Sequestration?

Someone explain this more than the huffington post?

http://www.huffingtonpost.com/michel...b_2084076.html

No, that's a pretty good explanation of it. Congress agreed to disagree and kick the can down the road last year. The defense lobbyists may be overstating the effect of defense cuts, but it will have significant ripple effects if it happens.

I'm betting the lame duck congress comes to yet another "kick the can down the road" agreement because neither side wants to REALLY deal with it.

remember when Obama told all of the companies with .gov contracts not to announce the almost 760K job Layoffs right before the elections?

this is why.

There are ALLOT of nervous people in the military support industry atm.

Quote:

---

Originally Posted by Byte Stryke

remember when Obama told all of the companies with .gov contracts not to announce the almost 760K job Layoffs right before the elections?

this is why.

There are ALLOT of nervous people in the military support industry atm.

---

I was told Lockheed was planning to. Dont know if they did or not.

LM issued, Ball is waiting, NG is waiting. A ton of the smaller ones have issued.

I felt both guilty and relieved when my GS- Put me in the indispensable list, and some others, not

This will probably make a few people mad, but there is another factor at play here too, at least on the DOD side. As budgets have shrunk and belts have been tightened, many of the best and brightest have left, or been forced out of the big companies that do the R&D, prototype and production of our military hardware and associated software. In many cases, the middle tier of designers are ICs and the real telent no longer "belongs" to these companies. Sure, the same stuff gets "created" but with a significant reduction of financial risk for the large corporations. When a "project fails" for whatever reason, it is these small third and fouth tier contractors that are financially ruined and the large Corp does nothing to absorb that economic impact. In some cases these "best and brightest" are leaving the US altogether in order to make a living. This is a scary trend which will only increase in the next 4 years.