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.
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