caanglin Posted February 27, 2013 Report Share Posted February 27, 2013 (edited) No more hiring here but really nothing else. http://www.youtube.com/watch?v=Li0no7O9zmE Edited February 27, 2013 by fivex84 2 Link to comment Share on other sites More sharing options...
Fishey Posted February 28, 2013 Report Share Posted February 28, 2013 (edited) Sequestration is a joke I think its hilarious the government is more willing to make cuts to the working class then the leeching class. Yea, we are not doomed as a society at all.. Remove 1 Trillion from welfare.. Edited February 28, 2013 by Fishey 3 Link to comment Share on other sites More sharing options...
Gideon35T Posted February 28, 2013 Report Share Posted February 28, 2013 As a contractor for the DoD I can tell you that the government civilians are getting a 1 day per week mandatory furlough (also means a 20% pay cut) starting April 1st. Us contractors are extremely unsure at the moment. Contracts may be cut or cancelled. The government reserves the right to alter the contracts in the middle as needed. Let's do a quick estimation. 800,000 DoD employees losing 20% of their pay. This 20% is mostly the disposible portion of their income. If the average pay is $50k that's a net salary of $400,000,000,000. 20% of which is $80,000,000,000. So that's $80 billion no longer in existance in nationwide disposible income. Mind you, this isn't in sync with the fiscal year so it's not actually so severe. Whatever the numbers work out to be it's certainly not going to be a good thing. Maybe I'll be able to put the compound into lockdown ;-) Link to comment Share on other sites More sharing options...
gdizzle Posted February 28, 2013 Author Report Share Posted February 28, 2013 As a contractor for the DoD I can tell you that the government civilians are getting a 1 day per week mandatory furlough (also means a 20% pay cut) starting April 1st. Us contractors are extremely unsure at the moment. Contracts may be cut or cancelled. The government reserves the right to alter the contracts in the middle as needed. Let's do a quick estimation. 800,000 DoD employees losing 20% of their pay. This 20% is mostly the disposible portion of their income. If the average pay is $50k that's a net salary of $400,000,000,000. 20% of which is $80,000,000,000. So that's $80 billion no longer in existance in nationwide disposible income. Mind you, this isn't in sync with the fiscal year so it's not actually so severe. Whatever the numbers work out to be it's certainly not going to be a good thing. Maybe I'll be able to put the compound into lockdown ;-) As far as I'm aware, govt furloughs are still an IF and not a certainty at this point. 1 1 Link to comment Share on other sites More sharing options...
rmorse Posted February 28, 2013 Report Share Posted February 28, 2013 As far as I'm aware, govt furloughs are still an IF and not a certainty at this point. This. As a current DoD employee, I can tell you (Gideon) that furloughs have not started and are not definite yet. Furthermore, even if they DO start, it's not 20% loss of pay. It's one day a week, for a *potential* 22 weeks. So if (and that's a massive if) we go 22 weeks, then it will be ~20%. Link to comment Share on other sites More sharing options...
7 VII 7 Posted February 28, 2013 Report Share Posted February 28, 2013 Does not help the f-ing media making people fear the worst all the time. 2 Link to comment Share on other sites More sharing options...
ErikS Posted February 28, 2013 Report Share Posted February 28, 2013 I wonder if those banks and firms and companies that got almost ten times as much handed to them a few years ago would all want to pitch in ... oh right, I guess it doesn't work that way. 1 Link to comment Share on other sites More sharing options...
Gideon35T Posted March 1, 2013 Report Share Posted March 1, 2013 This. As a current DoD employee, I can tell you (Gideon) that furloughs have not started and are not definite yet. Furthermore, even if they DO start, it's not 20% loss of pay. It's one day a week, for a *potential* 22 weeks. So if (and that's a massive if) we go 22 weeks, then it will be ~20%. At Ft Huachuca there was already a mass meeting about it giving out the info I provided. I imagine it was preemptive however. Link to comment Share on other sites More sharing options...
rmorse Posted March 3, 2013 Report Share Posted March 3, 2013 At Ft Huachuca there was already a mass meeting about it giving out the info I provided. I imagine it was preemptive however. Well yea, they have been talking about it for weeks. Link to comment Share on other sites More sharing options...
Gideon35T Posted March 4, 2013 Report Share Posted March 4, 2013 I meant a formal meeting not just bosses to workers or watercooler talk. Anyways, looks like it's going to happen just like they said. Still curious about impact on contractors. No official word as of yet. Link to comment Share on other sites More sharing options...
rmorse Posted March 4, 2013 Report Share Posted March 4, 2013 I meant a formal meeting not just bosses to workers or watercooler talk. Anyways, looks like it's going to happen just like they said. Still curious about impact on contractors. No official word as of yet. I wasn't talking about watercooler talk either. I'm talking about formal meetings as well as formal notices. We've had a ton of talk from the Admiral as well as several formal meetings, here at Patuxent River NAS. They've been talking about it for weeks. Again, doesn't mean it's going to happen. Will it happen? Probably. Link to comment Share on other sites More sharing options...
Gideon35T Posted March 5, 2013 Report Share Posted March 5, 2013 http://www.fromthetrenchesworldreport.com/house-agrees-on-bill-to-keep-government-running/36852/ Link to comment Share on other sites More sharing options...
Commander Riker Posted March 6, 2013 Report Share Posted March 6, 2013 As a result... I'm loosing my renter in Ohio. Foreclosure likely. Link to comment Share on other sites More sharing options...
CoRalV70 Posted March 6, 2013 Report Share Posted March 6, 2013 http://wnep.com/2013/03/05/potential-cuts-detailed-at-depot/ yay me, atleast i get 3 day weekends all summer.... 1 Link to comment Share on other sites More sharing options...
rmorse Posted March 6, 2013 Report Share Posted March 6, 2013 As a result... I'm loosing my renter in Ohio. Foreclosure likely. Oh BITTER. Sorry man...hopefully you can get a new renter in ASAP. Link to comment Share on other sites More sharing options...
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