Skeptics Doubt Planned Defense Cuts Will Mean Massive Layoffs

Defense industry execs and hawkish lawmakers are playing political games, skeptics say.

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Defense industry executives and pro-military lawmakers are warning of massive layoffs if new spending cuts are triggered, but skeptics are starting to question the validity of those figures.

At issue are several studies, including one commissioned by a top defense and aerospace trade association, that estimate a new batch of planned Pentagon spending cut would cause 1 million jobs to be lost next year.

Ben Freeman, a senior analyst at the Project On Government Oversight, says industry officials are playing politics. "There is absolutely no reason these companies would need to have massive layoffs," he says. "This is nothing more than a political stunt."

Read more about massive layoff threats.