U.S. lawmakers and policymakers who are pushing extreme austerity measures and spending cuts over job-creating investments as the magic path to economic stability should take a long hard look at what’s happened to the nations of the European Union (EU) that have imposed strict fiscal austerity policies.  Unemployment has soared, according to a new report on the EU labor market from the International Labor Organization (ILO).

There are more than 10 million more jobless people in Europe now than at the start of the crisis. There are now more than 26 million Europeans without jobs, with young and low-skilled workers being the hardest hit.

Severe budget cuts (for example, the kind required by the sequester), also known as “austerity” policies—expected to be implemented in 119 countries across the globe in 2013—are the wrong solution to the world’s economic crisis, concludes a new paper released by the Initiative for Policy Dialogue and the South Centre.

We already covered how sequestration cuts will affect your state, but here's an update on the pain these cuts are causing in communities across the country since they went into effect March 1. 

Think these cuts aren't painful? Think again. Here are some highlights on the sequester's reign of terror after the jump.

Calling sequestration “just a fancy word for a dumb idea,” AFL-CIO President Richard Trumka says the 750,000 job-killing, across-the-board budget cuts and other moves toward fiscal austerity will “further weaken the economy and cost jobs” and make even worse “the crisis of mass unemployment. Millions of Americans who want to work cannot find jobs.”

Writing in a special report in The Hill on jobs and the economy, Trumka says:

On some days, it seems like all of official Washington is racing to embrace the most destructive consensus since the Iraq war.

In more than 100 events across the country Wednesday, working families rallied outside lawmakers’ offices, federal agencies, military bases and elsewhere to shine a spotlight on the impact of the sequester’s across-the-board cuts that will cost more than 750,000 jobs this year alone and to call for its repeal.

While most of the actions aimed at members of Congress were focused on Republicans who are using the sequester as leverage to get their way in Congress, in Beckley, W.Va., a group of more than 50 AFGE and other union members and community supporters received a shout out of support from Rep. Nick Rahall (D).

Across-the-board budget cuts—called sequestration—will cost more than 750,000 jobs this year alone and many more jobs over the next decade. There is a simple solution to make this problem go away: repeal sequestration.

It's that simple.

Join working families on March 20 for a national day of actions at congressional offices and in our communities.

Find an event near you.

Democratic Reps. John Conyers (Mich.), Keith Ellison (Minn.), Alan Grayson (Fla.) and Raul Grijalva (Ariz.) will demand action on a one-sentence bill introduced by Conyers called the "Cancel the Sequester Act of 2013."

You can watch the press conference live at 12 p.m. EDT here or in this blog. 

You probably don't have to look beyond your own community to see the visible signs of a crumbling and over-crowded transportation system. And you probably don't need to look further than your own family or close friends to find someone who is out of work.

What should the president do now?

Push to repeal the sequester (a reconciliation bill in the Senate would allow repeal with 51 votes, thereby putting pressure on House Republicans) and replace it with a “Build America’s Future” Act that would close tax loopholes used by the wealthy, end corporate welfare, impose a small (1/10 of 1%) tax on financial transactions and reduce the size of the military.

As you may have heard, the Republicans' refusal to discontinue the hostage crisis around the sequester has led to the across-the-board budget cuts kicking in today. What you may not have heard is that the sequester actually increases the the public debt-to-GDP ratio, Andrew Fieldhouse of the Economic Policy Institute points out.