Cuts To Defense Will Damage The Economy And Weaken Military Preparedness, Insiders Say

Broken Contracts: Cuts To Defense Damage Economy, Weaken Military Preparedness, Insiders Say -- Washington Free Beacon

A series of major cuts in military spending is gutting the defense industry, imperiling the country’s economy and weakening military preparedness for many years to come, defense contractors and military experts say.

The nearly $1 trillion in mandated defense cuts have already led some major Department of Defense (DOD) contracts to stall, prompting unprecedented worry from an industry that generates $324 billion in revenue and accounts for 2.23 percent of U.S. gross domestic product.

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My Comment: I have been predicting that sequestration (i.e. more budget cuts) will be kicking in at the end of the year .... even though the Pentagon has confessed that they have not prepared for it. When that happens .... expect chaos to be the rule rather than the exception when it comes to how our defense procurement occurs.