The nonpartisan Congressional Budget Office on Thursday estimated that keeping the spending cuts from sequestration in place through fiscal 2014 would cost up to 1.6 million jobs.
Canceling the cuts, on the other hand, would yield between 300,000 to 1.6 million new jobs, with the most likely outcome being the addition of 900,000, the CBO said. [...]
“This kind of information should be something that shakes people up a little bit and forces them to recognize the human toll,” Van Hollen said of the CBO report.
Love, The Hill