Lockheed Martin announces a layoff of 4,000, and then this paragraph:
Defense contractors have been scaling back their workforces in response
to the package of federal budget cuts known as sequestration.
Sequestration? That didn't start until earlier this year (2013). And Lockheed Martin has been laying off folks since 2008:
Since 2008, Lockheed Martin has cut 146,000 employees, to 116,000 today.
Since 2008, the company has cut 146,000 employees, all well before the sequestration. And somehow the reporter felt the 4,000 layoffs announced today were due to "the" sequestration. And despite the sequestration ...
... the Congressional Budget Office [has] estimated that total federal
outlays will continue to increase even with the sequester by an average
of $238.6 billion per year during the next decade, although at a
somewhat lesser rate (wiki).
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