Defense cuts would cost 1 million+ jobs, economist says

By SB Anderson



(WashPost) As the bipartisan debt “supercommittee” was meeting publicly for the fourth time Wednesday morning in the Hart Senate Office Building, the House Armed Services Committee was gathered across the Capitol campus in the Rayburn Building to examine the possible effects of the Pentagon cuts that would be enacted if the 12-member panel fails to complete its task.

The outlook: Not pretty, at least to hear one of the panel’s witnesses tell it.

George Mason University professor Stephen Fuller told the Armed Services Committee members that if the supercommittee pulls the “trigger” on hundreds of billions of dollars in cuts to Pentagon spending, the result will be the loss of more than 1 million jobs.

Download Fuller’s Report (PDF)