Bill Golden, CEO of IntelligenceCareers.com, will address the metro Washington DC Military Officers Association of America (MOAA) network group on May 30th at Annandale, Virginia.
Date: Wednesday, May 30th, 2012
Place: The Clark House, Annandale, Virginia
Bill will revisit his prior outlook on this topic, presented in late July 2011. At that time it looked as if the U.S. government was headed for a shutdown unless Congress acted on a debt deal.
Congress did act: it punted by creating the Super Committee and putting enough money into the economy to float the economy through the November 2012 election. Or did it?
A major calculation of that punt was to do a deal with the devil. If the Super Committee could not find a compromise then automatic cuts would become a pox on both social spending and defense spending. Equal suffering for equal amounts of congressional indecision. We call this ‘Sequestration’, a fancy word meaning: I sold my soul and my future to the Devil … but I got money up front!
ONE YEAR LATER
Sequestration does not officially begin until October 2012 but companies and government have already begun acting as if has taken effect.
One prediction of its effect per the Aerospace Industries Association (AIA) is that it will cost Virginia 123,000 jobs within the next 12 months, and cut almost 38,000 jobs in Maryland.
There are various theories and plots being developed to thwart sequestration of defense funding, although almost no discussion of repealing cuts to social programs.
Bill Golden, CEO of IntelligenceCareers.com, will discuss how he sees all of this playing out in FY2013 and what it means for jobs. Preview: 2013 will be the year that 2012 would have been if not for the ‘Debt Deal’ of August 2011. Translation: Doh! We screwed ourselves.
Note: Seating could be tight. There is no cost to attend but if you are interested please drop the MOAA event organizer Jim Dittbrenner a note first at firstname.lastname@example.org to get an idea as to the availability of space.