Florida
Defense Breakdown Economic Impact Report
By Place of Performance Data -- Sorted by Product or Service
(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 Florida 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 Florida 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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State | City | Contract Year | Product or Service | $ Amount | Reduction by 9.0% | Reduction by 18.0% | Florida | Vero Beach | 2011 | Architect-Engineering Services | $119,328 | -$10,740 | -$21,479 |
Florida | Vero Beach | 2011 | Dams | $3,012,301 | -$271,107 | -$542,214 |
Florida | Vero Beach | 2011 | Electric Portable & Hand Lighting Equip | $42,309 | -$3,808 | -$7,616 |
Florida | Vero Beach | 2011 | Guns, Through 30 MM | $26,010 | -$2,341 | -$4,682 |
Florida | Vero Beach | 2011 | Pipe and Tube | $2,594 | -$233 | -$467 |
Florida | Vero Beach | 2011 | Prefabricated and Portable Buildings | $48,741 | -$4,387 | -$8,773 |
Florida | Vero Beach | 2011 | Prefabricated Tower Structures | $3,380 | -$304 | -$608 |
Florida | Vero Beach | 2011 | Screws | $13,066 | -$1,176 | -$2,352 |
Florida | Vero Beach | 2011 | Specialized Shipping & Storage Containers | $78,503 | -$7,065 | -$14,131 |
Florida | Vero Beach | 2011 | Storage Tanks | $288,414 | -$25,957 | -$51,915 |
Florida | Vero Beach | 2011 | Trailers | $64,103 | -$5,769 | -$11,539 |
TOTAL | | | | $3,698,749 | -$332,887 | -$665,776 |
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-PoP) February 21, 2013 01:08:56 www.forthecommondefense.org