10-10-2013, 07:43 PM
Those Asswipes are really fucking up this country!
It was stated in a news article, that the government shutdown may hurt contractors long after Congress and the President finally resolve the shutdown and then resolve the debt ceiling dispute.
Federal agencies award more than $500 billion a year, or a rough average of $1.4 billion a day, to tens of thousands of contractors.
With each day of the partial shutdown, the pipeline gets more clogged by late payments, halted work and canceled solicitations for new contracts. That bottleneck may affect contractors’ fourth-quarter results.
“Even if the government suddenly opens for business, things can’t be expected to get back to normal right away said a Virginia-based consulting company. “This is going to be a wave that makes its way through the government’s operational infrastructure probably at least until the end of the calendar year.”
If the shutdown continues through the end of the week, it will be difficult for big contractors to make up for lost revenue before the end of the year said the Virginia-based Group, a strategic consulting firm for aerospace and defense.
Furthermore, “If the government defaults on Oct. 17, all bets are off the table,” the U.S. Treasury Department says the nation will need to borrow more money to pay its existing bills.
It was stated in a news article, that the government shutdown may hurt contractors long after Congress and the President finally resolve the shutdown and then resolve the debt ceiling dispute.
Federal agencies award more than $500 billion a year, or a rough average of $1.4 billion a day, to tens of thousands of contractors.
With each day of the partial shutdown, the pipeline gets more clogged by late payments, halted work and canceled solicitations for new contracts. That bottleneck may affect contractors’ fourth-quarter results.
“Even if the government suddenly opens for business, things can’t be expected to get back to normal right away said a Virginia-based consulting company. “This is going to be a wave that makes its way through the government’s operational infrastructure probably at least until the end of the calendar year.”
If the shutdown continues through the end of the week, it will be difficult for big contractors to make up for lost revenue before the end of the year said the Virginia-based Group, a strategic consulting firm for aerospace and defense.
Furthermore, “If the government defaults on Oct. 17, all bets are off the table,” the U.S. Treasury Department says the nation will need to borrow more money to pay its existing bills.
Carsman: Loves Living Large
Home is where you're treated the best, but complain the most!
Life is short, make the most of it, get outta here!
Home is where you're treated the best, but complain the most!
Life is short, make the most of it, get outta here!