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New Jersey

Defense Breakdown Economic Impact Report
By Place of Performance Data -- Sorted by Product or Service

(FY 2012 Defense Contracts Baseline Data)

Estimated 9% to 18% Annual Budget Reductions Starting in FY 2013

Go to www.forthecommondefense.org/reports to view detailed reports on New Jersey counties, cities, Congressional Districts, industries, small businesses and information on sources and methodology.


         BACKGROUND ON THE DEFENSE BUDGET CUTS: 2013-2021

  • Our military is carrying an unfair burden of deficit cuts. To date, our Defense budget has been hit with 50% of deficit reduction -- yet it accounts for less than 20% of total federal spending. As a result of these cuts, in 2012 President Obama limited U.S. military capability to fighting one "regional conflict" and one "holding action."
     
  • Sequestration Defense budget cuts of $500 billion, combined with previous Defense cuts of another $487 billion, will cut defense spending in local communities by 9% to 18% between 2013 and 2021.
     
  • These reports show how estimates of defense budget reductions from 9% to 18% could affect New Jersey with cuts in defense jobs and businesses. Ask your elected officials for ongoing updates on how these defense cuts will affect your community.
     
  • Alternative solutions have been proposed to maintain a strong defense, reduce our deficit and avoid tax increases. Elected officials have proposed that the President and Congress reduce mandatory entitlement spending and make cuts in the non-security programs in the Federal budget. Over 60% of federal spending goes to entitlements like Social Security, Medicare, Medicaid and now Obamacare.
 

StateCityContract YearProduct or Service$ AmountReduction
   by 9.0%
Reduction
   by 18.0%
New JerseyBedminster2012ADP Software$6,504-$585-$1,171
New JerseyBedminster2012ADP Support Equip$1,086-$98-$195
New JerseyBedminster2012Communications Services$30,094-$2,708-$5,417
New JerseyBedminster2012Cutting Tools for Machine Tools$12,360-$1,112-$2,225
New JerseyBedminster2012Hand Tools, Power Driven$30,335-$2,730-$5,460
New JerseyBedminster2012It and Telecom- Internet$143,479-$12,913-$25,826
New JerseyBedminster2012Lathes$63,836-$5,745-$11,490
New JerseyBedminster2012Lease or Rental of Eq/Communication Equipment$1,915-$172-$345
New JerseyBedminster2012Machine Tool Accessories$1,947-$175-$350
New JerseyBedminster2012Milling Machines$138,600-$12,474-$24,948
New JerseyBedminster2012Miscellaneous Communication Equipment$84,480-$7,603-$15,206
New JerseyBedminster2012Other ADP & Telecommunication Services$47,705-$4,293-$8,587
New JerseyBedminster2012Other Utilities$57,145-$5,143-$10,286
New JerseyBedminster2012Saws and Filing Machines$28,531-$2,568-$5,136
New JerseyBedminster2012Telecommunication Network Management Services$357,559-$32,180-$64,361
New JerseyBedminster2012Telephone and Telegraph Equipment$1,165,076-$104,857-$209,714
TOTAL   $2,170,652-$195,356-$390,717

Data sources and more data available at www.governmentcontractswon.com, compiled from public data at www.fpds.gov

Created by the Center for Security Policy Defense Breakdown Economic Impact Report Generator (v.2.8.0-PoP) November 6, 2013 19:01:13 www.forthecommondefense.org