I received word from several long-established recovery programs today that they expect to be out of business within days, weeks, or months as a result of these funds being pulled.
The damage being done here will be long lasting, not only due to the employees and clients impacted, but due to the impact on the broader business environment as well.
Until now, the government was viewed as a reliable business partner in these industries, and it definitely won't be viewed that way going forward: the chill on investment will be felt for many years to come.
In some ways, I'm starting to view this and related executive funding cuts as a sort of miniature debt default.
