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News Link • Government Debt & Financing
Your Military Industrial Complex at Work: 123,000 workers at risk of being laid off [Sure!]
The New Republic
Hey, looks like Ike was
after all! From today’s
about Lockheed Martin:
Right before Election Day, the company is likely to notify
the “vast majority” of its 123,000 workers that they’re at risk of being
laid off, said Greg Walters, the company’s vice president of
Walters’s comments are
some of the most specific threats yet from an industry that’s trying to
head off the $500 billion in automatic cuts in defense spending set to
begin taking effect Jan. 2. Called sequestration, the cuts are being
phased in over 10 years, with about $55 billion slated for 2013.
Read Full Story
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Tags: corruption, military, congress, spending
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