Friday, October 28, 2011

What May Be The Economic Impact From US Defense Budget Cuts




Defense Industry: Keep Paying Us Or The Economy Dies -- Danger Room

Defense giant Lockheed Martin had a totally sweet quarter, raking in $700 million and looking forward to the same this time next year. So it raises eyebrows when Lockheed's anointed mouthpieces predict mass economic disaster if Congress touches the defense budget.

On Tuesday, the aerospace industry put out a report saying that chopping the defense budget would put over a million Americans out of work. Cuts that could total up to a trillion dollars over 10 years would "devastate the economy and the defense industrial base and undermine the national security of our country," said Marion Blakeley, president of the Aerospace Industries Association, which sponsored the report.

Read more
....

More News On The Economic Impact From US Defense Budget Cuts

Defense cuts would cost U.S. more than 1 million jobs, [...]



Submit your suggestion / comments / complaints / Takedown request on lookyp.com@gmail.com

No comments:

Post a Comment

Popular Posts