Pentagon cuts likely to cost jobs - AJC

[XanaDUer]

http://www.ajc.com/news/georgia-politics-elections/pentagon-cuts-likely-to-1245876.html

WASHINGTON — Congress’ failure to reach a debt deal has the Pentagon facing $600 billion in cuts, prompting concern in Georgia about the potential impact on military families and the thousands of military-related jobs in the state.

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AJC File Georgia, which has nine military installations, and Lockheed Martin, which builds a wing of the F-35 fighter jet, are likely to be watching the Pentagon’s decisions closely.
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The Department of Defense paid $12.6 billion in salary and wages in Georgia last year, according to U.S. Census data. Georgia also netted $12.4 billion in DOD contracts.

The fallback cuts were negotiated as part of the Aug. 2 accord to raise the federal borrowing limit and enact long-term spending reforms. With the supercommittee unable to agree on a consensus path, the unpopular across-the-board cuts to the military is increasingly likely to go through.

The cuts, which do not affect war funding, will go into effect in January 2013.

[unhappycamper]

1. Expect to hear this meme louder every day. n/t

[get the red out]

2. No military cuts

likely to cost lives.

[unhappycamper]

5. Really?

[get the red out]

8. My lack of punctuation sucks

I meant that if we have no military cuts it is likely to cost lives. I'd like to see the military scaled WAY BACK.

[Angleae]

10. And here's how the other $2.382 trillion will be spent.

Social Security ($761 billion(20.42%))
Medicare ($485 billion(13.01%))
Medicaid/State Children's Health Insurance Program (SCHIP) ($269 billion(7.22%))
Unemployment/Welfare/Other ($612 billion(16.43%))
Interest on National Debt ($242 billion(6.49%))
Troubled Asset Relief Program ($13.0 billion(0.35%))

(So-Called) Discretionary Spending ($1.344 Trillion (36.07%))

[spanone]

3. hey republicans....tough shit, you signed on to the supercomittee bullshit

[hobbit709]

4. Country Joe Mcdonald's words are still true

Come on Wall Street, don't be slow,
Why man, this is war au-go-go
There's plenty good money to be made
By supplying the Army with the tools of its trade,

[matmar]

6. How can this be? Everyone knows that government doesn't create jobs...

:sarcasm:

[MattBaggins]

7. Yet mention military cuts and it's as if Republicans

sat at the feet of Keynes.

[stillwaiting]

9. Even IF these supposed military "cuts" go through, defense spending will still INCREASE

16% over the next decade.

If these "cuts" go through they will probably just take it from military families compensation/retirement package one way or the other. The corporate graft will continue unabated for those companies that wield the power in this country. Some companies may lose out, but those won't be the ones that are running this truly great and spectacular show (:sarcasm:) that's been going on in this country.

Cost + contracts will probably remain in-tact, and based on past history there's a very good chance that these "cuts" won't even go through. They'll do what they need to do to continue their runaway growth and profits. Whatever it takes, wherever it takes with increasingly disastrous consequences for all but a very few elite.

Of course, the above outcome is unacceptable to most conservatives and liberals alike, but most conservatives will think that liberals want military families to receive these cuts. The propaganda is thick in RW-nut land.

#OWS

** Please be wrong, please be wrong, please be wrong, please be wrong **

[ellisonz]

11. Obama! Obama! Obama!

:yourock:

[XanaDUer]

12. My feelings, too. nt