Maxine Waters: ‘Over 170 Million Jobs Could Be Lost’ Due To Sequestration…(Civil Unrest…In …3…2…1)
February 28, 2013
Congresswoman Maxine Waters (D-CA) claimed today that “over 170 million jobs” could be lost due to sequestration. Later in the presser, Rep. Waters corrected herself, saying it was only “750,000 jobs” that could be lost.
Starting at around 0:30…
Yesterday we did have Mr. Bernanke in our committee and he came to tell us what he’s doing with quantitative easing and that is trying to stimulate the economy with the bond purchases that he’s been doing because he’s trying to keep the interest rates low and jobs – and he said that 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 jobs losses, over 170 million jobs that could be lost – and so he made it very clear he’s not opposed to cuts but cuts must be done over a long period of time and in a very planned way rather than this blunt cutting that will be done by sequestration. As you know in this committee we have all of HUD and HUD is responsible for so many programs that determine the quality of life for women and families. CBDG, a form of grant programs will be cut by $153 million dollars, these are grants that help with cities and children and low-income programs. We also will cut the Home Program by $52 million if sequestration takes place, Native American Housing grants by $34 million, House and Choice grants $113 million, Public Housing – mostly single women in Public Housing – another $304 million, and homelessness, everybody claims to be concerned with homelessness and the growing number of women and children who are out their homeless but look they will take a $99 million dollar hit and on and on and on. We are here today, one more time, talking about women and children and families and how we can protect our women, children, and families and have a decent quality of life – sequestration will set us back, all of the gains that we have made will be lost with sequestration.