$1.1 to $1.7 billion in local federal defense and non-defense spending at risk in 2013; solutions to grow alternate San Diego economic sectors explored.

October 6, 2012 (San Diego)— A whopping $1.2 trillion in impending federal budget cuts  would have a grave impact on jobs, the economy and schools in the San Diego region.  The impacts of those cuts—and what can be done to survive any resulting damage—were subjects of a hearing by the Assembly Select Committee on San Diego Trade, Tourism and Job Creation chaired by Assemblymember Marty Block (AD-78). Block presided over the session, and said the impact of the federal sequestration without change amounts to “a perfect storm” that would produce devastating job losses.