Why Sequestration Will Not Happen...

Tens of thousands of layoff notices, days before the Presidential Election.  The President cannot let this happen and still hope to win.  The defense contractors are likely to err on the side of caution, and issue their notices even earlier.  A deal will get cut by 15 October.

UPDATE:  It seems the Department of Labor is responding to defense industry speculation about layoffs by issuing a statement that layoff notices would be "inappropriate".  The plot thickens....

Bryan McGrath