What May Be The Economic Impact From US Defense Budget Cuts

Defense Industry: Keep Paying Us Or The Economy Dies -- Danger Room

Defense giant Lockheed Martin had a totally sweet quarter, raking in $700 million and looking forward to the same this time next year. So it raises eyebrows when Lockheed’s anointed mouthpieces predict mass economic disaster if Congress touches the defense budget.

On Tuesday, the aerospace industry put out a report saying that chopping the defense budget would put over a million Americans out of work. Cuts that could total up to a trillion dollars over 10 years would “devastate the economy and the defense industrial base and undermine the national security of our country,” said Marion Blakeley, president of the Aerospace Industries Association, which sponsored the report.

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More News On The Economic Impact From US Defense Budget Cuts

Defense cuts would cost U.S. more than 1 million jobs, economist says -- Washington Post
Cut $1 trillion, lose 1 million jobs, defense industry warns -- Market Watch
Defense Industry Says $1 Trillion Cut Hits 1 Million Jobs -- Bloomberg Businessweek
House Panel Told Defense Cuts Put 880K ‘Main St.’ Jobs At Risk -- Executive Gov
Analysis Projects One Million Jobs at Risk from Defense Cuts -- PR Newswire
Aerospace industry warns of jobs losses from defense cuts -- The Hill
Aerospace Lobbyists: Pentagon Cuts Would Devastate Industry -- Hartford Courant
Defense cuts would hurt some states more than others -- CNN
Waging war over Pentagon budget cuts -- The Hill
Take This (Defense) Job and...Love It -- Mark Thompson, Time