Cost of Sequestration
Already facing tepid economic growth, an almost immediate loss of 225,000 jobs would be devastating to the state of California. Sequestration cuts would also represent a loss of $22 billion in state GDP. Cuts would be most especially felt in Los Angeles County, resulting in revenue losses of $2 billion for defense contracts alone.
The Bigger Picture
The impending sequestration cuts extend much further than the national defense budget. Social programs make up half of the planned $1.2 trillion sequestration, drastically reducing access to much-needed services in many of our underserved communities. We must find a compromise to avert the across-the-board sequestration cuts before its too late.
Job Saving Solutions
Formed by the Los Angeles County Economic Development Corporation in August 2012, the L.A. Jobs Defense Council brings together defense and business leaders with representatives from labor and public officials throughout Southern California. The Council's goal is to propose a model county resolution that will prepare our region for FY2013's looming cuts.
"I share your deep concerns that indiscriminate cuts would simply shift the burden of deficit reduction onto states and cities, and force further layoffs of thousands of teachers, firefighters and other first responders." - US Senator Dianne Feinstein
The Defense Council In The NewsAntelope Valley Board of Trade
In a recent letter penned to the Antelope Valley Board of Trade, U.S. Senator Dianne Feinstein voiced her concerns about the impact of across-the-board sequestration cuts to the LA County regional economy.Inland Valley Daily Bulletin
Los Angeles County Supervisors adopted a motion Sept. 18 warning of potential losses of aerospace and other jobs while asking Congress and the president to adopt "a sensible long-term budget compromise."Santa Clarita Valley Signal
The Santa Clarita City Council approved a recommendation from its Legislative Committee on Tuesday night to send letters to California two senators urging them to find a way to halt scheduled federal budget cuts.Pasadena Star News
We all agree that reining in federal spending is important. Across-the-board cuts may be the easy way but certainly not the right way to cut spending. Let’s hope Congress tries again before sequestration impacts us all.Los Angeles Daily News
Cutting another $500 billion from the Defense budget over the next decade on top of the $489 billion in Pentagon-related reductions over the next 10 years that are already called for in the 2013 proposed budget by the United States Senate would be an absolute disaster for the already struggling California.KHTS Hometown Station
The Los Angeles County Economic Development Corporation has formed a “strike team,” the “LA Jobs Defense Council,” to provide a united front regarding sequestration cuts. The LAEDC is joined in this by local civic leaders, including Congressman Buck McKeon and several L.A. County Supervisors.Santa Clarita Valley Business Journal
The northern region of the county is the center of the most innovative and skilled workforce employed by the defense contractors in design, testing and production of equipment used by the armed services, said Norm Hickling, senior deputy to L.A. County Supervisor Mike Antonovich.El Segundo Herald
While sequestration could mean another $500B in military cuts over the next 10 years, those are in addition to the $489B in defense reductions already included in the proposed 2013 US Senate Budget.
"The prospect of sequestration is already having a chilling effect on our state's economy. And we are looking at $54.7 billion in defense spending cuts during the first quarter of 2013. This scenario is a nightmare for our hundreds of small defense contractors, many mom and pop shops, who are being forced to face this uncertain future." - California Governor Gray Davis (retired)
Sequestration Cuts Will Hit Communities Hard
The Office of Congressman Buck McKeon put together this video to show the direct impact of looming sequestration cuts on Antelope Valley communities, industries, businesses, jobs, and workforce development opportunities.