170 Million Jobs Lost Due to Sequestration
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notsheigetz
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170 Million Jobs Lost Due to Sequestration
This is the most dire prediction I've heard yet about the effects of the so-called Sequestration budget "cuts" (which I have come to understand is the usual Washington talk about "cuts' - meaning the budget won't be increased quite as much as the democrats want it to be increased).
170 Million Jobs? Isn't that about all of them? Better crank up the printing presses so they can pay the unemployment checks.
http://nation.foxnews.com/jobs/2013/02/ ... uestration
170 Million Jobs? Isn't that about all of them? Better crank up the printing presses so they can pay the unemployment checks.
http://nation.foxnews.com/jobs/2013/02/ ... uestration
Last edited by notsheigetz on Thu Feb 28, 2013 5:24 pm, edited 1 time in total.
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- MachineGhost
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Re: 170 Million Jobs Lost Due to Sequestration
Only a devout Socialist would spread such lies and propaganda (and only Fox would give it airtime).
"All generous minds have a horror of what are commonly called 'Facts'. They are the brute beasts of the intellectual domain." -- Thomas Hobbes
Disclaimer: I am not a broker, dealer, investment advisor, physician, theologian or prophet. I should not be considered as legally permitted to render such advice!
Disclaimer: I am not a broker, dealer, investment advisor, physician, theologian or prophet. I should not be considered as legally permitted to render such advice!
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RuralEngineer
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Re: 170 Million Jobs Lost Due to Sequestration
They had someone from Europe do the report and using the comma instead of a period confused Fox.
Re: 170 Million Jobs Lost Due to Sequestration
I think that number is pretty solid.
What they have apparently done is take the immediate job cuts that would result from sequestration and then projected all of the descendants of those unemployed people from now until the end of time also being unemployed in a sort of "original sin" conception of unemployment.
Also, I think that they are picking up some unemployment projections from other planets due to intergalactic economic development that won't occur as a result of sequestration.

What they have apparently done is take the immediate job cuts that would result from sequestration and then projected all of the descendants of those unemployed people from now until the end of time also being unemployed in a sort of "original sin" conception of unemployment.
Also, I think that they are picking up some unemployment projections from other planets due to intergalactic economic development that won't occur as a result of sequestration.
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- Pointedstick
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Re: 170 Million Jobs Lost Due to Sequestration
I think the big fear is that the cuts will happen and nobody will even notice. That's why they're all trying to fill our minds with stories of terrible things that will come to pass.
Human behavior is economic behavior. The particulars may vary, but competition for limited resources remains a constant.
- CEO Nwabudike Morgan
- CEO Nwabudike Morgan
Re: 170 Million Jobs Lost Due to Sequestration
It reminds me of the age old question: "If a mime pretends to cut down a tree and nobody sees him, should he make a sound?"Pointedstick wrote: I think the big fear is that the cuts will happen and nobody will even notice. That's why they're all trying to fill our minds with stories of terrible things that will come to pass.
Q: “Do you have funny shaped balloons?”
A: “Not unless round is funny.”
A: “Not unless round is funny.”
Re: 170 Million Jobs Lost Due to Sequestration
No, because a blind guy might hear.MediumTex wrote:It reminds me of the age old question: "If a mime pretends to cut down a tree and nobody sees him, should he make a sound?"Pointedstick wrote: I think the big fear is that the cuts will happen and nobody will even notice. That's why they're all trying to fill our minds with stories of terrible things that will come to pass.
Re: 170 Million Jobs Lost Due to Sequestration
As a quasi-Keynesian, I'll fully admit that at the numbers they're talking about that people won't really notice (with the exception of this directly affected by the lowered cash-flow.Pointedstick wrote: I think the big fear is that the cuts will happen and nobody will even notice. That's why they're all trying to fill our minds with stories of terrible things that will come to pass.
For those not directly affected, many of them will continue to remain un/under-employed, and probably won't notice much. And this will be more prevalent for longer than if spending were higher and taxes were lower.
"Men did not make the earth. It is the value of the improvements only, and not the earth itself, that is individual property. Every proprietor owes to the community a ground rent for the land which he holds."
- Thomas Paine
- Thomas Paine
Re: 170 Million Jobs Lost Due to Sequestration
It's quite a statement about the US electorate that someone as dumb as Maxine Waters can be elected (even more so that she is re-elected).
I feel she has to be close to the "special needs" category.
I feel she has to be close to the "special needs" category.
Re: 170 Million Jobs Lost Due to Sequestration
Reminds me of Rep. Frank Johnson expressing concern that Guam will tip over and capsize because of overpopulation.clacy wrote: It's quite a statement about the US electorate that someone as dumb as Maxine Waters can be elected.
http://www.youtube.com/watch?v=c7m6aewquco
Re: 170 Million Jobs Lost Due to Sequestration
We did elect W as president.... twice. It doesn't surprise me that one district of the US could elect someone as dumb as her.clacy wrote: It's quite a statement about the US electorate that someone as dumb as Maxine Waters can be elected (even more so that she is re-elected).
I feel she has to be close to the "special needs" category.
"Men did not make the earth. It is the value of the improvements only, and not the earth itself, that is individual property. Every proprietor owes to the community a ground rent for the land which he holds."
- Thomas Paine
- Thomas Paine
Re: 170 Million Jobs Lost Due to Sequestration
I maintain we have an epidemic of stupid.
Proof: http://youtu.be/cesSRfXqS1Q
This man gets to vote on federal law and was reelected with over 75% of the vote...
Proof: http://youtu.be/cesSRfXqS1Q
This man gets to vote on federal law and was reelected with over 75% of the vote...
“Let every man divide his money into three parts, and invest a third in land, a third in business and a third let him keep by him in reserve.� ~Talmud
Re: 170 Million Jobs Lost Due to Sequestration
Is that real???!!!Bean wrote: I maintain we have an epidemic of stupid.
Proof: http://youtu.be/cesSRfXqS1Q
This man gets to vote on federal law and was reelected with over 75% of the vote...
If so, it is outstanding.
"All men's miseries derive from not being able to sit in a quiet room alone."
Pascal
Pascal
Re: 170 Million Jobs Lost Due to Sequestration
Yeap, he also suggested "corking" Mount St. Helens.AdamA wrote:Is that real???!!!Bean wrote: I maintain we have an epidemic of stupid.
Proof: http://youtu.be/cesSRfXqS1Q
This man gets to vote on federal law and was reelected with over 75% of the vote...
If so, it is outstanding.
“Let every man divide his money into three parts, and invest a third in land, a third in business and a third let him keep by him in reserve.� ~Talmud
Re: 170 Million Jobs Lost Due to Sequestration
That was my idea!Bean wrote: Yeap, he also suggested "corking" Mount St. Helens.
"All men's miseries derive from not being able to sit in a quiet room alone."
Pascal
Pascal
- Pointedstick
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Re: 170 Million Jobs Lost Due to Sequestration
Here's another great one:
https://www.youtube.com/watch?v=ospNRk2uM3U
Towering geniuses, these people.
https://www.youtube.com/watch?v=ospNRk2uM3U
Towering geniuses, these people.
Human behavior is economic behavior. The particulars may vary, but competition for limited resources remains a constant.
- CEO Nwabudike Morgan
- CEO Nwabudike Morgan
