Government employees: Budgeting is always a matter of hard choices, but the $85 billion in federal budget cuts for the current fiscal year present an additional layer of complexity: Small business owners who contract with the federal government don’t know which projects will be pared back, nor do they know precisely when the cutbacks are going to come.
The military: By April 1, however, the Navy will shut down an entire carrier air wing and the Army will stop bringing in equipment for major overhauls. The longer the budget cuts last, the greater the kind of damage Sen. John McCain, R.-Ariz., warned about on CBS News’ “Face the Nation.”
“If you deprive the military of the ability to train, the ability to have flight hours for our pilots and air crews, the ability of our people to have the right kind of equipment to fight with, then you are putting us in danger in my view,” McCain said.