Sequester: The military girds for a blow
Washington's latest game of financial chicken threatens to trigger huge cuts for the Pentagon. Here are the top 10 states on the hit list.
Are you ready for the sequester? This latest post-fiscal cliff, political game of chicken over the federal budget could go into effect on March 1, unless some sort of congressional compromise is reached.
As Caitlin Dickson at the Daily Beast puts it, the sequester "is the trade-off for the tax hikes the cliff deal avoided: a collection of across-the-board budget cuts adding up to about $1.2 trillion dollars over 10 years. It’s a manufactured political crisis, basically, and everyone shares some blame for it."
If the sequester happens -- and that's still a pretty large "if" -- about half of those cuts will come from the U.S. military. The Pentagon could find its budget slashed by $500 billion, which would not only have direct and a relatively immediate impact on the war in Afghanistan but also on defense industry contractors and, of course, jobs directly and indirectly linked to the Department of Defense.
"Cuts to spending for the acquisition of military equipment alone would lead the loss of over 1,000,000 private sector jobs," warns the U.S. House Armed Services Committee website. "These cuts could push unemployment back up to 9%."
The website adds that more than 350,000 of the Pentagon's active-duty military and civilian personnel could also find themselves out of work.
The U.S. Army recently released a document forecasting how cuts to its branch alone would affect more than 302,000 jobs across the nation -- with an economic impact of $15.35 billion.
The Washington Business Journal went through the Army's data and tallied up what each state potentially stands to lose in terms of economic impact and job cuts. Here's the top 10 list:
Alabama -- Economic loss: $1.9 billion, jobs affected: 25,177.
Arizona -- Economic loss: $262 million, jobs affected: 5,063.
California -- Economic loss: $615 million, jobs affected: 11,432.
Georgia -- Economic loss: $931 million, jobs affected: 17,163.
Hawaii -- Economic loss: $287 million, jobs affected: 8,499.
Kentucky -- Economic loss: $606 million, jobs affected: 15,016.
Maryland -- Economic loss: $527 million, jobs affected: 23,243.
Texas -- Economic loss: $2.4 billion, jobs affected: 34,734.
Virginia -- Economic loss: $1 billion, jobs affected: 25,360.
Washington -- Economic loss: $461 million, jobs affected: 11,047.
The Army says it's preparing for any near-future budget reductions by cutting its contracted workforce, using attrition to lower the number of temporary and short-term employees, implementing a hiring freeze, "diverting" funds for facility restoration and modernization, and by reducing base operation support levels.
I agree with cutting the defense budget, there are way to do it that does not affect the US employment picture. This would be to curtail our troop presence outside the US, including the middle east. Both parties have given in when it comes to the "holy cow". Yes I am a veteran, I enlisted and served in Viet Nam. When you send the military in it is to WIN, not be a police action or to stay for 10 years.
Before there are big cuts to the military, the White House must first set the example in cutting cost within their area, to include benefits. The American people see a very none productive elected group in Washington DC, that are wasting funds and at the expense of the American citizens. Too many want to be chiefs and no leader to be a real chief to lead. I see a pack of wild dogs fighting among their selves and do not know what they are fighting about. No goals and no guide lines to follow. Go figure!
Obuma was FOR the sequester BEFORE he was against it.
A bigger liar , fake , faud this country has NEVER seen.
We need to trim the fat from ALL goverment projects. funding for studies that are not health related. there are 11 to 20 million illegal immigrants living in the US. Jobs are getting out sourced to other countries. 250,000 soldiers are getting chaptered out of the Army, Where are they going to work? Buisnesses are cutting hours so they don't have to pay for health care. Banks getting bailouts from the goverment. Unemployement at an all time high...
WHO IS GOING TO PAY FOR ALL THIS?????
What the heck! Congress has been weel aware of the sequesteration since 2011 and has done nothing but wrangle over partisan politics. Then a week before the hammer falls - they take off. I thought that our representatives first job was to take care of business and represent all of us- Democrats and Repubilcans. It is clear that their first loyalty is to their respective parties. There is going to be a lot of fallout - loss of jobs is number one, and it will spiral downward from there. Those of us that are saving for retirement are going to get wacked as well as those that are retired. Our education and transportation systems in jepeopardy. What the heck we are all going to get burned except our
elected representatives who will line their pockets and get the kind of benefits we all dream about, and when a crises arises they'll just go on vacation.
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A basic income policy can actually ensure a decent standard of living for everyone.
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