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As sequestration looms,
contractors don’t fret

Washington Post, by Marjorie Censer and Jim Tankersley

Original Article

Posted By:Dreadnought, 1/30/2013 10:50:39 PM

The next few months could look even scarier than the last few for defense contractors already battered by federal budget cuts, thanks to the threat of automatic reductions looming in March. But industry executives had a surprising message for shareholders this week: Don’t worry about it. In call after call with investors, officials at some of the area’s largest contracting firms refused to guess how much it would cost them if Congress allows the “sequester” to kick in on March 1. Even as their lobbyists keep warning how much the cuts would hurt the industry, the executives are projecting

      


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Reply 1 - Posted by: Veritas2009, 1/31/2013 1:22:33 AM     (No. 9149711)

Watch. Be brave. The contractors are going to be 30 days in front. Who wants to bet people do not get told to walk 1 Feb?


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Reply 2 - Posted by: Safari Man, 1/31/2013 1:55:31 AM     (No. 9149727)

The reason I doubt the sequesters will actually happen is because it makes so much sense to me. Nothing ever goes the way I think it should, which is why I think we´re so screwed up.


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Reply 3 - Posted by: oh-heck, 1/31/2013 6:21:54 AM     (No. 9149843)

The CEOs have been informed by their President that the sequester will not happen. If they say otherwise they will be prosecuted under federal statute.

If Congress doesn´t act, he will take all the cuts out of the pay and benefits of men and women serving this country until Congress coughs up more money.

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