Illinois
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 Illinois 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 Illinois 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% | Illinois | Franklin Park | 2011 | Bars and Rods, Nonferrous Base Metal | $45,153 | -$4,064 | -$8,128 |
Illinois | Franklin Park | 2011 | Cartridge & Propellant Actuated DV & Comps | $207,598 | -$18,684 | -$37,368 |
Illinois | Franklin Park | 2011 | Guided Missile Components | $297,504 | -$26,775 | -$53,551 |
Illinois | Franklin Park | 2011 | Misc Electrical & Electronic Components | $3,222 | -$290 | -$580 |
Illinois | Franklin Park | 2011 | Miscellaneous Ship and Marine Equipment | $23,747 | -$2,137 | -$4,274 |
Illinois | Franklin Park | 2011 | Office Furniture | $29,729 | -$2,676 | -$5,351 |
Illinois | Franklin Park | 2011 | Plate, Sheet, Strip, & Foil: Nonferrous Base Metal | $12,957 | -$1,166 | -$2,332 |
Illinois | Franklin Park | 2011 | Rockets, Rocket Ammunition & Rocket Comps | $33,282 | -$2,995 | -$5,991 |
Illinois | Franklin Park | 2011 | Structural Shapes, Nonferrous Base Metal | $4,032 | -$363 | -$726 |
TOTAL | | | | $657,224 | -$59,150 | -$118,301 |
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 01:12:35 www.forthecommondefense.org