What is the Impact of the Defense Sequester on the Economy?
The first punch to the economy from the defense sequester has landed and the second is in motion. If it’s not blocked, these reductions will contribute to 640,000 fewer jobs in the economy and gross domestic product (GDP) will be over 0.6 percent lower by the end of 2015.
Adopting the bipartisan agreement by House Budget Committee Chairman Paul Ryan (R-WI) and Senate Budget Committee Chairman Patty Murray (D-WA) would delay (but not eliminate) some of these macroeconomic impacts.
Read the document in your web browser below:
Share
Read Next
Downloads and Resources
Support Research Like This
With your support, BPC can continue to fund important research like this by combining the best ideas from both parties to promote health, security, and opportunity for all Americans.
Give NowRelated Articles
Join Our Mailing List
BPC drives principled and politically viable policy solutions through the power of rigorous analysis, painstaking negotiation, and aggressive advocacy.