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.).
â€œIf sequestration takes place, thatâ€™s going to be a great setback. We donâ€™t need to be having something like sequestration thatâ€™s going to cause these job losses â€” over 170 million jobs that could be lost,â€ Waters said.
She went on to say cuts must be done â€œover a long period of time.â€
Thereâ€™s just one problem with her estimation â€” and itâ€™s a big one. According to the Bureau of Labor Statistics, there are only 134 million people working in the United States. So by Watersâ€™ estimation, the sequester cuts would be so apocalyptic that nearly 40 million people who donâ€™t have jobs would become even more unemployed.