Will Hagel Announce A New Stance On Sequestration After Meeting With Sen. Tim Kaine Today?

Sen. Tim Kaine (D-VA) To Meet With Secretary Of Defense Nominee Chuck Hagel Today

Sen. Tim Kaine’s Communications Director Amy Dudley: “Senator @timkaine will meet with Secretary of Defense Nominee Chuck Hagel later today.” (Amy Dudley, Twitter Feed, 1/15/13)

HAGEL SUPPORTS THE “CATASTROPHIC” DEFENSE CUTS THAT WILL DEVASTATE VIRGINIA’S ECONOMY AND MILITARY BASES

Asked About The “Dire Consequences” To National Security Should Sequestration Go Into Effect, Hagel Said The Defense Budget Was “Bloated” And “The Pentagon Needs To Be Pared Down.” QUESTION: “On this Joint Committee that’s being created, Leon Panetta, our Defense Secretary, has warned of really dire consequences to U.S. national security if this so-called trigger gets pulled, in which case we would see $600 billion in automatic cuts to the Defense Department. Do you agree with his assessment that that would be very harmful to national security.” CHUCK HAGEL: “Defense Department, I think, in many ways, has been bloated. So I think the Pentagon needs to be pared down. I don’t think that our military has really looked at themselves strategically, critically, in a long, long time.” (Chuck Hagel, Interview With The Financial Times, 9/1/11)

Virginia Beach And Hampton Roads Face Massive Cuts From Sequestration

With Its “Heavy Concentration Of Naval Shipyards, Military Facilities And Families Of US Soldiers And Sailors,” Hampton Roads Stands To Be Hit Especially Hard Under Sequestration. “Hampton Roads, as the region is known, has a heavy concentration of naval shipyards, military facilities and families of US soldiers and sailors. Its residents will want to know how the Obama administration plans to prevent automatic spending cuts to the defense budget worth $500bn over 10 years starting in 2013 - another element of the country’s looming fiscal contraction, or ‘fiscal cliff’.” (James Politi, “Virginians Fear 'Fiscal Cliff’ Defense Cuts,” Financial Times , 7/12/12)

Rep. Bobby Scott (D-VA) Described Sequestration As “Catastrophic.” “U.S. Rep. Robert 'Bobby’ Scott, D-Newport News, did not attend Monday’s forum, but he told the Daily Press in an interview Monday afternoon that most agree sequestration would be 'catastrophic’ and undesirable.” (Joe Lawlor, “Military: Potential Cutbacks Face Opposition, Daily Press, 5/15/12)

  • According To Scott, "Everybody Suffers” Under Sequestration Since About Half Of The Hampton Roads Economy Relies On Defense. “Bobby Scott, a veteran Democratic congressman from the area, says about 50 per cent of the local economy is dependent on the Pentagon. 'When you pull that plug, everybody suffers,’ Mr Scott says.” (James Politi, “Virginians Fear 'Fiscal Cliff’ Defense Cuts,” Financial Times , 7/12/12)

In Virginia, Obama’s Sequestration Will “Drive The Economy Into A Recession”

With Sequestration, “15% Of Virginia’s Jobs Will Disappear- Enough To Drive The Economy Into A Recession In 2013.” “With the loss of hundreds of millions of dollars in DOD spending at local shipyards and airfields, 15% of Virginia’s jobs will disappear- enough to drive the economy into a recession in 2013.” (Laurie Simmons, “$500 Billion In Cuts To Pentagon From 'Sequestration’ Comes Under Fire,” WTKR News Channel 3, 5/15/12)

According To A Study By George Mason University, The Defense Spending Cuts In Sequestration Would Result In Virginia Losing 136,191 Jobs. (Stephen S. Fuller, “The Economic Impact Of The Budget Control Act Of 2011 On DOD And Non-DOD Agencies,” Report, 7/17/12)

  • According To A Study By George Mason University, The Defense Spending Cuts In Sequestration Would Result In Virginia Losing 65,000 Small Business Jobs. (Stephen S. Fuller, Committee On Small Business, U.S. House Of Representatives, Testimony, 9/20/12, p. 8)

“Virginia Defense Contractor Revenue Losses Could Be Greater Than $9.87 Billion - Each Year.” “Virginia defense prime contractors earned over $54.85 billion in 2011 protecting America, but now they may face 18% revenue cuts under Sequestration - starting in 2013. Virginia defense contractor revenue losses could be greater than $9.87 billion - each year.” (Center For Security Policy, The United States Defense Breakdown Economic Impact Reports 2011 Data Edition , 6/6/12)

Sequestration Puts Virginia’s Businesses “At Risk”

Veteran Businesses: Under The Anticipated 18 Percent Budget Cuts In Sequestration, Virginia’s Veteran And Service-Disabled Veteran Businesses Will Lose A Combined $840,101,194 In Revenue. (Center For Security Policy, The United States Defense Breakdown Economic Impact Reports 2011 Data Edition , 6/6/12)

Women Owned Businesses: Under The Anticipated 18 Percent Budget Cuts In Sequestration, Virginia’s Women Owned Businesses Would Lose $342,968,894 In Revenue. (Center For Security Policy, The United States Defense Breakdown Economic Impact Reports 2011 Data Edition , 6/6/12)

Minority Owned Businesses: Under The Anticipated 18 Percent Budget Cuts In Sequestration, Virginia’s Minority Owned Businesses Will Lose $1,644,804,249 In Revenue. (Center For Security Policy, The United States Defense Breakdown Economic Impact Reports 2011 Data Edition , 6/6/12)

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