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[quote=Anonymous][quote=Anonymous][quote=Anonymous]I work for one of those companies mentioned.

In this market, you need to be on a contract to be employed. We used to offer long bench time, to give employees time to find a new contract if your contract ended. Not anymore.

If going private, get on a contract with long term funding. [b]However, this doesn’t mean the current government isn’t going to cut funding in the future. This has never happened before this administration (without a reason, like poor performance). [/b]
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This. There are no more guarantees - we had three long-term contracts that were supposed to have several option years and the client was thrilled with our work, but they were not exercised. [/quote]

Switching from a Federal employee role to a contractor position is often a smart financial move. It's very common to see your effective income increase by 50% to 75% or even more.
You can essentially "self-insuring" for times of unemployment or between contracts—the significantly higher pay means you still come out way ahead financially in the long run.
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