Industry says defense cuts mean lost jobs

Jul 18, 2012 Full story: WYFF-TV Greenville 6

More than 2 million jobs could be lost if Congress does not agree on a budget plan by the end of the year, according to a defense industry group's report on a budget bill that would cut total federal spending by more than $1 trillion over the next decade.

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June 39th 2012

Fishers, IN

#1 Jul 18, 2012
chop chop again!;)

Since: Nov 08

Location hidden

#2 Jul 18, 2012
Can't wait till our stupid shortsighted president starts laying off gubmint defense workers. It's going to be hilarious. It will be even funnier when he has to cut their pensions. LOL

“Yeah, but...”

Since: Sep 11

MILKY WAY

#4 Jul 18, 2012
If Industry says they will lose 2M jobs unless Congress provides funds, then I say Industry is in the wrong business!

The DoD is not in the business of providing jobs. The proper business of DoD is protecting America.

Roosevelt

Leonard, MN

#5 Jul 18, 2012
The Military hasn't been Defensive for a long time 'cause it's all Offensive.
Sheik Yerbouti

New Hope, PA

#6 Jul 18, 2012
Defense cuts mean a lower national debt! Historically nations that spend excessive amounts on ways to kill people have come to a bad end. Germany is a prime example but unlike the US they have learned their lesson!
Les Claypool

Grapevine, TX

#7 Jul 18, 2012
I don't think many people outside of the industry realize just how much of these products are sold to other nations. Contractors bid on gov projects, we fund the development to some extent, then the US gov sells the crap out of it. Fighters last 30 years. That's a lot of replacement parts and upgrades weather or not they are ever used in battle. It gives our grads jobs to pay off those student loans, buy cars and houses and put their kids through school. The F-16s and C-130s are cash cows.

It's the product we give away that drains us dry.

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