Skip to comments.Gutting Defense Results In Cutting Jobs
Posted on 12/16/2011 9:02:07 AM PST by raptor22
Military Spending: The head of the House Armed Services Committee says already enacted and looming defense cuts could cost the economy a million and a half jobs. It could cost the nation much more than that.
As we've written, the upcoming mandated cuts in defense spending, on top of already enacted cuts,are real cuts, not cuts in the rate of growth.
They are deep cuts in the budget baseline that will impair military readiness and our ability to meet our commitments and respond to crises around the world.
They will also take a toll on the nation's job picture.
Rep. Buck McKeon, R-Calif., chairman of the House Armed Services Committee, testified Tuesday that his panel estimates the initial $489 billion in defense cuts approved by Congress would cost 100,000 military jobs, mostly Army and Marines, as well as 200,000 civilian defense jobs and 500,000 defense industry positions.
"We're looking at ... between 700,000 and 800,000 jobs," McKeon told the House Rules Committee during testimony about the compromise National Defense Authorization Act approved Monday by House and Senate negotiators.
If a second $600 billion tranche of defense cuts takes place under legislation passed in August, he added, "that would take those jobs up to about 1.5 million."
The fact is that under the proposed gutting of the military, defense spending in FY 2017 will be lower than that of fiscal 2011. If we factor in inflation, defense spending will not reach current levels again until sometime outside the 10-year budget frame.
(Excerpt) Read more at news.investors.com ...
do we expect employers to pay salaries to keep 'jobs' when theres no profit to be made in sales ???
on the bright side, all those commuters staying home will increase the domestic fuel supply and lower gas prices for the OWS crowd...
I am thinking of getting an Obama-care job working for the death-panels :)
it *IS* gubmint failing to appropriate monies for one of the few functions that it is actually tasked with accomplishing...
whether the amount is too much or too little is a different debate, but it aint about 'jobs' unless yer counting swining richards in the field...
Every staff officer in the World is reevaluating their military plans based on the perceived weakness of the US military.
We and our young people will pay the price in blood for our leaders mistakes. The second that the advisaries think we can be defeated, they will be here with guns blazing.
Wake up America.
yeah, but eventually, technology will make yer job obsolete, or it will be offshoared to auschwitz...
Close, North Korea. They can fix the medicare and social security deficits very efficiently.
Point being, these are tax dollars we're talking about, which tends to undermine our contention that they're better left in the hands of the taxpayers, who are better than the government at creating jobs.
As a matter of fact, getting rid of any programs/FedGov depts (as expressed by most of the GOP candidates) will result in 100s of 1000s unemployed.
How about bringing our troops home and stop subsidizing other nations with our defense dollars!
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