For John, BLUF: Sequestration will have an impact on people here in the Commonwealth, perhaps our friends, relatives and neighbors.
I don't think that Sequestration will happen. I am expecting the adults in Congress to cut a deal that makes some progress toward taming the deficit and debt, but which doesn't throw hundreds of thousands out of work.
A friend of someone I know works the Army budget. This Budgeteer's take on Sequestration is that it will happen, and here is the reason:
Republicans like it because it cuts spending. Democrats like it because it cuts defense.Well, that is fairly cynical, but also insightful. An internal Army "G-8" briefing circulating on the Internet shows the impact on Massachusetts in terms of Army only cuts. The Army sees us experiencing about $140 million in economic loss, which includes 47 furloughs and 574 expected layoffs. It is to be noted that this doesn't address the impact on Raytheon (and others) from Navy and Air Force cuts that will be coming along.
So … both sides get something they want.
Overall impact from the Army share of this—nation wide—is expected to be about $15.35 billion, with some 302,626 jobs impacted one way or another. The biggest hits are Texas, Alabama, Virginia and Pennsylvania, each over a billion dollars.
Here is another view of the issue, although the author's projection of 1 million people being impacted looks at more than the US Army. At the link is another link, going to a briefing that looks at the out years and the debt projection. That briefing sees health care as being a major driver in the debt issue.
Regards — Cliff