Here's politifact wondering where Harry Reid got his data for the Sequester costing 1.6M jobs and rating his statement categorically false. It took me 5 seconds to find Reid's source. To be strict, CBO said the sequester commits us to between 300K and 1.6M job losses, while Reid implied that the job losses had already happened. A fairer reading would be "half true", or perhaps "hyperbolic". Combined with the shutdown and debt ceiling threat, perhaps "optimistic".
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