Defense Contractors, Defense Communities: Get Ready To Tighten Your Belts

Reduced defense spending is coming to a community near you, whether you like it or fear it. Defense spending reductions projected for 2015 frighten my fellow Forbes.com contributor Loren Thompson, who writes “Weapons Cuts In 2015 Budget Leave Soldiers, Marines At Risk.” I, however, am writing as an economic forecaster, not a defense expert.

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