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Money and Finances
Reply to "2013 stock market confidence?"
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[quote=Anonymous][quote=Anonymous]^^^I see your point, but the gov't has workers all over the country. If there are RIFs, then gov't workers everywhere will feel it. I'm guessing that on one hand the markets will like to see some cuts in gov't spending, but at what level will those cuts do more harm than good? RIFs could affect the entire economy, not just the local one, as DoD workers, park rangers, border agents, etc. all across the country are suddenly without pay. And what about entitlement programs? Are they going to cut those? What will that do to the entire economy? [/quote] dont forget, though - lots of govt contractors in the area will feel the pinch of DOD/govt budgets. It may take a little bit (our contracts are pre-funded for example) but I see RIF's looming as well. [/quote]
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