Statement by Marion C. Blakey, President of the Aerospace Industries Association, on discussion of sequestration during the final Presidential Debate:
Arlington, Va. – “It’s good to see basic agreement between the candidates on the need to find an alternative to sequestration budget cuts that will compromise U.S. national security and put millions of Americans out of work beginning in just 71 days. We need to find a solution immediately."
“Turning our backs as we hurtle toward the “fiscal cliff” will only assure that our country’s economy will plunge into recession, while ignoring the needs of the warfighter who is the tip of the spear when foreign policy is challenged abroad. We can’t balance the budget on the backs of our military, and yet more cuts to defense investment will erode our security and undercut one of the last bastions of American manufacturing strength.”
“While President Obama and Governor Romney disagree on their approach to deficit reduction, the fact remains that sequestration would be a serious mistake. Regardless of the winner in November’s election, America loses if sequestration isn’t fixed. Congress must act quickly in the lame duck session to stop this impending crisis.”