Detailed text transcripts for TV channel - MSNBC - 20120911:19:11:00
Defense sector, there's only 3.4 million jobs. if you have a 10% cut, are you going to lose 33% of all jobs? second, mind you that when you do have procurement cut in research and development that most defense firms are out and about doing, you don't get all that money in the first year. only 20% of it is spent the first year. the rest is spent over two, three, and four years so the defense industries have time for normal attrition and retirement to be cushioned from the blow. the bottom line of everything is think about our future warriors. can they find that submarine and find the future bin...
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