Fri, Feb 01, 2013
Blakey: Sequestration Threatens National Security And Country's Economic Health
The contraction of the U.S. economy in the fourth quarter underscores AIA's warning for the past 18 months that severe across the board budget cuts—both to defense and non-defense discretionary spending—threaten to throw the economy into a tailspin. That's the assessment of Aerospace Industries Association president and CEO Marion Blakey (pictured), who said in a statement released Wednesday that it is clear from the Commerce Department report that reduced government spending, primarily in the defense sector, is a major cause for the GDP decline. In July 2011, Congress enacted a cut of $487 billion to the defense budget, resulting in ongoing, significant job losses in the defense sector.
"In less than 30 days, unless Congress and the White House act, sequestration will kick in, leading to higher unemployment, reduced tax revenue and lower consumer spending. This will be the second wave that overwhelms our floundering economic boat, likely sinking us back into a recession," Blakey said in the statement.
Blakey pointed out that as recently as Wednesday, Chuck Hagel, nominee for the position of Defense Secretary, said, "[Sequestration] would harm military readiness and disrupt each and every investment program. I urge Congress to eliminate the sequester threat permanently and pass a balanced deficit-reduction plan."
"Sequestration threatens both America's national security and economic health," she said. "Congress and the White House need to focus on a solution that addresses the deficit problem smartly, through a balanced, bipartisan approach that doesn't cripple our economy and hamstring our national security."
Also: ANN/Airborne's Crystal Ball, Lear70/75 Mexico Cert, Carnegie Mellon's Lunar Rover, Dragon Delays Dassault Aviation rolled back the curtains earlier this week on the ultra-lon>[...]
"We have received extremely positive feedback from our Amadeus A-CDM Portal stakeholders. It is easy to use and enables them to make better decisions that contribute to smoother an>[...]
Estimates An Additional 2 Million Passengers On A Single Runway Assisted By Amadeus A-CDM Portal London Gatwick Airport (LGW) is the first to implement a cloud-based Airport-Collab>[...]
Aero Linx: Christian Pilots Association (CPA) Established in 1972, Christian Pilots Association, (CPA), is a mobilizing service agency dedicated to assisting God's people in fulfil>[...]
Axis A straight line, through the center of gravity, around which an aircraft rotates. For example, an aircraft rolls around its longitudinal axis which is a straight line that run>[...]