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Will 'fiscal' sequestration damage US military?

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    Molly Henneberg reports from Washington

  • Duration 2:18
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-- while most of the fiscal cliff rhetoric is focused on the impact on your wallet and the economy at large another huge aspect of the failure to get a deal involves sequestration.

Some -- It can cause lasting damage to the US military correspondent Molly Henneberg has the details.

The cuts will hit across the board every department in the army navy air force Marines and Coast Guard and they will be steep.

Of the one point two trillion dollars -- total spending cuts over nine years.

492.

Billion we'll come from the Pentagon.

That's about 55 billion dollars a year starting right away and defense analysts say the impact on the military's would be close.

Very serious the Pentagon and a department -- already -- -- financial trouble because.

There's already been a 480 billion dollar cut that's that's been applied right now as we speak to take another cut on top of that is it's -- devastating.

And it will make it more challenging for the military to maintain its troops its equipment and its preparedness general Keane says.

The larger defense industry also will be hit private companies that do work for the Pentagon may not get the government contracts to keep them in business.

Severe budget cuts could literally put the national security at risk if the companies that make.

The F 35 fighter or nuclear -- submarines.

For artillery pieces.

Don't have the money to keep going have to lay off their workforce have to close facilities.

Democratic congressman Jim Moran says he's tried to prepare his constituents in Northern Virginia.

Home to many people who work in the defense industry.

My district would be the most adversely affected anywhere in the country.

-- the defense spending would be cut immediately by about eight billion dollars.

How do we get to this place during the budget battles of 2011 these spending cuts were put in as an unthinkable trigger to force lawmakers to find a way to cut spending.

So far they haven't found a way so here we are.

To make it for -- them -- White House insisted that happened that come out of it.

The Department of Defense budget something that many conservatives just think -- watch much much too harsh.

Defense Secretary Leon Panetta has said that the Pentagon has been preparing for these cuts which she says -- quote inflict lasting damage on our national defense.

Dug.

Well in word thank you --

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