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Honeywell: Cuts to U.S. military spending 'need to occur'
The Star-Ledger ^ | Nov 19 2012 | Stacy Jones

Posted on 11/19/2012 4:29:32 PM PST by WilliamIII

While most large U.S. defense contractors have warned a $500 billion cut in military spending over the next 10 years could be disastrous, Honeywell International today bucked the trend and announced it would welcome the reductions.

During a meeting with investors Mike Madsen, president of Honeywell's defense and space unit said that the company recognizes that a majority of the budget cuts that make up the so-called "fiscal cliff" will happen.

"We're not really fighting these—they need to occur," he said.

(Excerpt) Read more at nj.com ...


TOPICS: Business/Economy; Government
KEYWORDS:

1 posted on 11/19/2012 4:29:41 PM PST by WilliamIII
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To: WilliamIII

They have been given an offer they can’t refuse.

When you make your money from government, you support the government.


2 posted on 11/19/2012 4:31:35 PM PST by GeronL (http://asspos.blogspot.com)
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To: WilliamIII

And what Honeywell programs are targeted for termination?


3 posted on 11/19/2012 4:32:12 PM PST by Hulka
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To: GeronL

Yup. Those CEOs that prove ‘cooperative’ will be allowed to keep their jobs.


4 posted on 11/19/2012 4:39:26 PM PST by rbg81
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To: Hulka

How many employees will Honeywell be laying off?


5 posted on 11/19/2012 4:39:33 PM PST by Venturer
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To: WilliamIII

I’m sure we can make lots of military cuts. Do we really need to continue occupying Europe and Japan?

We could cut our military by 50% and still be #1 in spending. In fact, I’d be more in favor of cutting the military by 50% if half that money went into NASA


6 posted on 11/19/2012 4:43:03 PM PST by MeanGreen2008
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To: MeanGreen2008
NASA chief says agency's goal is Muslim Outreach.
7 posted on 11/19/2012 4:56:21 PM PST by Jacquerie ("How few were left who had seen the republic!" - Tacitus, The Annals)
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To: Venturer

How many employees will Honeywell be laying off?

Are layoffs the reason we shouldn’t cut government spending? So we should make sure the government payroll — and the payrolls of government conractors — are never cut? Then get ready to pay higher taxes, cause that’s the only way to fund government payrolls at their current levels, without borrowing from the Chinese!


8 posted on 11/19/2012 4:57:01 PM PST by WilliamIII
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To: MeanGreen2008

Eh, take a closer look at the budget and tell us all how you would make a 50% cut; eliminate the Marine Corps?


9 posted on 11/19/2012 5:10:36 PM PST by MSF BU (n)
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To: MeanGreen2008

Eh, take a closer look at the budget and tell us all how you would make a 50% cut; eliminate the Marine Corps?


10 posted on 11/19/2012 5:10:42 PM PST by MSF BU (n)
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To: WilliamIII

I disagree with cuts in defense spending, but the total of all of the other automatic cuts (in civilian spending) is much higher and needs to be done.


11 posted on 11/19/2012 5:17:53 PM PST by familyop (We Baby Boomers are croaking in an avalanche of rotten politics smelled around the planet.)
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To: MSF BU

Here’s how:

Let Europe defend itself. Close every single base in Europe.
Let Japan and Korea defend themselves. Close those bases.
End the pointless Afghan war. Now.
Close every single base in the ME. Bring those troops home. Now.

That’d cut the defense budget by 1/3 at least.


12 posted on 11/19/2012 5:18:32 PM PST by Lurker (Violence is rarely the answer. But when it is it is the only answer.)
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To: Venturer
How many employees will Honeywell be laying off?

None! They've just earned a bail out.

13 posted on 11/19/2012 5:21:44 PM PST by Jane Long (Philippians 2:11)
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To: familyop

I disagree with cuts in defense spending,

So government spending can’t be cut, because freepers don’t want defense cut (as if government suddenly becomes efficient with no unneeded spending, when it comes to military), and liberals don’t want anything else cut. So we’ll keep heading into bankruptcy - and higher taxes.


14 posted on 11/19/2012 5:58:30 PM PST by WilliamIII
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To: MSF BU

Eh, take a closer look at the budget and tell us all how you would make a 50% cut; eliminate the Marine Corps?

Why do we need bases in Europe, England and Japan?


15 posted on 11/19/2012 5:59:37 PM PST by WilliamIII
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To: Jane Long

Then they are under the influence of a payoff.


16 posted on 11/19/2012 6:00:06 PM PST by Venturer
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To: WilliamIII
Why do we need bases in Europe, England and Japan?

Does "Benghazi" ring a bell?

