Could Sequestration Equal Devistation For The Military?

Pentagon leaders have been warning for months that sequestration would equal "devastation" for the military itself. They told Congress it would also take a massive toll on defense contractors. Frank Kendall, DoD's acting acquisition chief, told the Senate yesterday that another $500 billion in budget cuts would affect "hundreds of thousands" of jobs in the defense industry. DoD is in the middle of a project to build a comprehensive map of the entire defense industrial base, so it can keep tabs on how existing budget cuts are affecting contractors. Officials are especially worried about third-and-fourth tier firms. Kendall said DoD would intervene to keep firms from going under in some cases, but those interventions would have to be few and far between.