No USDA Furloughs
Is It Too Hard to Fire Misbehaving Feds?
Americans Still Like the Postal Service
A Forced 4-Day Weekend for Many Feds
No More Tax-Cheating Feds, Senators Say
Video: The Daily Show on Apple's Taxes
Pentagon explains Panetta’s warning that sequestration would cost 1.5 million jobs
- By Kevin Baron
- November 2, 2011
- Comments
Pentagon spokesman George Little said in an email that the Defense Department worked with the University of Maryland to examine possible effects of various spending reductions. Officials plugged some numbers into an established forecasting model -- the Long-Term Interindustry Forecasting Tool -- and the data were applied to a simulation of the U.S. economy hit with across-the-board spending cuts.
One big caveat, however: The model doesn't factor in the tens of billions of dollars in war spending, known as overseas contingency operations, that the Pentagon counts outside of the regular defense budget.
Sponsored
3 Ways Data is Improving DoD Performance
Need to Know Memo: Big Data
Cutting costs: Inside the effort to improve the efficiency of federal operations
Addressing the 3 Biggest BYOD Security Threats
By using this service you agree not to post material that is obscene, harassing, defamatory, or otherwise objectionable. Although GovExec.com does not monitor comments posted to this site (and has no obligation to), it reserves the right to delete, edit, or move any material that it deems to be in violation of this rule.
