As September draws to an end, a familiar parlor game is starting — the speculation about a pre-election “October surprise.” This year’s surprise may be found in a bunch of pink slips. The issue involves the impending sequestration cuts, that $1 trillion hatchet-chop solution to the debt crisis that would automatically affect nearly $500 billion in defense spending over the next decade. Since the administration has said no military personnel will be at risk, a lot of the potential savings would have to come from contracts with the private sector.
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