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.
| |
State | City | Contract Year | Gco | $ Amount | Reduction by 9.0% | Reduction by 18.0% | New Jersey | Midland Park | 2011 | DCMA West District | $12,960 | -$1,166 | -$2,333 |
New Jersey | Midland Park | 2011 | DSCC Maritime Supplier | $3,615 | -$325 | -$651 |
New Jersey | Midland Park | 2011 | Fleet and Industrial Supply Cent | $32,707 | -$2,944 | -$5,887 |
New Jersey | Midland Park | 2011 | TACOM - Warren | $5,140 | -$463 | -$925 |
New Jersey | Midland Park | 2011 | USPFO for Georgia | $9,439 | -$850 | -$1,699 |
New Jersey | Midland Park | 2011 | USPFO for Indiana | $3,187 | -$287 | -$574 |
New Jersey | Midland Park | 2011 | USPFO for Tennessee | $7,236 | -$651 | -$1,302 |
New Jersey | Midland Park | 2011 | W6QK ACC-RI | $56,151 | -$5,054 | -$10,107 |
TOTAL | | | | $130,435 | -$11,740 | -$23,478 |
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 00:34:59 www.forthecommondefense.org