The unemployed in this country are about to have their ranks swelled considerably.
Previously planned budget cuts for the Defense Department, coupled with the additional automatic cuts in defense triggered by the failure of the Super Committee, will result in approximately 1,500,000 job losses. These include members of the military, civilian employees of the Defense Department, and defense industry employees, folks whose positions will be eliminated.
The estimates come from Rep. Buck McKeon (R-CA), Chairman of the House Armed Services Committee.
Defense Department spending cuts currently mandated by law total about 1,100,000,000,000 dollars over the next decade. A little over half of that was a result of the rigged to fail Super Committee.
Hell of a way to thank folks for risking their lives for their country.