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The current effects of the coming "fiscal cliff"

Discussion in 'The Okie Corral' started by Mr981, Oct 25, 2012.

  1. Mr981

    Mr981

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    Just heard from a friend--an engineering type at very large company--that he was caught in a corporate "RIF", with he company reducing its employment by 4% due to the expected loss of government business from the expected sequestering of funds after the 1st of the year.

    This is the second person I know to lose their job based the looming "fiscal cliff". Apparently, companies are taking this very seriously and are taking actions to control their costs with the very real chance of losing a lot of revenue in the near future.

    I have no idea of what it is going to take the politicians to get engaged to create a real solution to this problem, but the "monster", that was created because they couldn't come to an agreement, is already costing the country jobs.