'Doomsday' defense cuts loom large for select 12

[redrumloa]

'Doomsday' defense cuts loom large for select 12

The six Republicans and six Democrats represent states where the biggest military contractors -- Lockheed Martin, General Dynamics Corp., Raytheon Co. and Boeing Co. -- build missiles, aircraft, jet fighters and tanks while employing tens of thousands of workers.
The potential for $500 billion more in defense cuts could force the Pentagon to cancel or scale back multibillion-dollar weapons programs. That could translate into significant layoffs in a fragile economy, generate millions less in tax revenues for local governments and upend lucrative company contracts with foreign nations.

 

[faethor]

Of course that doesn't generate millions less in tax revenues. Dammy and other Tea Partiers here have explained how government spending doesn't create wealth. If true then losing gov spending can't lose wealth. I love this Tea Bagger logic.