Military news a mixed bag for state’s economy
Military installations and defense contractors are taking the brunt of the automatic budgets cuts mandated by sequestration. Why should we care? Washington has major bases and military suppliers such as Boeing. They contribute more than $13 billion to our economy, about 4 percent of total GDP. A July 2012 study by George Mason University projected that sequestration could cost our state 41,000 military-related jobs. The U.S. withdrawal from Iraq and Afghanistan will also have an impact.