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 | Sparta | 2011 | Ammunition, 75 MM Through 125 MM | $7,200 | -$648 | -$1,296 |
New Jersey | Sparta | 2011 | Fittings and Specialties; Hose, Pipe, Tube | $35,179 | -$3,166 | -$6,332 |
New Jersey | Sparta | 2011 | Gas Turbines and Jet Engines, ACFT & Comps | $26,532 | -$2,388 | -$4,776 |
New Jersey | Sparta | 2011 | Misc Electric Power & Distribution Eq | $27,595 | -$2,484 | -$4,967 |
New Jersey | Sparta | 2011 | Miscellaneous Hardware | $156,778 | -$14,110 | -$28,220 |
New Jersey | Sparta | 2011 | MSL Aircraft Accessories and Components | $6,083 | -$547 | -$1,095 |
New Jersey | Sparta | 2011 | Non-Nuclear Ship Repair (East) | $26,671 | -$2,400 | -$4,801 |
New Jersey | Sparta | 2011 | RDTE/Other Research & Development-Applied Researc | $3,512,770 | -$316,149 | -$632,299 |
New Jersey | Sparta | 2011 | Refrigeration and Air Conditioning Comps | $5,013 | -$451 | -$902 |
TOTAL | | | | $3,803,821 | -$342,343 | -$684,688 |
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 01:26:17 www.forthecommondefense.org