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Home Publications Blogs Beat the Press In Spite of Washington Post's Warnings, Military Cuts Don't Appear to be Devastating DC Area Economy

In Spite of Washington Post's Warnings, Military Cuts Don't Appear to be Devastating DC Area Economy

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Sunday, 02 June 2013 07:30

Last year the Washington Post was anxious to highlight claims from the military industry that the military side of the sequester would have severe economic consequences especially in the DC area (e.g. here and here). Thus far it doesn't seem to have worked out that way. Industry groups tend to exaggerate the general impact of policies that will hurt them directly. Unfortunately the Post apparently is not aware of this fact, at least when it comes to defense related industries.

 

Addendum:

The Post did run its own piece making this point last week.

Comments (4)Add Comment
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written by Tom, June 02, 2013 7:53
I think it is premature to know if the defense sequester is going to hurt the DC area or not. Hagel has just announced the furloughs, so they are just now taking place. Some contracts are paid in advance and when the next payment is due, will it be made, made with less money due to the sequester? I dunno, but time will tell. I live in the DC area and I know some guys who have had their hours cut back and have lived through some layoffs in the last few months due to this idiotic austerity that's going on.

I am not going to subscribe and pay to read a WSJ article. I will say I think the WSJ has gone downhill since it has joined the News Corp empire, so anything they say I might take with a grain of salt.
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written by foosion, June 02, 2013 8:03
There's certainly no evidence the defense portion of the sequester hurts more than the rest, yet the WaPo focuses on it's favored industries.
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written by skeptonomist, June 02, 2013 9:51
The DC area should in principle be hard hit by the sequester because all types of federal bureaucracy are centered there, not so much the military. The military-industrial complex has gone to great pains to disperse itself all over the country in order to maximize political support.
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written by dc, June 02, 2013 10:42
The addendum link is bad.

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About Beat the Press

Dean Baker is co-director of the Center for Economic and Policy Research in Washington, D.C. He is the author of several books, his latest being The End of Loser Liberalism: Making Markets Progressive. Read more about Dean.

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