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Pros and Cons of the upcoming sequester budget cuts

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  • Description

    Greg Hollis weighs in on how the sequester budget cuts will affect the economy.

  • Duration 2:59
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This transcript is automatically generated

-- right let's get back to the sequester.

A lot of talk about what it's gonna do to the military what it might do to add traffic control towers around the country what about small businesses.

How badly could these cuts if they take place and if they still hold.

For several months how badly could they small businesses Greg Hollis is president and CEO of trinity.

Protection services.

So -- Greg what do you think is is this a disaster for small business or is it much ado about nothing.

It's a potential disasters -- it right now is where we it's a potential disaster.

And we're talking about of enormous magnitudes.

But right just yet I can't say that it's a disaster.

So we don't want one of the potential.

Affects that it could happen.

Well.

I'm hearing.

All sorts of things from from.

Friends who are in business from my business from our perspective -- security firm and we protect -- -- pretty young.

Sensitive infrastructure so -- won't affect us -- for the most part.

But those inside the building those government employees that we protect.

There's talk of of of layoffs and furloughs and there's the hamburger guard guy across the street doesn't mean there's just an enormous.

Affect a potential effect.

I don't think that anything will happen tomorrow.

But we're talking maybe weeks down the road this thing doesn't get straight around quick.

There's going to be some devastating.

A fix on the community.

So and so what you what your exit what you say Greg is that that sort of domino affect all of if a bunch of government workers get furloughed.

Then they won't go and -- to buy their lunch they might sort of not have their lawns mowed so -- it all has -- trickle down effect and that's sort of domino effect on people.

Absolutely they won't be shopping.

They won't be.

Getting going to the cleaners I mean these at the -- I'm talking some of these the government works may get cut as much as 20% from.

Who can sustain themselves it on their current income and you lose 20% of it.

That's that's a heck of -- a magnitude in that the ripple that'll happen throughout this country if we again.

I have faith in our government.

And I know it it's at the last hour beyond the last hour to have faith but I have faith that they'll put this thing together.

But if they don't do this will hurt the whole country this'll this'll set us back.

Quite a bit.

What you while one of those who does have faith -- that we gonna avert this black.

I am I am -- -- a man of eternal optimism.

After a while up.

I wish I shed your optimism but I'm grateful that we have at least one optimistic voice on the show Greg -- who -- president.

And CEO of trinity protection services -- protection.

Dot com there is that website on the screen run -- Greg -- a sudden they're very good to see -- -- and I hope that your optimism proves to me.

Be correct outlook thanks very much indeed.

Nice to see you all right.

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