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 | Paramus | 2011 | 314 CONS/CC | $23,980 | -$2,158 | -$4,316 |
New Jersey | Paramus | 2011 | Commander | $5,811 | -$523 | -$1,046 |
New Jersey | Paramus | 2011 | Defense Commissary Agency | $15,019,117 | -$1,351,721 | -$2,703,441 |
New Jersey | Paramus | 2011 | DLA Maritime - Puget Sound | $177,990 | -$16,019 | -$32,038 |
New Jersey | Paramus | 2011 | DSC Columbus | $27,336 | -$2,460 | -$4,920 |
New Jersey | Paramus | 2011 | Fisc Puget Sound | $7,242 | -$652 | -$1,304 |
New Jersey | Paramus | 2011 | Fleet and Industrial Supply Cent | $23,925 | -$2,153 | -$4,307 |
New Jersey | Paramus | 2011 | Naval Research Laboratory | $6,049 | -$544 | -$1,089 |
New Jersey | Paramus | 2011 | Naval Surface Warfare Center | $96,134 | -$8,652 | -$17,304 |
New Jersey | Paramus | 2011 | TACOM - Picatinny | $829,460 | -$74,651 | -$149,303 |
New Jersey | Paramus | 2011 | USSOCOM, Tako Contracting Div. | $3,000 | -$270 | -$540 |
TOTAL | | | | $16,220,044 | -$1,459,803 | -$2,919,608 |
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 00:35:11 www.forthecommondefense.org