Defense firms confirm layoff warnings

[popcorn]

Defense firms confirm layoff warnings

Major defense contractors have confirmed they’ll [glow=red,2,300]send tens of thousands of employee layoff warnings [/glow]shortly before Election Day, according to correspondence released Monday by Arizona Sen. John McCain.

McCain, the top Republican on the Senate Armed Services Committee, wants to jump-start congressional action to avert automatic, across-the-board budget restrictions set to take effect early next year. Hawks and defense vendors hope the threat of mass layoff warnings in late October will light a fire under a deadlocked Congress. Already, they point out the mere threat of the year-end “sequester” is hurting the defense industry and the broader national economy.


Read more: www.politico.com/news/stories/0912/81007.html#ixzz26ASEkJo6

[baydoll]

This will affect my town enormously. There are a whole lot of defense people here (INCLUDING my daughter) who work at the base (Patuxent Naval Air Force Base). Everyone is worried.

Please say a prayer for my daughter. We can't afford for her to be laid off. Her husband is out of work (and has been for a while) and she is the sole provider for their family of two adults and 4 children. And they live with me so if they do lay her off guess who will be the one who will have to pick up the slack. And I am just barely hanging in there myself.

[PrisonerOfHope]

Sounds like they're looking for an excuse to start a war...probably before the elections, so jobs will be added rather than more lost.