutes lower Labor Force Participation rates as the economic andmoral equivalent of a higher percentage of a population working productively. We follow that; right . Hanks to media matters, we now understand obama better. Those withdrawing from the labor markethould send thank you to the white house forthe new parttime jobs, higher taxes for freedom. By governmentimposed health care and should fall to their knees in gratitude. Larger government and its also clear now isnt it. Joining us now to make thing even more clear. The ateam lead by National Review economist john, fox news legal analyst, and senior fellow at the Manhattan Institute former Health Care Policy adviser of the romney campaign. Great to have you here. Choose to work less . Choose to work less . Are you kidding me . The message is wewant you to choose to work less thats going look better for us. As far as lou, it wasnt just the media matter. The white house actually explicitly made that line. Msnbc th entire Progressive Movement is going on and saying its a great thing there will be 12. 3illion less people participating in the work force. By the way, its not 2. 3 million ople less working in the work force. Its about maybe 7. 5 or 10 Million People whose hour will be cut back by 10, 20 hours a week. Lou when they passed obamacare they said it would create 4 million jobs. We have propaganda and various allied groups around that are basically here to tell us up is down, right is left, and black is white. Its astonishing. It was overwhelming endeavor today. They were caught flat footed. To watch jay out there trying to spin this thing. To see an economist trying to spin things. Just like a honesty. En integrity. Right. On the part of an academic. Hes nothing more than an you know what is telling . August recently as august of 2003, white house economists and independent economists align with the Administration LikeDavid Harvard were arguing that this Labor Force Participation rate would not decline as a result of obamacare because it didnt decline in the case of massachusetts and romneycare. So obamacare had nothing to do worry about. We learn that is not true. Why . Obamacares actually different from romneycare in the effect on the economy. Lou yeah. We dont have to get in to the weeds on this thing. The fact is, that the Congressional Budget Office said straightforwardly that obamacare will result in a reduction in the rate of growth in compensation. In other words, it would be much higher had no Affordable Care act, and the jobs are going to be less than they were. I mean, and sorry. You speak to one person who said, you know, this is what i want. Just go to the reglar folks on the street. Are you kidding . Do i choose to work less . Do i choose to have less of a job in do i choose to make less money and fewer hours . No. No. And no. I think there are some people who work because they in general they are Older Americans who work because they want to have health care. Theres no question about that. I cant put a numbe on it. I dont believe the administration can either. Its the dick kens not 2. 3 million. The political impact of this is going to be when you take the 2. 4 million jobs, you break it down by states. Then you run tv commercials in those sates saying 187,000 jobs in louisiana. Ome other number in another state. Its going to make Democratic Senate incumbents very nervous. Its going to be another reason theyre going to run like scalded dog away from obamacare. Lets not forget. The real people harmed arent just the people who have the hour dialed back. Its the taxpayers. Beuse less people are actually working,less people are paying taxes. Which means people still working, those are the chumps because their tax dollars have to be stretched further and further to support the people who arent working. Lou yeah. I think there are a lot of chumps in this. There are a lot of chumps who signed up. Whether democrat or republican and simply not happening. T an administration, i mean, this Administration Simply doesnt succeed at any initiative it launches. I want to the et to the issue no of illegal immigration. And what were hear fromming the Republican Party whi is the secret meetings with senator chuck schumer. I want to tell you, folks, im one of the guys who had quote, unquote, sscret meetings with senator schumer. [laughter] i cant imagine what for example, if th reports are correct paul ryan meeting with the senator. I cant imagine what hes up to. And, of course,theyr not secret. Its all out there. It just doesnt make any sense lou,from a practical perspective. Lou actually it does. The theater Mitch Mcconnell today let the cat out of the bag. Immigration reform is not going pass this year. Its making the Business Community and the chamber of commerce happy. We made the try. Republicans know this is not an issue they dare pass in2014. Of course its dishonest. But t pure politics. Its not serious policy. Lou right. I guess the next serious deaf senate has to be undertaken to exam that would be the honesty gap between the two parties. [laughter] so who is going well, anyway. Your thoughts on this. Youve advised campaigns. Youre a serious student in public policy, illegal immigration. This has been rammed down the throat attpted to be rammed down the throat of American People. This group of politicians, democrat and republican, house and the senate, and the white house have not learned the lessons of 2006 and 2007. If you want to do something honest and forthright and talk to the American People. And know what youre talking about most of whic the principal actors have no clue what theyre doing. Listen, on the politics. Theres dishonesty on both sides in term of how they handle it. The thing that is important to emphasize is policy aspect. Our immigration system today is broken. There are a lot of flaws about theenate immigration bill. Lou i hear wouldnt it be nice we had a system that webrought the brightest people from allover the world to america instead of absorbing unskilled people . Lou i cant understand that its broken. We bring in 4 milion people a year. We make permanent residents f 1 Million People a year. We bring in illegally, perhaps, as many as another million a year. Were broken in a number of ways, but you can count them on one hand. Its cloud and cover for nonsense. Nonsense. We need to see whats new at projectluna. Com are you flo . Yes. Is this the thing you gave my husband . Well, yeah, yes. The name your price tool. You tell us the price you want to pay, and we give you a range of options to choose from. Careful, though that kind of power can go to your head. That explains a lot. Yo, buddy i got this. Gimme one, gimme one gimme one the power of the name your price tool. Only from progressive. You are gonna need a wingman. And my cash back keeps the party going. But my Airline Miles take it worldwide. [ male announcer ] it shouldnt be this hard. With creditcards. Com, its easy to search hundreds of cards and apply online. Creditcards. Com. Double malchow. Neil now we know that it is bigger than what we thought. The Security Breach at target is more widespread than reported by target. This hearing has the rest of the nation fuming. It resulted from a criminal attack on our system. Amount where was exceedingly sophisticated. The customer information