DoD explains ‘1.5M jobs at risk’ warning

DoD explains ‘1.5M jobs at risk’ warning

The Pentagon and defense advocates on the Hill didn’t just pick all these budget-cut warning statistics out of thin air, DoD’s top spokesman said Wednesday.

Press Secretary George Little issued a statement explaining that defense officials went up the road to College Park, Md., to get an official opinion.

Wrote Little:


Here’s the process by which we arrived at the figure of a possible 1% bump in the national employment rate (up to 1.5 million jobs lost) if sequestration occurs.  That figure includes both DoD and defense industrial base jobs.

Working with Interindustry Forecasting at the University of Maryland (INFORUM), DOD examined the effects of possible DoD budget reduction scenarios on U.S. employment for each year over a ten year period (2012–2021).  INFORUM used the Long-Term Interindustry Forecasting Tool (LIFT) model, a 97-sector input-output model embedded within a macroeconomic equilibrium representation of the U.S. economy, to examine the employment effects of budget reductions during this period.  The model included direct and indirect impacts as well as second order effects.  The analysis did not include the effects of Overseas Contingency Operations (OCO) funding since the OCO levels are not known across the sequester timeline.  For the purpose of this analysis, the sequestration process was assumed to result in proportional, across-the-board spending cuts applied to DoD accounts to meet budgetary goals.

See? Science!

DoD, Congress, the defense industry, the White House and almost everyone else in Washington hopes that we’ll never know whether these figures were accurate — ideally, the super committee will make a deal and avoid springing the sequestration mousetrap. And even if the trap does spring, there are plenty of people around town who think Congress can and should act to exempt DoD from sequestration anyway.

 

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Produce government run algae fuel plant, electric cars, hydro cars commercialize it, sell it domestically and internationally. And make laws, codes and standard on it on its public so it will be the public vehicular fuel . This will create millions of jobs, revenues for the growth of the economy. This will also make us independent to foreign oil and save us millions to billions of dollars we place to buy foreign oil.

Problem is they dont look at the bigger picture of how 1.5 mil can soon turn into 3 mil. that equates to 1.5 mil less in sales for steel toe boots, gloves, safety glasses for those workers. 1.5 mil people buying less gasoline per week. 1.5 mil people buying less coffe on thier way to work. 1.5 mil people less going or ordering out for lunch. 1.5 mil people less likely to spend money. 1.5 mil people less able to pay thier bills. 1.5 mil less people paying taxes. and another 1.5 mil people reciving aid meaning more cuts will have to be made. and that not even counting all the other people laid off because of the loss of 1.5mil customers and frequent consumers. They need to get thier heads outta their 6 in a hurry.

WACKY math going on here. A large majority of the DOD and DOD industry workforce is made up of people who are ready to retire. THe worst case scenario for civilian custs is 124,000 which will be done by attrition. Defense contractors do not have 1.5 million working for them. Do the research of the defnse contractors and pull their DUn & Bradstreet sheets. You will find also that many of the big defense contractors have commer ial and private sector work going on. Go to the DOD DSARC website and pull the labor repoting forms and add them up. THey do not add up to 1.5 million. Pull your heads out of the sand. Thuis is what is wrong with government deciosn making, using wrong stats, wrong data and making up lies.

If we lost the 1.5 million jobs that means the government will loss $5,850,000,000.00 in Federal Income Tax at a time when they need all the revenue and DOUBLE that amount for the Social Security and Medicare taxex they would lose from the emplpyeers and employees

DemocRATS in congress have no idea of how to manage money

Yeah, only the government can provide jobs. The free market is certainly not capable of doing that. Just imagine if the 190,000 people employed by the defense industry had jobs where they were not paid more to fail. Oh the horror… Thankfully we have our nanny state federal government to save us from such things.

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