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Santa Cruz County Will Lose $8.7 Million in Defense Spending

Sequestration seems inevitable and Santa Cruz County will feel some of the effect.

Sequestration, the automatic cuts to discretionary spending, are scheduled to go into affect on March 1 unless Congress and the President can agree to $1.2 trillion in deficit reductions spread over 9 years.

Discretionary spending makes up about one third of the annual federal budget.  Non-defense discretionary spending includes, among other things, transportation, energy and environment, education and the government.

The automatic cuts are part of the Budget Control Act of 2011 and were meant to be so drastic and uncompromising that Congress and the President would never let them happen but after extending the deadline twice and with Congress in recess it appears the cuts will take affect on March 1.

The automatic cuts are to be split evenly between defense and non-defense spending. 

According to the group forthecommondefense.org Santa Cruz County would lose  $8.7 million in defense related spending over nine years if sequestration is implemented.  California will lose nearly $4 billion over the same period.  A quarter of all the losses will be seen in San Diego County where there is a large military presence.

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Just a short thought to get the word out quickly about anything in your neighborhood.
Share something with your neighbors. Write a new post... What's up? Make an announcement, speak your mind, or sell something
Jennifer Squires (Editor) May 20, 2013 at 08:53 am
Thanks! Here's a story we posted about the restaurant earlier this spring:Read More http://watsonville.patch.com/groups/business-news/p/watsonville-restaurants-get-more-diverse-with-new-chif27603f3cd
Jennifer Squires (Editor) May 15, 2013 at 02:40 pm
So good to hear! Love the restaurant, and their story.Read More http://watsonville.patch.com/groups/business-news/p/dispatches-the-gravy-boat-is-half-full
Jim May 18, 2013 at 08:57 am
Vote no on T, Clean up the down town area,
Cathy P. May 15, 2013 at 01:17 pm
Me too, just came back from submitting my ballot. No on T!
Butch Cole May 15, 2013 at 01:05 pm
I've already voted NO!