New Jersey
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 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 | Product or Service | $ Amount | Reduction by 9.0% | Reduction by 18.0% | New Jersey | Atlantic City | 2011 | ADP Software, Equipment, And Tele Training | $4,044 | -$364 | -$728 |
New Jersey | Atlantic City | 2011 | Dredging, Excl. Dustpan and Sea-Going Hoppers | $12,178,374 | -$1,096,054 | -$2,192,107 |
New Jersey | Atlantic City | 2011 | Food Services | $40,330 | -$3,630 | -$7,259 |
New Jersey | Atlantic City | 2011 | Lease or Rental of Eq/ADP Equip & Supplies | $4,800 | -$432 | -$864 |
New Jersey | Atlantic City | 2011 | Lease or Rental of Eq/Food Prep & Serving Equip | $19,000 | -$1,710 | -$3,420 |
New Jersey | Atlantic City | 2011 | Lodging - Hotel/Motel | $364,745 | -$32,827 | -$65,654 |
New Jersey | Atlantic City | 2011 | Maint/All Other Non-Building Facilities | $57,122 | -$5,141 | -$10,282 |
TOTAL | | | | $12,668,415 | -$1,140,158 | -$2,280,314 |
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 01:24:22 www.forthecommondefense.org