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Federal Budget Cuts Would Mean Big Military Job Losses
November 27, 2011
If the federal government is forced to make a half trillion dollars worth of cuts to defense spending in 2013 as part of the automatic deficit reduction required by the folding of the so-called “Super Committee,” it could cost Florida nearly 40,000, jobs according to a university report.
The state would stand to lose the fourth most jobs because of military cuts, behind California, Virginia and Texas, according to a report by Stephen Fuller, the director of the Center for Regional Analysis at George Mason University in Virginia, who has studied federal spending extensively.
Florida is home to several large military installations in multiple services, including Eglin, Tyndall, MacDill and Patrick Air Force Bases, Hurlburt Field, the Pensacola Naval Air Station, Mayport, the naval base in Jacksonville, and the Southern Command headquarters in Miami, as well as several smaller installations.
Fuller estimates the loss of 39,200 military jobs in Florida would mean $2.3 billion in lost earnings and a decrease of $3.4 billion in gross state product
By The News Service of Florida
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2 Responses to “Federal Budget Cuts Would Mean Big Military Job Losses”
“…Fuller estimates the loss of 39,200 military jobs in Florida would mean $2.3 billion in lost earnings and a decrease of $3.4 billion in gross state product…”
That sentence should read “Fuller estimates the loss of 39,200 military jobs in Florida would mean $2.3 billion in federal savings…”
Now would be a good time for Navy Federal to make another effort to try and purchase part or ALL (since they appear to be rather land greedy) of the Navy’s flying field WEST of their “campus” so they can expand, instead of trying to steal the pristine land at the Langley Bell Center. And, maybe it would save some military jobs at the same time. After all, funding shouldn’t be a problem for them since they brag that they are the largest Credit Union in the United States.