The defense industry and Republican lawmakers have for months complained that sequestration — across-the-board budget cuts scheduled to begin on Jan. 2, 2013, and expected to hit the Defense Department especially hard — would devastate private contracting companies, forcing mass layoffs when the economy could least afford them.
A new report from a good government group, however, shows the industry has seen significant job losses during the past several years, even as the federal government shoveled more and more money to Defense contractors. The findings may suggest government spending and the contractor workforce are not as tightly correlated as sequestration critics fear.
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