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Business/Financial

AIA, Study Warn of Economy-Wide Harm From Worst DoD Cuts

Julie Samuel

Wednesday, October 26th, 2011

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Armed with data from a new study, a defense-industry group is warning U.S. economic growth would significantly decrease if Congress allows the largest possible cuts to the Pentagon’s budget to be made in the coming months. The Aerospace Industries Association (AIA) unveiled yesterday a study that warns of more than 1 million lost jobs and a 25 percent cut to the projected gross domestic production (GDP) growth under the worst-case scenario for defense cuts. The research was conducted by the…

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