If the situation were different, yes, he would be put on the bench and another position found. But if the majority of their contracts are cut, there will be no place to replace him, so no bench. They have been a great company but there is only so much they can do. Yes, they are charging the gov't a fortune between the prime's and subcontractors to the primes, but that is how the contracts are set up. It makes no sense but it is what it is. |
| My agency/dept is not having furloughs, and we don't have any contractors--we got rid of them last year. |
CIA? |
Or my deceased husband left me and ur toddler with a crap load a debt. Judge much? |
| I feel you, OP. My husband and I are both Feds, and both of our agencies are furloughing. That means a 20% pay cut. |
I have to say that I agree and I'm in a position that benefits from Fed spending (not contractor) and my DH is a contractor. You have to become numb and indifferent to the waste you see on a daily basis or else it will drive you crazy. The spending and the whole antiquated process in how contracts are bid and awarded is just waiting to implode. I personally think implosion (Greek Style) is still a few years away, but surely the pain will be long and slow leading up to it. I think the party is winding down. We've all be living off the fat here in the land of milk and honey, but like all good things, it has to come to an end. Sequestration is just another stupid idea, it is a shame that they could not have implemented something thoughtful and approached spending and savings in a more thoughful manner. On a good note, for those of you looking for housing, it is probably going to get a lot cheaper over the next few years. If you have a stable job there might be some good homes you can get for a steal.
|
This is what I am hoping for! DH is a Fed but considered "essential." I was let go from a defense subcontracting company. Talk about waste and stupidity. Seriously, there are some very fat cats that made shitloads off of worthless "prototypes." Defense contracting is a haven for dirty old political cronies. |
|
Not to sound ignorant - which is so easy to do on DCUM - but how is it possible that what's been said on these 5 pages cannot effect the DC economy/housing?
It seems that everyone believes our economy is untouchable...even in the face of sequestration. If anyone can explain to me how this WILL NOT negatively effect our economy, that would be appreciated. |
Hmmmm, I know where your spouse works and why you didn't name the 3-letter agency. Interesting that you had the actual language of letter within hours to post here. Could have just said that it would be 5 - 7 furlough days. |
It will. It's just that most DCUMers don't want to think about it. |
+1000 the bubble is popping |
|
I am really interested in the $763K claim that a contractor was being paid.... can someone link that story? I googled for it but couldnt find it. |
I think that is the maximum payrate for an executive that a contractor could charge the federal govt-- so if Boeing is building a tanker for the army and they need to charge a senior executive's time to that contract, that is the rate of pay they could collect for that time. I don't know that many (any?) execs are going to charge 100% of their time to govt contracts, but it is a lot more than anyone in govt gets paid. http://www.govexec.com/federal-news/2011/05/union-wants-to-lower-cap-on-executive-pay-in-federal-contracts/33963/ |
|
Why should I think about it? There's not a single thing I can do, other than save, save, save. |