New Jersey
Defense Breakdown Economic Impact Report
By Place of Performance Data -- Sorted by Contracting Office
(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 New Jersey 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 New Jersey 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 | Gco | $ Amount | Reduction by 9.0% | Reduction by 18.0% | New Jersey | Cookstown | 2011 | Crane Division Naval Surface | $148,362 | -$13,353 | -$26,705 |
New Jersey | Cookstown | 2011 | Defense Logistics Agency | $12,594 | -$1,133 | -$2,267 |
New Jersey | Cookstown | 2011 | Defense Supply Center Philadelphia | $450,315 | -$40,528 | -$81,057 |
New Jersey | Cookstown | 2011 | DLA Ogden | $7,497 | -$675 | -$1,349 |
New Jersey | Cookstown | 2011 | DSC Columbus | $3,377 | -$304 | -$608 |
New Jersey | Cookstown | 2011 | DSC Philadelphia | $120,008 | -$10,801 | -$21,601 |
New Jersey | Cookstown | 2011 | DSC Richmond | $1,073,213 | -$96,589 | -$193,178 |
New Jersey | Cookstown | 2011 | DSCC/Maritime Supplier Oper | $12,191 | -$1,097 | -$2,194 |
New Jersey | Cookstown | 2011 | Naval Inventory Control Point | $46,918 | -$4,223 | -$8,445 |
New Jersey | Cookstown | 2011 | USA Communications-Electronics | $27,410 | -$2,467 | -$4,934 |
New Jersey | Cookstown | 2011 | USA Materiel Command Acquisition | $10,683 | -$961 | -$1,923 |
TOTAL | | | | $1,912,568 | -$172,131 | -$344,261 |
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 00:34:22 www.forthecommondefense.org