Re: “Specter of big defense cuts prompts big worries” (TNT, 9-25).
Federal Transfer Funds (FTF) – monies entering the state to pay for federal commitments – represent a good portion of the economy of Washington state due to its several military installations and large military retiree population.
In the 2010 fiscal year, $3.737 billion was paid to fulfill commitments to 70,983 military retirees, their dependents and 8,373 retiree widows in this state. More than $1 billion of this is retiree retention pay. With most of this spent in the state boosting businesses, creating new jobs and reducing unemployment, it …