So much for the doom and gloom predictions of Democrats that sequestration, a drop in the bucket when it comes to cutting spending, would cost the US economy thousands of jobs. In reality, it only cost one job. That’s right. One whole job. Whoop-de-do!
Remember the dire warnings that a ton of government workers would lose their jobs if the across-the-board budget cuts went into effect? Turns out only one worker did.
Turn the clock back to early 2013 and listen to what President Obama said would happen because of the automatic spending cuts — called sequestration — that were set to go into effect that year.
Sequestration “will add hundreds of thousands of Americans to the unemployment rolls,” he asserted. “People will lose their jobs. The unemployment rate might tick up again.”
Also, first responders, teachers and other “essential” government workers would get the ax, he said.
Yet when the Government Accountability Office went through 23 federal agencies looking for those job cuts, it found just one employee had been laid off due to sequestration. Even by government standards, there’s a big difference between “one” and “hundreds of thousands.”
So who got the ax?
Read the whole thing to find out which unlucky fella lost his job due to the sequester.