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 | Flemington | 2011 | Additive Metal Materials & Master Alloys | $41,271 | -$3,714 | -$7,429 |
New Jersey | Flemington | 2011 | Compressors and Vacuum Pumps | $198,539 | -$17,869 | -$35,737 |
New Jersey | Flemington | 2011 | Connectors, Electrical | $4,827 | -$434 | -$869 |
New Jersey | Flemington | 2011 | Converters, Electrical, Nonrotating | $6,324 | -$569 | -$1,138 |
New Jersey | Flemington | 2011 | Endangered Species Studies - Plant & Animal | $117,046 | -$10,534 | -$21,068 |
New Jersey | Flemington | 2011 | Laboratory Equipment & Supplies | $6,295 | -$567 | -$1,133 |
New Jersey | Flemington | 2011 | Laboratory Testing Services | $4,600 | -$414 | -$828 |
New Jersey | Flemington | 2011 | Maint & Repair of Eq/Electrical & Elct Equip Comps | $9,058 | -$815 | -$1,630 |
New Jersey | Flemington | 2011 | RDTE/Product or Srvc Improvement-Basic Research | $980,872 | -$88,278 | -$176,557 |
TOTAL | | | | $1,368,832 | -$123,194 | -$246,389 |
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 01:24:57 www.forthecommondefense.org