Defense cutbacks hit home

Oct. 27, 2011

The supercommittee report outlining how it plans to meet its deficit reduction target is due in just a few short weeks. As I wrote last month, defense has already been cut to the bone and industry’s message is a simple, “No more.”

Just to review, here’s the scenario we face: the Defense Department is already planning on making $460 billion in cuts over the next ten years. If the supercommittee can’t find an additional $1.2 trillion in savings under the Budget Control Act’s sequestration mandate, defense will be headed for another $600 billion in reductions over…

Stephen S. Fuller, Ph.D., George Mason University “Economic Consequences of Defense Sequestration”

Testimony of

Stephen S. Fuller, Ph.D.,
Dwight Schar Faculty Chair, University Professor
and Director of the Center for Regional Analysis
George Mason University

Before the House Armed Services Committee on the
Economic Consequences of Defense Sequestration

October 26, 2011

Buck McKeon, “Economic Consequences of Defense Sequestration”

Economic Consequences of Defense Sequestration
Chairman Buck McKeon

Marion C. Blakey, the economic impact of aerospace and defense

Marion C. Blakey
President and CEO
Aerospace Industries Association

National Press Club
Tuesday, October 25, 2011 2:00 P.M.
Remarks as prepared for delivery

Analysis Projects One Million Jobs at Risk from Defense Cuts

Oct. 25, 2011

An economic impact analysis projects more than one million American jobs could be lost as a result of defense budget cuts if the deficit reduction select committee fails to reach agreement on alternative balanced budget solutions and total cuts to defense reach $1 trillion.

Dr. Stephen S. Fuller, Dwight Schar Faculty Chair, University Professor and Director, Center for Regional Analysis at George Mason University and Economic Modeling Specialists Inc. (EMSI) conducted the analysis on behalf of the Aerospace Industries Association. “Our analysis reveals bleak outcomes for both the defense industry and the economy as…