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Vermont

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 Vermont 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 Vermont 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%
VermontBennington2012Airframe Structural Components$16,303-$1,467-$2,935
VermontBennington2012Bearings, Plain, Unmounted$7,724-$695-$1,390
VermontBennington2012Bolts$42,661-$3,839-$7,679
VermontBennington2012Coil, Flat, And Wire Springs$10,499-$945-$1,890
VermontBennington2012Electric Vehicular Lights and Fixtures$15,318-$1,379-$2,757
VermontBennington2012Fastening Devices$19,595-$1,764-$3,527
VermontBennington2012Fittings and Specialties; Hose, Pipe, Tube$3,173-$286-$571
VermontBennington2012Fittings for Rope, Cable, And Chain$3,644-$328-$656
VermontBennington2012Misc Electric Power & Distribution Eq$7,589-$683-$1,366
VermontBennington2012Miscellaneous Hardware$833,649-$75,028-$150,057
VermontBennington2012Miscellaneous Power Transmission Equip$36,825-$3,314-$6,629
VermontBennington2012Miscellaneous Vehicular Components$611,953-$55,076-$110,152
VermontBennington2012Nails, Keys, And Pins$67,890-$6,110-$12,220
VermontBennington2012Nuts and Washers$120,342-$10,831-$21,662
VermontBennington2012Packing and Gasket Materials$42,029-$3,783-$7,565
VermontBennington2012Plate, Sheet, Strip, & Foil: Nonferrous Base Metal$58,296-$5,247-$10,493
VermontBennington2012Pressure, Temp, & Humidity Meas & Contrling Instru$3,082-$277-$555
VermontBennington2012Rings, Shims, And Spacers$55,357-$4,982-$9,964
VermontBennington2012Screws$43,588-$3,923-$7,846
VermontBennington2012Switches$9,355-$842-$1,684
VermontBennington2012Vehicular Cab, Body, Frame Structural Comp$966,378-$86,974-$173,948
VermontBennington2012Vehicular Furniture and Accessories$447,869-$40,308-$80,616
VermontBennington2012Weapons Systems Specific Vehicular Accessories$20,440-$1,840-$3,679
TOTAL   $3,443,559-$309,921-$619,841

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 19:31:42 www.forthecommondefense.org