Originally Posted by Team Plutonium
Yes, I'm all for cutting spending, but you have to go at it a smarter way than this. Our economy is still shit, so when you have federal contractors have to cut jobs, and raise taxes on top of that you will stall the economic recovery - big time. It is not gonna put in me in the poor house, and I can hardly complain myself, but the fact is, if these cuts effect our contracts I will hire fewer people. The stuff we do can hardly be outsourced to India or China.
Depending on what exactly you do in your particular industry, there is also a trickle down effect to suppliers. If they really wanted to cut some fat, they'd target the acquisition side. It is long overdue for an overhaul.