As Jan. 2 approaches, no one seems to think Congress will go through with the $1.2 trillion in automatic spending cuts triggered by the Budget Control Act of 2011.
That includes about $500 billion in defense cuts, which the pentagon argues would be irresponsible.
But if it does happen, Connecticut would lose 36,230 jobs over the next two years, according to a recent report prepared for the Aerospace Industries Association. That places Connecticut No. 8 on the list of states affected by the proposed defense cuts.
That number seems high, considering it’s more than the entire Connecticut workforces of Pratt & Whitney, Sikorsky, Electric Boat and UTC Aerospace Systems combined. And of course, AIA — whose chairman this year is Pratt President David Hess — has a huge stake in stopping the cuts.
But the numbers include direct job losses as well as the spillover effects across the economy, and they get the point across that the automatic cuts — known as sequestration — are a doomsday scenario.
On Wednesday, Hess led a rally of about 200 employees at a Pratt facility in Jupiter, Fla., a state that would lose 41,905 jobs from the defense cuts, according to the report.
The slightly brighter news is that the non-defense cuts would largely spare Connecticut, leading to “only” 5,712 job losses.
Nationwide, the defense cuts would lead to 1.1 million job losses and the non-defense cuts, 1.05 million, according the report by Stephen S. Fuller, professor and director of the Center of Regional Analysis at
George Mason University in Virginia.
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