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California

Defense Breakdown Economic Impact Report
By Place of Performance Data -- Sorted by Product or Service

(FY 2012 Defense Contracts Baseline Data)

Estimated 9% to 18% Annual Budget Reductions Starting in FY 2013

Go to www.forthecommondefense.org/reports to view detailed reports on California counties, cities, Congressional Districts, industries, small businesses and information on sources and methodology.


         BACKGROUND ON THE DEFENSE BUDGET CUTS: 2013-2021

  • Our military is carrying an unfair burden of deficit cuts. To date, our Defense budget has been hit with 50% of deficit reduction -- yet it accounts for less than 20% of total federal spending. As a result of these cuts, in 2012 President Obama limited U.S. military capability to fighting one "regional conflict" and one "holding action."
     
  • Sequestration Defense budget cuts of $500 billion, combined with previous Defense cuts of another $487 billion, will cut defense spending in local communities by 9% to 18% between 2013 and 2021.
     
  • These reports show how estimates of defense budget reductions from 9% to 18% could affect California with cuts in defense jobs and businesses. Ask your elected officials for ongoing updates on how these defense cuts will affect your community.
     
  • Alternative solutions have been proposed to maintain a strong defense, reduce our deficit and avoid tax increases. Elected officials have proposed that the President and Congress reduce mandatory entitlement spending and make cuts in the non-security programs in the Federal budget. Over 60% of federal spending goes to entitlements like Social Security, Medicare, Medicaid and now Obamacare.
 

StateCityContract YearProduct or Service$ AmountReduction
   by 9.0%
Reduction
   by 18.0%
CaliforniaParamount2012Airframe Structural Components$633,142-$56,983-$113,966
CaliforniaParamount2012Bags and Sacks$8,951-$806-$1,611
CaliforniaParamount2012Bolts$105,719-$9,515-$19,029
CaliforniaParamount2012Fittings and Specialties; Hose, Pipe, Tube$46,283-$4,165-$8,331
CaliforniaParamount2012Fuel Oils$20,272,736-$1,824,546-$3,649,093
CaliforniaParamount2012Gears, Pulleys, Sprockets and Trans Chain$7,780-$700-$1,400
CaliforniaParamount2012Hardware, Weapon System$4,708-$424-$847
CaliforniaParamount2012Hose and Tubing, Flexible$173,079-$15,577-$31,154
CaliforniaParamount2012Liquid Propellants & Fuel, Petroleum Base$2,084,827-$187,634-$375,269
CaliforniaParamount2012Miscellaneous Hardware$34,855-$3,137-$6,274
CaliforniaParamount2012Miscellaneous Power Transmission Equip$131,178-$11,806-$23,612
CaliforniaParamount2012Miscellaneous Special Industry Machinery$43,316-$3,898-$7,797
CaliforniaParamount2012Office Supplies$10,081-$907-$1,815
CaliforniaParamount2012Petroleum Production & Distribution Equip$44,625-$4,016-$8,033
TOTAL   $23,601,280-$2,124,114-$4,248,231

Data sources and more data available at www.governmentcontractswon.com, compiled from public data at www.fpds.gov

Created by the Center for Security Policy Defense Breakdown Economic Impact Report Generator (v.2.8.0-PoP) November 6, 2013 18:23:38 www.forthecommondefense.org