The CBO determined that maintaining sequester-level cuts would lead to 500,000 fewer jobs and 0.4% less growth in 2016, and 300,000 fewer jobs and 0.2% less growth in 2017. For Koch Republicans, the idea of killing 800,000 Americans' jobs and retarding America's world-leading economic growth while an African American man is in the White House is just business as usual and a way to slow down the President's economic success.
There were two specific announcements on Wednesday that, taken on their own, were just economic news reports, but if a person had kept abreast of Republicans' actions over the past few months, the stories were not "news" at all but the expected culmination of congressional Republicans' economic agenda that reveal precisely why America's economy is struggling.
This week, the President led an important conference with new initiatives on mental health, but it was overlooked in favor of other news.
While Republicans dismiss the President's decision to voluntarily give back 5% of his pay, Americans would like Congress to follow suit.
Republicans are enthusiastic about sequester cuts until it affects their wealthy constituents. Then, they throw temper tantrums.
No matter how much they try to blame sequestration on Obama and the Democrats, Republicans set it up, and the victims will be the poor.
The GOP bears most of the blame for the economic woes over the past 12 years whether it was unfunded tax cuts, two wars, blocking job creation, credit downgrade, sequestration, and the fiscal cliff.
With fiscal cliff in sight, Republicans will not accept anything less than austerity measures that guarantee to kill 2 million jobs in 2013.