Guam – Guam Senator Frank Aguon Jr. has written to the Congressional Budget Office asking for an assessment from them on the potential impact of sequestration for Guam.
The automatic cuts in billions of dollars of federal spending will take effect at the end of next week, March first, unless a compromise is reached.
In his letter, Senator Aguon writes that “the people of Guam are anxious about the sequestration’s potential effects ion the pending U.S. Marines relocation from Okinawa, and more importantly on any impacts it might have on the local economy.”
The Senator asks for any information with regards to possible economic impacts of the sequestration on Guam
1) as relevant to the Pacific realignment
2) as relevant to potential funding disruptions from the U.S. Department of Interior
3) with regards to any pending cuts on DOD operations and employment in the local bases.
READ the release from Senator Aguon below:
AGUON REQUESTS U.S. CONGRESSIONAL BUDGET OFFICE FOR SEQUESTRATION IMPACT ASSESSMENT
Hagatna, GU–Senator Frank B. Aguon, Jr. has issued a letter to the U.S. Congressional Budget Office (CBO) regarding potential impacts of the sequestration on the local economy.
“Almost unilaterally, the sequestration has recently been the most frequently cited issue brought by constituents to my attention”, Sen. Aguon said in the letter. “There has been a worrisome lack of specific information from the federal government on what effects the sequestration would have on the Department of Defense’s efforts in the Pacific, apart from the ominous recent indication by Secretary Panetta that U.S. naval operations in the region could be reduced by nearly a third”.
The fiscal sequestration, which takes into effect on March 1st, 2013, entails across-the-board cuts in the federal budget with deep reductions specifically targeted at the U.S. Department of Defense. Congresswoman Madeleine Z. Bordallo has recently indicated that, unless averted, the sequestration’s impacts to the local economy could be “devastating”.
In his letter, Sen. Aguon has requested information from the CBO on “possible economic impacts of the sequestration on Guam 1) as relevant to the Pacific realignment; 2) as relevant to potential funding disruptions from the U.S. Department of Interior; and 3) with regards to any pending cuts on DOD operations and employment in the local bases”.
The CBO is a non-partisan entity in the United States Congress tasked with assessing the economic impacts of congressional legislation. Mr. Douglas W. Elmendorf is its current director.