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You are here: Home / Government Contracting News / Part of sequestration nightmare: small businesses vital to the supply chain won’t have capital to stay in business

February 15, 2013 By AMK

Part of sequestration nightmare: small businesses vital to the supply chain won’t have capital to stay in business

With less than three weeks to go before automatic governmentwide budget cuts, the entire leadership team at the Pentagon on Tuesday implored the Senate Armed Services Committee to cancel sequestration and adjust the continuing resolution set to run out March 27.

In an emotional hearing that prompted lawmakers to criticize their own and blast President Obama’s leadership, members of the Joint Chiefs of Staff and top civilian officials laid out details of the harm across-the-board budget cuts would inflict on the nation’s military readiness and long-term effectiveness.

“Military readiness is in jeopardy due to the convergence of unprecedented budget factors,” said Gen. Martin Dempsey, chairman of the Joint Chiefs. “We need help from our elected leaders to avoid hollowing out the force and compromising our nation’s security. Specifically, we need passage of a regular 2013 defense appropriation, and we need sequestration to be canceled.” Otherwise, the United States would have “a degraded capability,” and it would be “immoral” to send troops into battle, he added.

Keep reading this article at: http://www.govexec.com/defense/2013/02/top-pentagon-brass-lay-out-details-sequestration-nightmare/61262/?oref=national_defense_nl.

Filed Under: Government Contracting News Tagged With: budget cuts, continuing resolution, DoD, industrial base, sequestration, small business, small business goals

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