Wednesday, July 18, 2012

Defense Cuts Threaten NOVA


NOVA's Post Apoc Future?
Is NOVA on the verge of an economic doomsday? According to a study published by George Mason professor Stephen Fuller, we are all officially screwed unless Congress gets off of its collective butt and does something.

 Approximately 220,000 federal jobs in civilian agencies [i.e. contractors] will be eliminated next year if Congress fails to repeal the automatic defense spending cuts, often called the defense "sequestration," that are scheduled to go into effect in January.

Over a period of ten years, approximately 2.1 million jobs would be eliminated, either directly because of the cuts or indirectly as a result of its effects on local economies, the study concluded.

That’s a lot of good paying jobs that will be going down the toilet. 

I can only imagine what NOVA will look like ten years from now if these cuts go into effect.

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