17 posted on 11/19/2012 6:15:40 PM PST by okie01 (THE MAINSTREAM MEDIA; Ignorance on parade.)
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To: WilliamIII
Honeywell strung me along for 3 months trying to get an answer to whether they were capable of performing on a specific task. They finally admitted the device of interest had been "acquired" and none of their staff knew squat about it. I'm not surprised that non-performers are angling for cuts to competitors.
18 posted on 11/19/2012 6:15:42 PM PST by Myrddin
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To: AdmSmith; AnonymousConservative; Berosus; bigheadfred; Bockscar; ColdOne; Convert from ECUSA; ...

Thanks WilliamIII.
During a meeting with investors Mike Madsen, president of Honeywell's defense and space unit said that the company recognizes that a majority of the budget cuts that make up the so-called "fiscal cliff" will happen. "We're not really fighting these -- they need to occur," he said.
IOW, the cuts that have no impact on Honeywell need to occur.


19 posted on 11/19/2012 6:26:29 PM PST by SunkenCiv (https://secure.freerepublic.com/donate/)
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To: Lurker

I concur. Glad to hear others around here saying it too. Let’s stop borrowing from China and others to subsidize Europe, Japan and Korea.


20 posted on 11/19/2012 6:43:00 PM PST by andyk (I have sworn...eternal hostility against every form of tyranny over the mind of man.)
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To: Lurker

There is a need for military installations outside of the U.S. At the very least it comes down to logistics.


21 posted on 11/19/2012 7:00:58 PM PST by voicereason (The RNC is the "One-night stand" you wish you could forget.)
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To: WilliamIII

Honeywell is probably looking for a Al Qaeda Outreach Program contract from Barry Benghazi.


22 posted on 11/19/2012 7:13:44 PM PST by FlingWingFlyer (Amnesty - Obama's bailout of Mexico. Barry sticks it to America again!)
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To: Hulka
...what Honeywell programs are targeted for termination?

Miraculously, all proposed Honeywell cuts are now off the table.

23 posted on 11/19/2012 8:16:57 PM PST by ProtectOurFreedom
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To: WilliamIII

As the military (and the contractors dependent on it) have become social engineering laboratories, I think less and less people care about cuts to spending.

The average person sees little benefit from their tax dollars being spent to house, clothe, and feed troops anymore while they can’t house, feed, and clothe their own families.


24 posted on 11/19/2012 8:36:11 PM PST by kearnyirish2 (Affirmative action is economic war against white males (and therefore white families).)
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To: kearnyirish2
The full-time standing military is as unproductive as any other government sector, but it is probably a necessary evil given the nature and scale of modern warfare. One change I'd like to see to all government pension/benefit programs is to have them not kick in until actual "retirement age," say 68 years old or so. There's no reason for taxpayers to be paying pensions to able bodied people below the normal retirement age.
25 posted on 11/19/2012 9:31:16 PM PST by Trod Upon (Obama: Making the Carter malaise look good. Misery Index in 3...2...1)
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To: WilliamIII

I am for cutting any useless government expenditure. We should not spend 1 cent more on the military than we absolutely need to.

The best defence is a strong economy.


26 posted on 11/19/2012 10:29:48 PM PST by kokoda
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To: Trod Upon

A friend “retired” as a local cop last year at 46 (he joined when he was 21); I could imagine what he will cost the taxpayers in the long run (and it will be paid by people toiling into their 70s to do it).

The full-time standing military has no place in a country that will not protect its own borders; why project force around the world when you can’t secure the Mexican border? 9/11 (the justification for a LOT of military expenditures) only happened because there was no political will to deal with people in this country illegally.


27 posted on 11/20/2012 2:34:06 AM PST by kearnyirish2 (Affirmative action is economic war against white males (and therefore white families).)
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To: Lurker

That would create a huge power vacuum, which China and Russia would rush in to fill.

Not to mention a few regional wars and a probable world wide conflict.

When an Empire (and we are one) pulls out, the rump states start playing whack your neighbor.


28 posted on 11/20/2012 5:27:41 AM PST by redgolum ("God is dead" -- Nietzsche. "Nietzsche is dead" -- God.)
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To: redgolum

China is hemmed in and is more interested in making money.
Russia is no longer able to project power.


29 posted on 11/20/2012 5:33:36 AM PST by AppyPappy (If you really want to annoy someone, point out something obvious that they are trying hard to ignore)
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To: AppyPappy

Maybe. China is not as inward looking as you think. They are trying to put a base in the Azores, and have operations in Africa.

Russia dearly wants to reclaim its empire. If the US stepped back, they might decide to make a go of it again. How successful they will be is an open question, but it would be foolish to write them off.


