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Iowa

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 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.
 

StateCityContract YearProduct or Service$ AmountReduction
   by 9.0%
Reduction
   by 18.0%
IowaEldridge2011Chemicals$3,137-$282-$565
IowaEldridge2011Foundry Machinery, Related Equip & Sup$590,128-$53,112-$106,223
IowaEldridge2011Fuels, Solid$3,024-$272-$544
IowaEldridge2011Guns, Through 30 MM$267-$24-$48
IowaEldridge2011Hand Tools, Edged, Nonpowered$9,791-$881-$1,762
IowaEldridge2011Hand Tools, Power Driven$3,524-$317-$634
IowaEldridge2011Inspection Gages & Precision Layout Tools$3,013-$271-$542
IowaEldridge2011Maint & Repair of Eq/Hand Tools$3,075-$277-$554
IowaEldridge2011Maint/All Other Non-Building Facilities$104,705-$9,423-$18,847
IowaEldridge2011Metal Heat Treating & Non-Thermal Equip$12,769-$1,149-$2,298
IowaEldridge2011Misc Welding, Soldering & Brazing Supply$507,511-$45,676-$91,352
IowaEldridge2011Miscellaneous Hardware$4,158-$374-$748
IowaEldridge2011Refractories & Fire Surfacing Materials$7,744-$697-$1,394
IowaEldridge2011Taps, Dies, And Collets: Hand and Machine$3,253-$293-$586
IowaEldridge2011Water Services$1,706-$154-$307
TOTAL   $1,257,805-$113,202-$226,404

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 01:11:18 www.forthecommondefense.org