Tennessee
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 Tennessee 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 Tennessee 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 | County | Contract Year | Product or Service | $ Amount | Reduction by 9.0% | Reduction by 18.0% | Tennessee | Crockett | 2011 | ACFT Maint & Repair Shop Specilized Equip | $4,745 | -$427 | -$854 |
Tennessee | Crockett | 2011 | Beverages, Nonalcoholic | $5,130,428 | -$461,739 | -$923,477 |
Tennessee | Crockett | 2011 | Coils and Transformers | $61,076 | -$5,497 | -$10,994 |
Tennessee | Crockett | 2011 | Compressors and Vacuum Pumps | $54,050 | -$4,865 | -$9,729 |
Tennessee | Crockett | 2011 | Food Items for Resale | $5,728,070 | -$515,526 | -$1,031,053 |
Tennessee | Crockett | 2011 | Maint & Repair of Eq/Miscellaneous Equipment | $9,740 | -$877 | -$1,753 |
Tennessee | Crockett | 2011 | Miscellaneous Power Transmission Equip | $30,650 | -$2,759 | -$5,517 |
Tennessee | Crockett | 2011 | Modification of Eq/Pumps & Compressors | $55,709 | -$5,014 | -$10,028 |
TOTAL | | | | $11,074,468 | -$996,704 | -$1,993,405 |
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 01:53:51 www.forthecommondefense.org