Posted on 11/19/2012 4:29:32 PM PST by WilliamIII
While most large U.S. defense contractors have warned a $500 billion cut in military spending over the next 10 years could be disastrous, Honeywell International today bucked the trend and announced it would welcome the reductions.
During a meeting with investors Mike Madsen, president of Honeywell's defense and space unit said that the company recognizes that a majority of the budget cuts that make up the so-called "fiscal cliff" will happen.
"We're not really fighting these—they need to occur," he said.
(Excerpt) Read more at nj.com ...
They have been given an offer they can’t refuse.
When you make your money from government, you support the government.
And what Honeywell programs are targeted for termination?
Yup. Those CEOs that prove ‘cooperative’ will be allowed to keep their jobs.
How many employees will Honeywell be laying off?
I’m sure we can make lots of military cuts. Do we really need to continue occupying Europe and Japan?
We could cut our military by 50% and still be #1 in spending. In fact, I’d be more in favor of cutting the military by 50% if half that money went into NASA
How many employees will Honeywell be laying off?
Are layoffs the reason we shouldn’t cut government spending? So we should make sure the government payroll — and the payrolls of government conractors — are never cut? Then get ready to pay higher taxes, cause that’s the only way to fund government payrolls at their current levels, without borrowing from the Chinese!
Eh, take a closer look at the budget and tell us all how you would make a 50% cut; eliminate the Marine Corps?
Eh, take a closer look at the budget and tell us all how you would make a 50% cut; eliminate the Marine Corps?
I disagree with cuts in defense spending, but the total of all of the other automatic cuts (in civilian spending) is much higher and needs to be done.
Here’s how:
Let Europe defend itself. Close every single base in Europe.
Let Japan and Korea defend themselves. Close those bases.
End the pointless Afghan war. Now.
Close every single base in the ME. Bring those troops home. Now.
That’d cut the defense budget by 1/3 at least.
None! They've just earned a bail out.
I disagree with cuts in defense spending,
So government spending can’t be cut, because freepers don’t want defense cut (as if government suddenly becomes efficient with no unneeded spending, when it comes to military), and liberals don’t want anything else cut. So we’ll keep heading into bankruptcy - and higher taxes.
Eh, take a closer look at the budget and tell us all how you would make a 50% cut; eliminate the Marine Corps?
Why do we need bases in Europe, England and Japan?
Then they are under the influence of a payoff.
Does "Benghazi" ring a bell?
During a meeting with investors Mike Madsen, president of Honeywell's defense and space unit said that the company recognizes that a majority of the budget cuts that make up the so-called "fiscal cliff" will happen. "We're not really fighting these -- they need to occur," he said.IOW, the cuts that have no impact on Honeywell need to occur.
I concur. Glad to hear others around here saying it too. Let’s stop borrowing from China and others to subsidize Europe, Japan and Korea.
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