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Defense Cuts

Tuesday, February 19, 2013

McDonnell: Sequester Could Force Virginia Into Recession

Governor sends letter to president, congressional delegation.

Virginia Gov. Bob McDonnell on Monday sent a letter to President Barack Obama and the Old Dominion's congressional delegation calling for immediate action to prevent automatic spending cuts under sequestration. The $1.2 trillion in cuts — meant to force Congress to compromise, which hasn't happened — are slated to go into effect March 1. That deadline has been pushed back several times as lawmakers have brokered Band-Aid solutions. "The automatic sequestration reductions mandated by the Budget Control Act of 2011 are already having a significant adverse effect on the Commonwealth," McDonnell stated. "When fully implemented, they could force Virginia and other states into a recession. Sequestration-mandated reductions will be implemented …

In this Article:

Defense Contractors at Kaine Roundtable: 'We've Been Sequestered Already' (in Arlington Patch), Kaine: Sequestration to Affect Education Funding in Virginia, and Warner: Sequestration Would Be 'Worse Than You Can Imagine' (in Arlington Patch)

Thursday, September 20, 2012

Defense Cuts, Washington Gridlock Focal Points of Kaine-Allen Debate

The two U.S. Senate candidates talked about sequestration and the economy in McLean Thursday.

MCLEAN — The potential $500 billion in defense cuts looming in Washington took center stage Thursday at the Capital One Conference Center during the first of three debates between U.S. Senate candidates Tim Kaine and George Allen. The cuts — $1 trillion in total under the banner of "sequestration" — could cost the Old Dominion thousands of jobs, particularly in Northern Virginia and Hampton Roads. Once meant as a stopgap measure, the continuing partisan divide in Washington has transformed them into a real threat. Kaine, a Democrat and former governor, presented his plan to solve the problem, which largely revolves around ending Bush-era tax cuts to individuals making more than $500,000 annually and cutting subsidies to the five largest …

In this Article:

Northern Virginia's Top Contractors: Cuts Would Be 'Devastating'

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