MAXINE WATERS WARNS 170 MILLION JOBS COULD BE LOST DUE TO SEQUESTRATION CUTS — BUT THERE’S A HUGE PROBLEM WITH HER ESTIMATEi931.photobucket.com
MAXINE WATERS WARNS 170 MILLION JOBS COULD BE LOST DUE TO SEQUESTRATION CUTS — BUT THERE’S A HUGE PROBLEM WITH HER ESTIMATE
Made popular 84 days ago in Politics
theblaze.com — If Congress allows sequestration cuts to take effect, more than 170 million Americans could lose their jobs, according to Rep. Maxine Waters (D-Calif.).

“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 job losses — over 170 million jobs that could be lost,” Waters said.

She went on to say cuts must be done “over a long period of time.”There’s just one problem with her estimation — and it’s a big one. According to the Bureau of Labor Statistics, there are only 134 million people working in the United States. So by Waters’ estimation, the sequester cuts would be so apocalyptic that nearly 40 million people who don’t have jobs would become even more unemployed.

Further, the U.S. currently has a population of about 315 million people, according to Census data. If Waters was correct in her assertion, that would mean sequestration would leave more than half the country, 54 percent, unemployed. Talk about a catastrophe.

Luckily for America, the estimate is clearly wrong. TheBlaze could not find any data to suggest that the $85 billion in automatic sequestration cuts during FY2013 (about 2.4 percent of annual federal budget) would cause 170 million people to lose their jobs. Then again, that’s also impossible because there aren’t that many people working in America. Unfortunately though, once something is said, you can’t take it back.

Keep in mind, Waters is the ranking Democrat on the House Financial Services Committee, which “oversees all components of the nation’s housing and financial services sectors including banking, insurance, real estate, public and assisted housing, and securities.” If Democrats should gain control of the House, she would become the chairwoman.

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Posted by lastbaldeagle
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Maxine Waters is a typical democRAT politician and they all lie out of habit, but are they stump dumb stupid as well?


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lastbaldeagle
Posted 84 days ago
0 up votes, 0 down votes
99% of democRAT politicians give the rest a bad name!
lightdude
Posted 83 days ago
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Leave it to mad max to lead the way on being an imbecile.
lastbaldeagle
Posted 82 days ago
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Dude, where have all our commie useful idiots gone? @lightdude
lightdude
Posted 82 days ago
0 up votes, 0 down votes
@lastbaldeagle Like roaches, they are hiding in the dark. They're watching but you can't see them until you turn the light on. Then they scatter. We don't need them.
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