A renowned economist is relaxing her predictions somewhat about the effects of federal sequestration on Virginia and now sees a reason for some optimism. Chris Chmura says although the impact of the cuts will still hurt the Commonwealth more than most states, she expects there will be some modest job growth.
Sixty-five years ago, ‘The Marshall Plan’ for reviving Europe’s economy after World War II, changed the course of history. As Secretary of State after the war, General George Marshall conceived the plan in the wake of the devastation of World War Two. The plan resides here in Virginia and is still studied by leaders and scholars from all over the world.
While other states with a high military presence brace for the effects of sequestration, Virginia leaders are preparing for a double whammy with the possibility of another Base Realignment and Closure of key facilities.