[mylife]

I am worried about what it will means for employment.

[SkyPilot]

Simply put, we can’t afford to spend money the way we did in the past; cuts need to be made.

Except in Entitlements, of course, which are 62% of all Federal spending. We have money hand over fist for those.

[Sooth2222]

"That would translate to more than $46 billion in military cuts—about 9% of the defense budget—in the next seven months."

* Reference: PJ O'Rourke's Circumcision Precept (O'R.C.P.): "You can take 10% off the top of anything" and and nobody will notice much if any difference.

[mylife]

A lot of the current military budget reflects operations in 2 war zones.

Those operations are coming to an end.
Unfortunately, the way these things work is, the commanders who had increased budgets will whine and point fingers as to who is spending what and eventually Congress will axe ALL budgets without regard as to need or value in an effort to be fair.

[eyedigress]

So what do you do, run to bonds?

[Myrddin]

My deadlines and commitments didn’t get cut, but we laid off two software engineers and another one goes next week. There aren’t enough cycles left to finish the contracted work. My lead gui developer dumped 3 critical bugs on me the night before a delivery build. The computers and my fingers can only go so fast. I fixed one of three by 10 PM. Two remain. I’m out of funded hours for the pay period. Stupidity on steroids. One of the layoffs has a replacement job (thankfully for him). If I had budget to hire his replacement, it would take a year to get clearance and more time to train.