The “Beltway Bandits” aka contractors are gonna be in for a much tougher ride in next few years, along with Fed government employees.
As budgets retrench, or get slashed many of the contractors now are making desperate attempts to secure government positions which are relatively safer. The revolving door is alive and well. The problem is that even those “safe” positions are now at increased risk of RIFs ( reduction in force). With over 1/2 million people with some security clearances in greater DC area, this has traditionally provided some level of job security, however this time it may be different.
They have been on feeding frenzy among DC contractors for the last 11 years.
Well, the government teet is drying up. The regional economy has to be impacted.
There was a similar thing in the late 80s early 90s as there was cold war draw down. I witnessed this first hand in DC.
