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.
Maxine Waters Warns 170 Million Jobs Could Be Lost Due To Sequestration Cuts — But There’s A Huge Problem With Her Estimate