30 posted on 11/20/2012 6:21:35 AM PST by redgolum ("God is dead" -- Nietzsche. "Nietzsche is dead" -- God.)
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To: redgolum

Russia is fire-saleing everything. China can put operations in various places but their government structure is such that they can’t control them as they like. They can’t even deal with citizens out of the country. The person who sits next to me is from China. She is no more communist than any of us and she has no interest in returning or obeying any edicts like how many children she can have.
Chinese are big on assimilation, not domination. They want to go to the US and make a huge pile of money. They won’t kill the goose that lays the golden egg. Their military is focused west, not east.


31 posted on 11/20/2012 6:32:15 AM PST by AppyPappy (If you really want to annoy someone, point out something obvious that they are trying hard to ignore)
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To: AppyPappy
As far as China not being Communists, I agree. I am not sure when the change happened, but they are very old school capitalist now (more so than the West in many ways).

Yet they are looking to expand their markets and influence. An apt comparison may be the early British Empire.

Russia is searching for the lost glory of the Third Rome. They have a long history of retrenchment followed by expansion. They didn't get to be the largest land empire for nothing

32 posted on 11/20/2012 6:59:17 AM PST by redgolum ("God is dead" -- Nietzsche. "Nietzsche is dead" -- God.)
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To: WilliamIII

Oh, I do agree that Republicans in the House should see that the scheduled spending cuts happen. The defense spending cuts are small relative to the rest of the needed cuts, and military spending will be revived when more immediately needed. I would like to have seen more defense spending and far less regulatory and social spending, though.


33 posted on 11/20/2012 8:52:28 AM PST by familyop (We Baby Boomers are croaking in an avalanche of rotten politics smelled around the planet.)
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To: redgolum

Who cares if Slobostan invades Whocaresistan. If they threaten us, nuke them. If they dont, let them kill,each other forever. I don’t care.


34 posted on 11/20/2012 12:02:19 PM PST by Lurker (Violence is rarely the answer. But when it is it is the only answer.)
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To: redgolum

Let ‘em. Maybe they will become as overextended as we are and go broke.


35 posted on 11/20/2012 12:08:28 PM PST by Little Ray (I have VOTED AGAINST Obama in the General.)
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To: Lurker

No, all that would do would bring home service members to facilities that don’t exist. Where is the analyis?


36 posted on 11/21/2012 2:05:51 PM PST by MSF BU (n)
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To: MSF BU

Discharge them. Problem solved.


37 posted on 11/21/2012 5:21:30 PM PST by Lurker (Violence is rarely the answer. But when it is it is the only answer.)
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To: Lurker

Yup, discharge 300,000 mid-career soldiers, sailors, airmen and marines. Sounds like a good idea to me. Which branch did you serve in again?


38 posted on 11/22/2012 3:42:22 PM PST by MSF BU (n)
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To: MSF BU

USMC, 1981-1984. You?

And yes. Bring them home. Close those bases, and give those who’ve earned them Honorable Discharges. If any country f**** with us, nuke them. No more idiotic wars to nation build. No more spreading “democracy”. F*** with us and go up in a ball of nuclear fire.

End of story.


39 posted on 11/22/2012 4:54:31 PM PST by Lurker (Violence is rarely the answer. But when it is it is the only answer.)
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To: Lurker

Your idiocy speaks for itself; go back to Ayn Rand’s fantasy world. Army, 1980 to 2009, to answer your question.


40 posted on 11/23/2012 3:20:15 AM PST by MSF BU (n)
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To: MSF BU

Army, that figures. The military ain’t a jobs program. It’s for killing people and breaking stuff. We can’t afford to be for it to be International Armed and Dangerous Pizza Guy any more.


41 posted on 11/23/2012 8:45:03 AM PST by Lurker (Violence is rarely the answer. But when it is it is the only answer.)
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To: Lurker

...only four years, figrues. Keep posting deep thinker. It takes time to train a fighting force; dismissing half of them while maintaining Pell Grants and EBT payments isn’t good national policy.


42 posted on 11/25/2012 9:13:37 AM PST by MSF BU (n)
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To: MSF BU

You don’t get it. We don’t need a “fighting force” unless it’s New Jersey being invaded. All we need is a Navy to keep the shipping lanes open, some Marines to take and hold ports for a brief period, and an Air Force to launch nukes.

We could do that with a military 1/3 the size we have now.

Let the Euroweenies defend Europe. Let Japan defend Japan. Let Korea defend Korea. I’m sick and tired of watching you guys bleed and die for a bunch of 5th century savages who should have been reduced to radioactive dust a decade ago.


43 posted on 11/25/2012 5:22:25 PM PST by Lurker (Violence is rarely the answer. But when it is it is the only answer.)
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