A report released by the Pentagon this week warns of the consequences of continuing to fund the military at sequestration levels. The across-the-board spending caps have been relieved by a budget deal in Congress, but the Pentagon is saying that by 2021, the Department of Defense will have spent $1 trillion less than it had planned, making cuts in almost all areas including acquisition, research and personnel.
Thursday is the second day of meetings at Wright-Patterson Air Force Base for small businesses in the defense industry. The event is part of an effort on the part of the Air Force to work more with small contractors; base officials say it helps them stay efficient as the government cuts defense budgets.
Those cuts have been bad news for local industry, which provides the Air Force with everything from computer systems to research to airplane parts—but not all contractors are feeling the same pain.
Wright-Patterson Air Force Base is holding meetings all day Thursday to talk about cost-cutting measures. In January, base officials announced they want to attract partnerships with area businesses and governments as a way to save money.
Dayton-area leaders are breathing sighs of relief as the proposed budget deal in Congress appears to be ending the across-the-board cuts known as sequestration.
“This deal would prevent the sequester for a 2-year period, and it also would give certainty to the Department of Defense,” said Rep. Mike Turner of Ohio’s 10th district. He’s relieved by the outcome after a year of belt-tightening for lots of government bodies, including the Pentagon. With the proposed deal the Pentagon avoids $20 billion in would-be sequestration cuts.
Dayton-area officials held a public meeting Tuesday about the effects of sequestration, or automatic federal spending cuts, on the local economy. They say the outlook is gloomy if sequestration continues into 2014.
“Survival mode” and “devastation” were just a couple of the phrases tossed out at the event.
“As this goes downhill, the next thing’s gonna go downhill, and we’re gonna be in a world of hurt,” said Greene County Commission Tom Koogler.