Maxine Waters Predicts Sequestration Will Cost Us More Jobs Than We Actually Have
Here comes the hysterical moonbat brigade to provide some comic relief.
Yesterday we did have Mr. Bernanke in our committee and he came to tell us what he’s doing with quantitative easing and that is trying to stimulate the economy with the bond purchases that he’s been doing because he’s trying to keep the interest rates low and jobs – and he said that if sequestration takes place, that’s going to be a great setback. We don’t need to be having something like sequestration that’s going to cause these jobs losses, over 170 million jobs that could be lost – and so he made it very clear he’s not opposed to cuts but cuts must be done over a long period of time and in a very planned way rather than this blunt cutting that will be done by sequestration.
And so forth.
Waters predicted a possible 170 million jobs would be lost. There are currently about 143 million Americans in the workforce.
Waters eventually corrected herself, saying that 750,000 jobs could be lost. Where she got either number remains a mystery, since the sequester only cuts $22 billion from the rate of growth of government spending this year.