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New Jersey

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 New Jersey 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 New Jersey 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%
New JerseyThorofare2012Air Purification Equipment$2,745-$247-$494
New JerseyThorofare2012Bearings, Antifriction, Unmounted$94,524-$8,507-$17,014
New JerseyThorofare2012Chemical Analysis Instruments$5,480-$493-$986
New JerseyThorofare2012Electrical & Elct Properties Meas & Tst Instrumnts$124,625-$11,216-$22,433
New JerseyThorofare2012Engineering Technical Services$5,888,549-$529,969-$1,059,939
New JerseyThorofare2012Miscellaneous Ship and Marine Equipment$1,735,880-$156,229-$312,458
New JerseyThorofare2012Miscellaneous Special Industry Machinery$78,000-$7,020-$14,040
New JerseyThorofare2012Quality Control SVCS/Ship & Marine Equipment$1,495,659-$134,609-$269,219
New JerseyThorofare2012RDTE/Other Defense-Eng/Manuf Develop$79,993-$7,199-$14,399
New JerseyThorofare2012Scales and Balances$13,561-$1,220-$2,441
TOTAL   $9,519,016-$856,709-$1,713,423

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 19:04:57 www.forthecommondefense.org