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Video: The Making of John Mayer's 'Born and Raised' Artwork

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CuriousLurker3/01/2013 9:18:49 am PST

re: #407 NJDhockeyfan

That quite a high number. There are only 134 million people working in the US.

The number comes from the CBO. It’s my understanding that it’s not the loss of 750,00 existing jobs, but rather a combination of existing jobs that could be lost + new jobs that would be created if the sequestration didn’t happen:

In the absence of sequestration, CBO estimates, GDP growth would be about 0.6 percentage points faster during this calendar year, and the equivalent of about 750,000 more full-time jobs would be created or retained by the fourth quarter. By CBO’s estimate, extending the tax provisions that expired would have similar positive effects on output and jobs. Those economic effects represent CBO’s central estimates, which are based on the assumption that the values for key aspects of economic behavior are the midpoints of CBO’s ranges for those values. […]

More at the CBO…