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To: SeekAndFind; ding_dong_daddy_from_dumas; stephenjohnbanker; DoughtyOne; Gilbo_3; NFHale; Impy; ...
RE :”The congressional Super Committee is long gone, but the consequences of its failure will be felt by millions of Americans unless Congress addresses mandatory defense cuts that take effect Jan. 2, 2013.
A new study released today by economist Stephen S. Fuller of George Mason University and the Aerospace Industries Association estimates that 2.14 million U.S. jobs will disappear as a result of the Budget Control Act’s sequestration mandate. That would push the nation’s unemployment rate above 9 percent.
Automatic cuts totaling $1.2 trillion will hit the defense industry particularly hard. Defense-related jobs makes up about half of the lost jobs, according to the study. The report estimates losses for other sectors of the economy as well: 48,059 jobs in healthcare, 98,953 in construction, 473,250 in manufacturing. California, Virginia and Texas will fare worst.

Wow, doomsday.

Seems like just yesterday when Obama, Reid, MConnell, Boehner(who said it was 95% of what he wanted), Pelsoi, Ryan.... had a bipartision love in and called this a great acheivement. Now both sides are pointing fingers at the other for the result of this bill finally going into effect, after the election.

Excuse me if I don't join in on the side taking on this one.

Boehner broke his 2010 promise that as House speaker all bills would be made public 72 hours before a vote with an open amendment process. This bill was crafted behind the same closed doors used to block view of the Obama-care bills creation.

2 posted on 07/17/2012 10:37:22 AM PDT by sickoflibs (Romney is still a liberal. Just watch him. (Irepeal Obam-ney Care ))
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To: sickoflibs

It’s interesting to note that the “cuts” will impact working people who pay taxes.

While the welfare state continues to increase the seats on it’s free ride.

Thanks RINOs for that deal you cut with the libs.


4 posted on 07/17/2012 11:22:13 AM PDT by PeteB570 ( Islam is the sea in which the Terrorist Shark swims. The deeper the sea the larger the shark.)
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To: AdmSmith; AnonymousConservative; Berosus; bigheadfred; Bockscar; ColdOne; Convert from ECUSA; ...

Thaks sickoflibs.


10 posted on 07/17/2012 3:07:27 PM PDT by SunkenCiv (https://secure.freerepublic.com/donate/)
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