Veterans Business Resources

a portal for all Veterans and SDV Small Business Owners

Collateral Damage of the Super Committee’s Super Failure

Well, it’s official; we have a “Super Failure by the Super Committee.”  I will not comment on how or why the failure occurred, instead, I will make just a few observations on the fallout that will surely happen as a result of their inaction.  The collateral damage will be felt on many fronts as what didn’t happen in D.C. will ripple all across America.  

CNN just ran a story talking about the cutbacks at the Pentagon over the next decade.  Many ACAT 1 programs are going to be significantly scaled back if not terminated all together.  Programs like the Air Force’s F35 that is arguably one of the greatest fighter jets ever built.  Unfortunately, the F35 is also many years and hundreds of million of dollars over budget.  Lockheed Martin is the major defense contractor on that program.  Just think about all the subcontractors on all the different tiers that contribute to that program.  That equals a lot of people earning a lot less income, but still having the same responsibilities. 

There have also been discussions about either reducing health care coverage, increasing out of pocket co-pay expenses or both.  Do you see where this is going?  Who are some of the people employed by Lockheed Martin that are about to get pink slips when funding for the F35 Program is reduced?  Some of those people were promised the government would support and defend them just like they once promised to support and defend the constitution.  Reneging on promises made to Veterans is a huge consideration for future generations of warfighters and should not to be taken lightly. 

I mentioned Lockheed, but fear not, other DoD darlings and industry giants will stumble and fall also.  These observations are just my read of the tea leaves.  What do you think?  Will there be collateral damage and fallout?  If so, how do we best prepare?  Let us know your thoughts. 

See you on the high ground!



Filed under: Government Contracting, Networking, Registrations & Certifications, Support Our Troops, Woods Consulting Group, , , ,