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Defense cuts could equal 1 million jobs lost

More than 1 million American jobs could be lost as a result of defense budget cuts if the deficit reduction committee fails to reach agreement on alternative balanced budget solutions, and total cuts to defense reach $1 trillion. The study, done by Stephen Fuller, director of regional analysis at George Mason University and Economic Modeling… Continue Reading Defense cuts could equal 1 million jobs lost

For the dozen lawmakers tasked with producing a deficit-cutting plan, the threatened “doomsday” defense cuts hit close to home. The six Republicans and six Democrats represent states where the biggest military contractors — Lockheed Martin, General Dynamics Corp., Raytheon Co. and Boeing Co. — build missiles, aircraft, jet fighters and tanks while employing tens of… Continue Reading ‘Doomsday’ defense cuts loom large for select 12

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