Major defense contractors have been going around saying the sequestration cuts to Pentagon spending will cause widespread job losses, but history tells a different story.
Over a five year period, the five largest defense contractors received 10 percent more in federal contracts, but at the same time they fired three percent of their workforce. Now they are arguing a 10 percent reduction in Pentagon spending will be devastating to jobs, even though the Pentagon already has a bloated budget worthy of reductions.
POGO is fighting against the myth of Pentagon spending as a job creator, but we need your support to do so. Consider donating to POGO today to show your support for sensible defense policy. Then share our new infographic with your friends to spread the word.