Will You Believe What Your Told?

Automatic cuts in federal spending will cost the economy more than 2 million jobs. That's according to a study commissioned by the Aerospace Industries Association. It found job losses would occur in many industries, principally from defense contracting, border security and education. The study was conducted by Stephen Fuller of George Mason University and Chmura Economics and Analytics. AIA members stand to lose big if the sequestration budget cuts occur as scheduled on Jan. 3.