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D.C. Budget Cuts Could Devastate San Diego Economy


Thursday, August 23, 2012

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Erik Bruvold, president of the National University System Institute for Policy Research, which conducted the study on the federal budget's impact on San Diego, told KPBS’ Midday Edition that San Diego will experience an even greater downturn than the rest of the nation.
He said San Diego has a large military presence and military contractors would be targeted by those budget cuts, plus the expiration of the Bush Tax Cuts would hit certain San Diego families more than just the average taxpayer because their incomes are higher.