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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 JerseyParamus2012ADP Software$5,277-$475-$950
New JerseyParamus2012Aircraft Ground Servicing Equipment$9,504-$855-$1,711
New JerseyParamus2012Automated News SVCS, Data SVCS, Or Other Info SVCS$23,246-$2,092-$4,184
New JerseyParamus2012Bearings, Plain, Unmounted$3,181-$286-$573
New JerseyParamus2012Blocks Tackle Rigging and Slings$40,800-$3,672-$7,344
New JerseyParamus2012Bolts$10,153-$914-$1,828
New JerseyParamus2012Food, Oils and Fats$2,934,610-$264,115-$528,230
New JerseyParamus2012Hand Tools, Nonedged, Nonpowered$6,090-$548-$1,096
New JerseyParamus2012Hardware, Weapon System$3,235-$291-$582
New JerseyParamus2012Marine Hardware and Hull Items$13,145-$1,183-$2,366
New JerseyParamus2012Misc Service and Trade Equipment$9,482-$853-$1,707
New JerseyParamus2012Miscellaneous Hardware$7,140-$643-$1,285
New JerseyParamus2012Newspapers and Periodicals$6,102-$549-$1,098
New JerseyParamus2012Nuts and Washers$3,925-$353-$707
New JerseyParamus2012Rings, Shims, And Spacers$4,913-$442-$884
New JerseyParamus2012Scaffolding Equipment and Concrete Forms$43,147-$3,883-$7,766
New JerseyParamus2012Sets, Kits, And Outfits of Hand Tools$11,840-$1,066-$2,131
New JerseyParamus2012Special Dietary Foods & Food Specialty Prep$1,465,750-$131,918-$263,835
New JerseyParamus2012Sugar, Confectionery, And Nuts$12,126,795-$1,091,412-$2,182,823
New JerseyParamus2012Surface Use Explo Ord Disposal Tools & Eq$77,527-$6,977-$13,955
TOTAL   $16,805,862-$1,512,527-$3,025,055

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 19:04:00 www.forthecommondefense.org