The Koch Brothers Take Credit for Imposing Economic Hardship on Millions of Americans
In an email, Koch brothers’ front group, Americans for Prosperity (AFP), sent congratulations to Republicans and their supporters around the country for helping push sequester cuts AFP says are “an important step forward for economic growth.” The email continued, “Americans for Prosperity thanks Speaker John Boehner and House Republicans for standing up to President Obama and making sure the $85 billion in much-needed sequester spending cuts took effect,” and it proves beyond a shadow of a doubt that the Koch brothers and Republicans own the sequester and are giddy at the prospect of a recession and killing millions of jobs. One aspect of sequester cuts little mentioned is that the devastating $85 billion for 2013 is just the beginning of greater domestic spending cuts, devastating effects on anti-poverty programs, Medicare, and without cessation, the end of recovery.
The sequester is a ten year plan that cuts $1.2 trillion across the board, and because they began in March, $85 billion is about 70% of the next nine years of cuts coming in at about $123.88 billion every year. It spells the end of recovery because experts estimate that by the end of 2013, $85 billion in cuts means nearly a million jobs will vanish, and GDP will fall between .7% and 1.7% in the first year a