The Pentagon (Wikipedia)
Shrinking Defense Budget Worries Small Businesses -- McClatchy News
WASHINGTON — The obstacles small businesses face trying to win their first Defense Department contracts will likely grow, and some existing small defense firms could be driven out of business in the coming years, amid billions in planned defense cuts and the drawdown from two wars.
The cuts could stall progress in states such as North Carolina, home to the Army's Fort Bragg and the Marines' Camp Lejeune, where leaders have made it a priority to create jobs by helping entrepreneurs take advantage of the state's large military footprint.
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My Comment: The statistic that caught my eye was the following ....
.... More than 1 million jobs across the country are at risk if approximately $1 trillion is cut from the defense budget over 10 years, according to an Aerospace Industries Association study released in November.
California could lose more than 125,000 jobs; Texas, 91,600; Florida, 39,200; Pennsylvania, 36,200; and Missouri, 31,200, according to the study.
1 million jobs lost if $1 trillion is cut .... that translates into $1 million per job. Hmmmm .... I guess that explains why our defense budgets are so bloated to begin with.
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