Grundman cited in Aviation Week, “Aftershock: Lawmakers’ Failure on Deficit Agreement Wreaks Havoc on the Pentagon’s Plans”
All this uncertainty may serve as a way for both sides to score campaign points in a presidential election year, notes Steven Grundman of Grundman Advisory. “You would expect that this is a straw-man budget,” he says of the worst-case scenarios. Sequestration’s full effect almost demands cancellation of the JSF, says Grundman, who was an acquisition official in President Bill Clinton’s Pentagon. If officials actually follow through on capped levels of spending under sequestration, in a fiscal 2013 budget request to Capitol Hill, program managers may have little alternative than to plan only to shut the fifth-generation fighter program down.