Anonymous wrote:I had no idea that there are nearly 800,000 civilian DOD employees serving the Pentagon.
Anonymous wrote:I had no idea that there are nearly 800,000 civilian DOD employees serving the Pentagon. I assume that includes other bases around here. This is scary... 20% paycut until the end of September, what happens after that? Will contractors have to go someplace else for work? This could be bad for us that have gotten used to the insulation of living so close to the fed govt. I am looking to move into a new house, maybe housing prices will finally readjust downward like the rest of the US. Less traffic? This could be great for the DC area! BRING IT ON!
It will be bad for everyone. It housing prices fall, your currents house price will fall. Virginia will be in a depression. This is just the DOD, every other part of the Feds will similar cuts.
Government contractor here, and yes it'd be a lie to say we aren't worried. That being said, it's possible that some gov't civilians will see furloughs before some contractors are impacted. If money is already obligated on contracts, it would be more difficult for agencies to pull that back. Instead, they might not be able to touch a particular contract until the next period on the contract or past the point at which funds are already obligated. It might be only a difference of a month or two, though.
I had no idea that there are nearly 800,000 civilian DOD employees serving the Pentagon. I assume that includes other bases around here. This is scary... 20% paycut until the end of September, what happens after that? Will contractors have to go someplace else for work? This could be bad for us that have gotten used to the insulation of living so close to the fed govt. I am looking to move into a new house, maybe housing prices will finally readjust downward like the rest of the US. Less traffic? This could be great for the DC area! BRING IT ON!
Anonymous wrote:Anonymous wrote:Government contractor here, and yes it'd be a lie to say we aren't worried. That being said, it's possible that some gov't civilians will see furloughs before some contractors are impacted. If money is already obligated on contracts, it would be more difficult for agencies to pull that back. Instead, they might not be able to touch a particular contract until the next period on the contract or past the point at which funds are already obligated. It might be only a difference of a month or two, though.
I believe all government contracts contain an escape clause.
Anonymous wrote:Anonymous wrote:Government contractor here, and yes it'd be a lie to say we aren't worried. That being said, it's possible that some gov't civilians will see furloughs before some contractors are impacted. If money is already obligated on contracts, it would be more difficult for agencies to pull that back. Instead, they might not be able to touch a particular contract until the next period on the contract or past the point at which funds are already obligated. It might be only a difference of a month or two, though.
I believe all government contracts contain an escape clause.
Anonymous wrote:Government contractor here, and yes it'd be a lie to say we aren't worried. That being said, it's possible that some gov't civilians will see furloughs before some contractors are impacted. If money is already obligated on contracts, it would be more difficult for agencies to pull that back. Instead, they might not be able to touch a particular contract until the next period on the contract or past the point at which funds are already obligated. It might be only a difference of a month or two, though.
As part of its planning for sequestration, the Department of Defense said it's getting rid of tens of thousands of temporary employees, and on Friday, it made clear that should the automatic budget cuts occur, the remainder of the civilian workforce would face furloughs of one day per week without pay for the rest of fiscal year 2013.