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.
Read down the list -how many of the states most affected by "the sequester" are Republican states, who have no industry other than Military bases - where they bleed soldiers dry. Their industry is based on busting soldier, selling liquor to soldiers, prostitution, crime, drugs, substandard housing, flyby-night car dealers and repair shops who fleece young soldiers and "charities" funded by military personnel. Then you have ordnance industries, refurbishment depots, tank manufacturing, ship building....
Most of them were situated situated in the midwest or the deep south during wwI and WWII for cheap wages and the difficulty of enemy attack.
If the bases close or are moved, combined with other bases - the services Cities and towns near by would dry up and blow away. Back in the 70's and 80's when Conservatives were on the war wagon about cutting the budget they were asleep at the wheel. Fort Ord was closed and nearly all the counties in the region went broke in less than 3 to 5 years. the bottom fell out of real estate, retiree's found they had to drive hundreds of miles to get Veterans hospital care.
They can't afford to do that again. even worse if DC is hit. What will all those lobbyist do for a living?
Man, these big government scum just endlessly stretch out any effort to get the budget under control. 5 years of trillion dollar deficits. Every one of them should be put up against a wall and shot.
It appears Obama is trying to be Queen Antoinette...."Let them eat cake"...
When the feds spend 9 Bil a day of which 5.5 bil is borrowed, the 85 bil sequestration is quite literally 9 days of spending.....go team Obama your the greatest....
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?????
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