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Javaman Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Nov-22-11 08:27 AM
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Military Cuts Threaten Defense-Dependent States
http://www.bloomberg.com/news/2011-11-17/military-cuts-threaten-defense-dependent-states.html#

Virginia, Hawaii and Alaska may suffer the most economic harm from defense cuts of as much as $1 trillion during the next decade, a Bloomberg Government study shows.

Those three states are the most dependent on U.S. military spending, the study found. Virginia, home of the Pentagon and the Norfolk naval base, tops the list with 13.9 percent of its gross domestic product derived from defense spending. Hawaii ranks second, at 13.5 percent, and Alaska is third with 10.7 percent. All other states are in single digits, the study showed.

Bloomberg Government examined military spending by state as Congress considers budget cuts that might threaten the economies of states such as Virginia, where the Defense Department spent $56.9 billion in fiscal 2009, the last year for which comprehensive data were available. The spending came in the form of payroll, contracts and grants.

“It is a big-ticket item for Virginia,” said Richard Brown, the state’s secretary of finance. “That would be quite a blow to Virginia if there would be a major hit.”

more at link...

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While it's horrible that people will lose their jobs if the defense budget it cut, it's also why the MIC stays alive by making sure they control/blackmail congress people by putting defense manufacturing jobs in each state.

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unhappycamper Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Nov-22-11 08:38 AM
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1. The military has already been crying 'Doomsday'.
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lonestarnot Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Nov-22-11 08:40 AM
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2. wah wah wah.
:evilgrin:
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TheMadMonk Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Nov-22-11 10:09 AM
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3. So a permanent state of war is the only way to keep the country solvent?
It's high fucking time for insolvency.
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spedtr90 Donating Member (459 posts) Send PM | Profile | Ignore Wed Nov-23-11 09:21 AM
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4. The "CUTS" are actually a spending increase. Remember, this is politics.
If the sequestration goes forward, defense spending will still increase by 16 percent over the next ten years. This is a “cut” only in the sense that it would otherwise go up by at least 23 percent.

So says even Ron Paul and the National Review - while McCain and Graham cry the cuts will tear the seams of our defense.

http://www.nationalreview.com/corner/283889/devastating-defense-cuts-andrew-c-mccarthy

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mmonk Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Nov-23-11 09:32 AM
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5. Which states? The ones here or overseas?
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