Why Pentagon program cuts won't necessarily bring job cuts.
Updated Thursday, March 19, 2009, at 6:19 PM ET
Word is that Secretary of Defense Robert Gates plans to slash or kill several big-ticket weapons programs when he rolls out the full details of the Pentagon budget next month. The contractors for some of the projects on the chopping block are fighting back pre-emptively with the most potent slogan in politics today: Jobs!
Many lawmakers and commentators who are otherwise critical of excess military spending wonder whether it's a good idea to swing the ax at a time when the government is spending more than a trillion dollars to stimulate the economy.
Lockheed-Martin is milking this sentiment, most blatantly with a full-page ad in the Washington Post warning that halting production of its F-22 Raptor fighter jet—believed to be a top candidate for cancellation—would mean the loss of 95,000 jobs. The advertisement's photo features not the sleek supermodern plane itself, as similar ads have in the past, but rather a blue-collar worker in a Chicago foundry, one of more than 1,000 factories in 46 states that share a piece of the Raptor's action.
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