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Maxine Waters: Sequester will cost 170 million Americans their jobs

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By Doug Powers  •  February 28, 2013 04:13 PM

**Written by Doug Powers

There are around 150 million people employed in the United States at the moment. According to Rep. Maxine Waters, the sequester will have such a devastating impact that all of those people will lose their jobs, and 20 million of them will lose their jobs twice:

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.

Waters apparently took the 750,000 jobs lost figure she got from US Progressives and multiplied that by over 226 in the interest of accuracy:

What’s the problem? According to Waters’ congressional colleague from California, Nancy Pelosi, people going on unemployment provides a terrific boost to the economy.

Other Maxine Waters stats here.

**Written by Doug Powers

Twitter @ThePowersThatBe

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