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MILITARY: Defense cuts unlikely to hurt local economy


Friday, January 6, 2012

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In San Diego County, 1 in every 5 dollars earned can be traced back to defense spending, said Kelly Cunningham, an economist with the National University's Institute for Policy Research.
"Defense is still a big part of it (the local economy), but it's not as dominating as it was back in the 1990s. That's good for stability," Cunningham said. "The contrast is, we're already in recession. We've been in recession; we've been struggling to come out of it."