Foreclosures Hurting Spy Community

September 29, 2010 RSS Feed Print
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Since the country's housing market plunged off a cliff two years ago, "debt resulting from job losses and home foreclosures have had a devastating effect on people holding national security clearances," contends Virginia-based national security attorney Sheldon Cohen, who compiled data released by the Department of Defense Office of Hearings and Appeals. It's the only one of the country's 11 clearance boards that makes data available to the public. The total numbers are secret but, based on his research, foreclosures "more than any other factor today, [are] causing the revocation or denial of security clearances, resulting in the loss of good paying jobs, and putting skilled workers further and further behind in their effort to dig out of debt."

Tags:
Department of Defense,
foreclosures,
housing market,
housing

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I recently was laid off and am looking at having to file bankruptcy in Q1 of 2011. I have held a Top Secret clearance in the recent past, having been cleared off/on since 1983. If we are forced to file bankruptcy, an MAJOR sector of the job market will be closed to me, as 90% of my experience is in government contracting. Our government is creating a situation where thousands of good people, who would otherwise be cleared, will be further decimated by this economy.

CW of KS 3:46PM September 29, 2010

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