Monday, December 31, 2012

What Impact Will The Fiscal Cliff Have On The Pentagon

How Badly Will Budget Cuts Hurt Troops, DOD Civilians? -- Stars and Stripes

WASHINGTON — In the final presidential debate, President Barack Obama declared to the American people with unflinching certainty that sequestration “will not happen.”

Two months later, the Jan. 1 deadline is looming, with no debt reduction deal in sight.

Now what?

How quickly and deeply will these automatic defense budget cuts totaling about $500 billion over the next decade hit troops, Defense Department civilians and contractors? And how much will they hurt?

Many experts agree: “The sky is not going to suddenly fall on Jan. 2,” said Todd Harrison, a defense budget expert at the Center for Strategic and Budgetary Assessments, a Washington think tank. “In fact, we are likely to see hardly any impacts in that first week.”

Read more ....

My Comment: If I was working for the Pentagon or for a defense contractor .... times are going to be tough. This is the 'worst case scenario'.

1 comment:

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