House Republicans Are on the Hook for Killing 1.6 Million Jobs
Representative Chris Van Hollen (D-MD), the ranking Democrat on the House Budget Committee, requested an analysis of the costs of the sequester cuts - something I’ve been asking around for since they took place to no avail.
Guess what? The nonpartisan Congressional Budget Office (CBO) reiterated their projections about the sequester slowing growth, and estimated that the Republican inflicted spending cuts would cost up to 1.6 million jobs if left in place through fiscal 2014.
The CBO determined that canceling sequester cuts would create between 300,000 (.3 million) to 1.6 million new jobs. Gee, we’ll take it! Sounds pretty good to us.