01 Mar 2013

Maxine Waters Predicts

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From the Blaze:

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.

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SDD

It’s highly doubtful that the people in Congresswoman Waters’ district would understand the math involved here.



T. Shaw

Sequestration Rules!

Just reported the biggest personal income drop in 20 years; and it has nothing to do with the Sequester.

On January 1, payroll (social security) taxes went back up a couple of percentage points. That caused the largest decline in 20 years. Income dropped 3.6 percent, its lowest in five years.

By the way, food and gas prices are soaring.

The average American family’s income is going broke, while the regime expands.

This country was founded by geniuses. It’s being wrecked by idiots.



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