Some Americans are about to receive big news from major defense, aerospace and IT firms — not about landing new contracts but from layoffs and closings that are lurking around the corner.
At a time when our defense strategy is shifting to the vast Asia-Pacific theater, as recommended by the president’s January 2012 Strategic Guidance, and the U.S. economy is still having trouble creating and holding jobs, the consequences of sequestration, triggered by the failure of the super committee last fall, are already materializing in job losses.
The threat of inaction and impending consequences grows greater as each day passes with no viable solution found by Congress.
With the Defense Department already trimming $487 billion from its projected spending over the next decade in the fiscal 2013 budget request, an additional $400 billion to $500 billion triggered by sequestration over the same period would have long-term repercussions. Everyone needs to understand the consequences of inaction.
Since World War II, naval supremacy in the Pacific has been a key national security objective. The new Asia-Pacific defense strategy, with 60 percent of our ships in the Pacific, including six aircraft carriers, and 40 percent of our ships in the Atlantic, requires a strong and modern Navy to ensure security and stability in the Pacific Ocean.
A key component of this strategy requires the Navy to have forward projection capabilities that utilize current and future naval platforms. The Navy identified that a 300-ship fleet is needed to fulfill the new strategy and ensure American security. Chief of Naval Operations Adm. Jonathan W. Greenert said that if sequestration kicks in, we would be on course to have our 285-ship fleet of today reduced to a 223-ship fleet, well below the amount needed to ensure our national security.
The effect of such severe cuts would be felt not only in the maritime security of the United States, but by those around the world who depend on the security and stability our Navy provides. It is well-known by Members of Congress, Defense Secretary Leon Panetta and other top military officials how disastrous sequestration would be for national security, how it would limit our ability to traverse the oceans and how it would affect training and operational responses. However, their words do not seem to have hastened a solution or resonated with the media or general public a warning of impending disaster.
How are we to expect our Navy to fulfill our new strategy in the Pacific Ocean if we do not give them the ships they need to fulfill this mission?
This leads to the next question: What should be done with all the remaining service members after we cut their budget and send some home?
Reducing the benefits and compensation that our service members and veterans have earned is not the morally correct solution. Nor is recklessly reducing the number of military personnel as we try to push across the finish line in Afghanistan.
While we dock our ships and send our sailors and other service members home jobless, those providing much-needed modernization, manufacturing and research for our military will also be given orders to find new work.
With an already dull jobs market, putting our most inventive cutting-edge, and, arguably, critical manufacturers and laboratories in the defense industry out of work is a bad idea.
Each year since 1990, CQ Roll Call has reviewed the financial disclosures of all 541 senators, representatives and delegates to determine the 50 richest members of Congress. This year's report, derived from forms covering the calendar year 2012, shows it took a net worth of $6.67 million to crack the exclusive club.