Defense Sequestration Economic Impacts on Local Region
The Center for Security Policy has posted new Congressional District Reports to help estimate the potential local economic impacts of the ten-year $500 billion in cuts to the nation’s defense budget under Sequestration. The reports are free and available online to the public at http://forthecommondefense.org/districts.
To view today’s additional new release (Version 2.60) of the detailed reports with 2011 data showing the 18% Sequestration cuts for all U.S. states and territories, counties and cities go to http://forthecommondefense.org/reports .
Review of the 16th Congressional District Reports show the details of each local manufacturing company that will be impacted. The total amounts to $196,095,044. That’s a lot of contracts in just this region that could get cancelled.
Do you suppose Congress and the President will do something to avoid job losses?