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Sequester, Defense Budgets and the Industrial Base

October 17, 2013

Mandatory budget cuts will dramatically and disproportionately reduce the Defense Department’s modernization accounts, which will damage the industrial base more severely than is commonly believed. The reasons for this that are enumerated in the paper include: The effects of sequester in 2013 were mitigated; Modernization funding, though roughly one-third of the defense budget, will likely absorb nearly half the cuts in sequester’s early years; and DOD is taking a "modernzation holiday"by committing between 15 and 20 percent less to needed programs.

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Sequester, Defense Budgets and the Industrial Base