Report: Sequestration Could Cost Midlands $75 Million-Plus
Rep. Joe Wilson's district could lose more significant business in defense contracts alone, according to report by right-wing organization.
The Midlands could lose dozens of millions of dollars in military contracts if the 10-year, $500 billion cuts to the nation's defense budget under sequestration occur later this year, according to a right-wing think tank specializing in national defense.
Sequestration is an automatic, near trillion dollar spending cut triggered in 2013 unless Congress passes a debt reduction measure by Dec. 31.
Rep. Joe Wilson's Congressional District, South Carolina's 2nd, has more than 200 military contracts and could lose approximately $76 million in defense contracts, according to the reports.
The Congressional District Reports provide a 2011 baseline to see how congressional districts may be affected by the planned across-the-board sequestration cuts in the 2013 defense budget.
The Washington, D.C.,-based The Center for Security Policy posted new Congressional District Reports to aid in estimation of the potential local economic impacts of sequestration. The reports are free and available online to the public at http://forthecommondefense.org/districts.
To view detailed reports with 2011 data showing the 18 percent sequestration cuts for all U.S. states and territories, counties and cities go to http://forthecommondefense.org/reports.
The data release is not without ties to politics. The Center for Security Policy cites Aerospace Industries Association in its press release, quoting:
“Four out of five likely voters in critical battleground states want our leaders in Washington, DC to find an alternative to 'sequestration' budget cuts before the November elections take place, according to a Harris Interactive online poll.”
According to the think tank, Congressional District Reports are a tool to help local officials and businesses prepare for the possible impact of job losses and harm to local communities from the sequestration budget cuts. These sequestration defense budget cuts will be an estimated total of 18% or more when combined with earlier budget cuts.
Mimi
11:30 pm on Wednesday, September 12, 2012
Well isn't that a shame that the Republicans adolescent games are coming back to bite them. You would think that instead of playing political games with people's lives they would of done what they were elected to do instead of jump on the destroy Obama at all cost band wagon. Lindsay Graham and Jim DimWitt should be proud of the mess they have created. They will lose the Presidential election and lose some of the seats in the house as a results of the tyranny they have chosen to embrace over the last 4 years. Protecting the rich at everybody else's expense has consequences. When you have Nimrata on non stop vacation while her state suffers without a care in the world. If this is what you call leadership I think it is time for the voters of South Carolina to send a crystal clear message starting with Lindsay Graham, Nimrata Haley, Jim DimWitt send them their pick slips. I don't care if you vote for a Democrat or a Republican but you should be electing people that sign the pledge of the people of this state not the pledge of Grover Norquist and Karl Rove. Pathetic tradegy that people are used as pawns to feed their egos.
Mimi
11:38 pm on Wednesday, September 12, 2012
I forgot to thank Joey boy Wilson who voted for this sequestration all in the name of politics he care not what was good for South Carolina he was more than willing to sign on to obstruction instead of standing for South Carolina and the country. This sequestration occured because of the very right wing think tank who refuse to allow more revenue by closing loop holes of eliminating subsidies for big oil, nascar for example. If you think by printing this story some how that help Joe Wilson who has FAILED to do the job South Carolina elected him to do. Pander more to your radical new friends Joe maybe the next thing you will sacrific for them is our first born. People in South Carolina better wake up this state is going down fast.
George Grace
2:12 am on Friday, September 14, 2012
You say it well, Mimi. Joe Wilson has to be defeated. He's a do-nothing congressman who likes the perks and panders to one voting segment; well-to-do white people.
(written by a well-to-do white person)