
A protestor holds a sign during a demonstration against unemployment benefit cuts on July 11, 2012 in Oakland, California.
Comment: Anyone with a neuron firing knows that US Defense spending will never be cut. How else would it fund its never-ending wars? 2 million Americans may very well lose their jobs but it won't be from Defense cuts.
The Aerospace Industries Association released the findings of a report on Tuesday that suggest that the automatic cuts in federal spending slated to kick in on January 2 have the potential of being far more damaging than imagined.
The author of the report, Dr. Stephen Fuller of George Mason University and Chmura Economics and Analytics, suggests that while the Obama administration-endorsed sequestration goes about as scheduled, more than 2 million Americans will see their jobs eradicated in just 2013.
"If they are allowed to occur as currently scheduled, the long-term consequences will permanently alter the course of the U.S. economy's performance, changing its competitive position in the global economy," the report warns.














Comment: For more information about this case please read:
Sott Focus: Hysterization Via Racism in the Trayvon Martin Case