Uncertainty over sequestration needs to end

Oct. 19, 2012

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Employers across the country are increasingly concerned about the massive cuts to defense and other programs set to occur this coming January. By now, the dire consequences seem fairly well understood: an estimated 2.14 million American jobs will be lost and $215 billion slashed from U.S. GDP in 2013, dragging us back into another recession. And most costly of all &ndash; experts say that the indiscriminate cuts to our armed forces will undermine readiness and expose our troops to new dangers during time of war.</p>
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This should be reason enough to compel…

Industry, Labor, and Small Businesses to Schieffer: Include Sequestration in Presidential Debate

Oct. 19, 2012

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Arlington, Va. – The Aerospace and Defense Industry and the International Association of Machinists and Aerospace workers joined together today to call on debate moderator Bob Schieffer to include the issue of sequestration budget cuts in Monday's presidential debate.

“Sequestration would be a disaster for our national security,” AIA President Marion Blakey and IAMAW International President Tom Buffenbarger explained.  “It’s not simply a question of troop cuts or military procurement. Those…

Blakey: Sequestration Crisis Should Be Top Priority

Oct. 16, 2012

Statement by Marion C. Blakey, President of the Aerospace Industries Association, on discussion of sequestration during the second Presidential Debate:

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Arlington, Va. – “It’s a shame that tonight’s debate didn’t address the 800 lb. gorilla in the room in today’s politics – the upcoming “fiscal cliff” and sequestration cuts that will together plunge our economy into recession and threaten our national security.”

“Both campaigns have public positions…

It’s like a hurricane on the way: Automatic defense cuts loom Jan. 2

Oct. 16, 2012

Predicting the fallout from defense budget sequestration is like trying to anticipate the damage as a hurricane barrels toward shore. We know it will be devastating and the long-term damage will be severe, but no one can say exactly where the havoc will be greatest or how complete the destruction will be.

With hurricanes, that uncertainty makes it hard to convince people to evacuate or make costly preparations against a danger that may or may not end up at their door. With sequestration, it makes it hard to break through the inertia and gridlock that plagues…

Small businesses at risk of fallout from ‘fiscal cliff’

Oct. 16, 2012

The very small businesses that contribute greatly to America’s national security and economic dynamism are among the entities most at risk from the “fiscal cliff” facing our nation in January.

Given small businesses’ role in providing key services and products to the Defense Department, Federal Aviation Administration, NASA, the National Oceanic and Atmospheric Administration and the rest of the federal government, it should come as no surprise that $1 trillion in sequestration budget cuts over a nine-year period — $110 billion in 2013 — will dramatically affect smaller companies.

George Mason University economist Stephen Fuller…