Defense Industry: 1M Jobs at Stake

By /
The congressional super committee is mere weeks away from its Thanksgiving deadline to present a plan to cut at least $1.2 trillion in federal spending over a 10-year period. 

If the committee fails, automatic cuts will be triggered, with about $500 billion cut from Department of Defense spending and the rest from across-the-board discretionary funding. That would be on top of about $450 billion in cuts that the Pentagon already faces. 

Now, major defense and aerospace contractors are warning that the automatic cuts would translate to 1 million U.S. jobs lost, according to Bloomberg news. Defense Secretary Leon Panetta had already characterized the automatic cuts as a “doomsday mechanism.”

Read the full story, then revisit Civil Beat’s earlier coverage about what automatic cuts would mean for Hawaii. 

What it means to support Civil Beat.

Supporting Civil Beat means you’re investing in a newsroom that can devote months to investigate corruption. It means we can cover vulnerable, overlooked communities because those stories matter. And, it means we serve you. And only you.

Donate today and help sustain the kind of journalism Hawaiʻi cannot afford to lose.

Donate

About the Author