Saturday, January 31, 2009
If This is True Huntsville Will Not Be Good in 2010
Fox News reports that Obama directed a >10% cut in the FY10 budget. They are the only source for this story at this time. If this is true, and during the campaign FCS and missile defense were specifically targeted by Obama, then Huntsville will take some major blows to its economy starting in October 2009. Lots of jobs will be lost, probably mainly contractor, but also government if acquisition programs are hacked. To clear $55 billion the programs are going to have to be hacked as that is probably close to 25% of the investment part of the budget. Most of it goes for people, beans and benefits which a lot of people don't realize. Of course the question is will Congress allow it as that is a lot of pork and constituent jobs gone.