Report Shows Business Impact of Defense Cuts
August 22, 2012
A pro-defense think tank has issued a new report that shows by congressional district the impact on local businesses of the potential $500 billion in across-the-board budget cuts looming in January.
The report does not include any assumptions about potential military or civilian personnel reductions, nor does it try to factor in the threat of furlough of civilian workers, which also would have an impact on local economies.
Released late Tuesday, the report, from the nonpartisan, nonprofit Center for Security Policy, comes as Republicans are trying to blame the Obama administration and the Democratic-controlled Senate for the possible impact of automatic defense cuts in January as part of a process known as sequestration.
The cuts, which would total about $1.2 trillion across the federal government, would kick in unless Congress comes up with its own alternative debt-reduction plan.