No state breakout
Defense Breakdown Economic Impact Report
By Contractor Location Data -- Sorted by Ethnic Group
(FY 2011 Defense Contracts Baseline Data)
Includes Estimated 9% Annual Budget Reduction
And
Estimated 18% Sequestration Annual Budget Reduction
Starting in FY 2013
Go to www.forthecommondefense.org/reports to view detailed reports on No state breakout 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.
- Earlier Budget Cuts: the first 9% Defense Budget Reduction: Defense budgets for 2013-2021 were cut $487 billion -- an average 9% cut over 9 years. In 2012, President Obama limited U.S. military capability to fighting one "regional conflict" and one "holding action."
- Sequestration Budget Cuts: the second 9% Defense Budget Reduction: "Sequestration," also required by law in 2011, mandates $500 billion more in 2013-2021 defense cuts -- an average total 18% cut. In 2011 President Obama said "I will veto any effort to get rid of those automatic spending cuts."
- 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.
- Be Prepared: These reports show how estimates of 2013 defense budget reductions of 9% and 18% could affect No state breakout with cuts in defense jobs and businesses. Ask your elected officials for ongoing updates on how these defense cuts will affect your community.
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Contract Year | Ethnic Group | Contract Count | $ Amount | Reduction by 9.0% | Reduction by 18.0% | 2011 | -- | 409,846 | $315,178,808,891 | -$28,366,093,927 | -$56,732,187,855 |
2011 | Asian-Indian American | 4,210 | $2,245,320,846 | -$202,078,884 | -$404,157,768 |
2011 | Asian-Pacific American | 21,970 | $6,646,164,083 | -$598,154,791 | -$1,196,309,582 |
2011 | Black American | 14,790 | $6,382,814,098 | -$574,453,292 | -$1,148,906,583 |
2011 | Hispanic American | 18,175 | $8,029,925,642 | -$722,693,336 | -$1,445,386,673 |
2011 | Native American | 4,142 | $6,004,551,848 | -$540,409,688 | -$1,080,819,376 |
2011 | Subcontinent Asian American Owned Business | 9,385 | $3,738,283,164 | -$336,445,498 | -$672,890,996 |
| TOTAL | 482,518 | $348,225,868,572 | -$31,340,329,416 | -$62,680,658,833 |
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.2.7.0-CL) February 21, 2013 00:13:54 www.forthecommondefense.org