Report: If sequestration is triggered, Virginia could lose thousands of defense jobsPosted by Randy | March 13, 2012
Under defense budget “sequestration,” 122,900 defense-dependent jobs will be lost in Virginia. That is according to a new study on the Aerospace and Defense Industry by consulting and auditing services company DeLoitte. The report points out that “defense budget declines may impact direct and indirect employment, ability to conduct research and development, and taxes paid.”
Here are some key takeaways from the study:
The bottom line is this: If sequestration is triggered, it will cripple our defense industrial base and the losses will be felt across the U.S. economy. I have long said that drastic defense budget cuts risk a weakening of the pillars of America: trade, jobs, innovation, and the American way of life.
Read the full study by Deloitte here.
Read about my work to maintain a strong defense and a strong America here.
Weigh in: are you concerned about the impact defense cuts could have on America?
Users are solely responsible for the opinions they post here and their comments do not necessarily reflect the views of Congressman Forbes.
Post a Comment
We encourage you to analyze and comment on the posts featured on this blog, but please understand that comments which include campaign content, engage in personal attacks, or include vulgar, profane, obscene, or inappropriate language will be removed from the site. Please note that there may be a brief delay in the publication of your comment.
RECENT POSTS05/20/2013 - GSA shorts small business by over $3 million
05/20/2013 - Time to Admit China is a Military Competitor
05/17/2013 - Question of the week: Do you believe the Prevent IRS Overreach Act is a necessary step in ensuring protection for the American people?
05/16/2013 - The Unaffordable Care Act
05/15/2013 - Questioning Eric Holder on Benghazi, IRS, and Fast and Furious
05/14/2013 - IRS Targets American Taxpayers Over Politics