July 18, 2012 – Local news media are falling all over themselves to report impending doom for San Diego’s economy should the automatic 10%, across-the-board budget reductions in the military budget mandated by the “sequestration” process that Congress created as a solution to the budget standoff last summer. Mayor Jerry Sanders was in Washington Tuesday to plead our city’s case. Never mind that the Office of Management and Budget has not yet released guidance about how the automatic cuts would be implemented or that it’s widely assumed that President Obama will exercise a legal option to exempt military personnel funding from the cuts.
The UT-SD’s contribution to the manufactured hysteria was the proposed headline in an early morning version (I’m sure it’s fixed now) of an online story (warning: paywall ahead!) about the potential reductions that read:
AEROSPACE XX XXXXX XXXXXX XXXXXXX XXXX
XXXXXXX XXXX CUTS WOULD HIT S.D., STATE HARD
Report forecasts effects of federal spending reductions