Iowa
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 Iowa 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 Iowa 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 | Contract Year | Ethnic Group | Contract Count | $ Amount | Reduction by 9.0% | Reduction by 18.0% | Iowa | 2011 | -- | 2,475 | $1,207,654,103 | -$108,688,874 | -$217,377,747 |
Iowa | 2011 | Asian-Indian American | 81 | $12,031,091 | -$1,082,798 | -$2,165,596 |
Iowa | 2011 | Asian-Pacific American | 6 | $1,428,212 | -$128,539 | -$257,078 |
Iowa | 2011 | Black American | 28 | $5,729,693 | -$515,672 | -$1,031,345 |
Iowa | 2011 | Hispanic American | 178 | $50,292,844 | -$4,526,356 | -$9,052,712 |
Iowa | 2011 | Native American | 8 | $225,975 | -$20,338 | -$40,676 |
Iowa | 2011 | Subcontinent Asian American Owned Business | 3 | $1,054,029 | -$94,863 | -$189,725 |
TOTAL | | | 2,779 | $1,278,415,947 | -$115,057,440 | -$230,114,879 |
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 00:12:45 www.forthecommondefense.org