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View Diary: Open thread for night owls: 10 reasons holding back economic recovery (61 comments)

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  •  And it trickles down (1+ / 0-)
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    JeffW

    I am a program manager - and one of our more reliable clients has cut off spending on anything except those related directly to their clients (no training, no travel, etc).  That leaves us with a big hole in revenues, plus we had to pull out of deals with some of our vendors, and those vendors will take a hit and then they will pull out of deals with their vendors, etc.   Sequestration is having the classic snowball affect, starting out slow but getting bigger and ever widening as it picks up steam.

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