Massachusetts
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 Massachusetts 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 Massachusetts with cuts in defense jobs and businesses. Ask your elected officials for ongoing updates on how these defense cuts will affect your community.
| |
State | City | Contract Year | Product or Service | $ Amount | Reduction by 9.0% | Reduction by 18.0% | Massachusetts | Gloucester | 2011 | Gas Turbines and Jet Eng, Non ACFT; And Comps | $71,818 | -$6,464 | -$12,927 |
Massachusetts | Gloucester | 2011 | Gas Turbines and Jet Engines, ACFT & Comps | $104,179 | -$9,376 | -$18,752 |
Massachusetts | Gloucester | 2011 | Individual Equipment | $4,526 | -$407 | -$815 |
Massachusetts | Gloucester | 2011 | Inspection Gages & Precision Layout Tools | $650,004 | -$58,500 | -$117,001 |
Massachusetts | Gloucester | 2011 | Meat, Poultry, And Fish | $7,708,921 | -$693,803 | -$1,387,606 |
Massachusetts | Gloucester | 2011 | Metal Screening | $3,300 | -$297 | -$594 |
Massachusetts | Gloucester | 2011 | Rings, Shims, And Spacers | $13,580 | -$1,222 | -$2,444 |
TOTAL | | | | $8,556,328 | -$770,069 | -$1,540,139 |
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 01:17:11 www.forthecommondefense.org