Maxine Waters – Over 170 Million Jobs Could Be Lost Due To Sequestration

“http://Lybio.net
The Accurate Source To Find Transcript To Maxine Waters – Over 170 Million Jobs Could Be Lost Due To Sequestration.”

[Maxine Waters - Over 170 Million Jobs Could Be Lost Due To Sequestration]

[Maxine Waters] Source: LYBIO.net
I certainly thank you very much leader Pelosi. I find that we appear to be coming to this room more and more as women, as you lead us in addressing many of the issues that are rising in this Congress, and our need to push back on the negative impact of much of what is being done by our friends on the opposite side of the aisle.

Yesterday, we did have Mr. Bernanke in our committee, and he came to tell us what he is doing with Quantitative Easing, and that is trying to stimulate the economy with the bond purchases that he has been doing, because he is trying to keep the interest rates low, and create 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 job losses over 170 million jobs that could be lost. And so he made it very clear, he is 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. CDBG, our formula grant programs will be cut by $153 million. These are grants to cities that help our women and children and low income programs.

[Maxine Waters] Source: LYBIO.net
We also will cut the home program by $52 million if sequestration takes place. Native American housing grant by $34 million, housing choice grants by $113 million, public housing, mostly single women in public housing, another $304 million. And homelessness, everybody claims to be concerned about homelessness and the growing number of women and children who are out there homeless.

But look, they will take a $99 million hit and on and on and on. And so 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.

Maxine Waters – Over 170 Million Jobs Could Be Lost Due To Sequestration. Sequestration will set us back. All of the gains that we have made will be lost with sequestration. Complete Full Transcript, Dialogue, Remarks, Saying, Quotes, Words And Text.