Current Weather
The Spy FM

For The Aerospace Industry ‘Fiscal Cliff’ Represents A Red Alert

Filed by KOSU News in Business.
December 5, 2012

It’s red alert time for aerospace industry executives, workers and contractors.

As they mingled today at the Aerospace Industries Association’s annual Year-End Outlook luncheon at a Washington Grand Hyatt, the bright red electronic digits kept counting down for them.

The ever-changing figures on the large digital clock, set up on the ballroom stage, reminded the roughly 300 luncheon participants of the time left before they feel the effects of massive, automatic cuts in government spending.

“Stop the clock,” said a sign above the digits.

As silver forks started to pick at green salads, the clock’s countdown digits read: “27 days 11 hours 10 minutes 5 seconds.”

Aerospace workers may be facing huge layoffs if planned federal spending cuts go forward under a legal process known as sequestration. The cuts, including roughly $54 billion for U.S. national security spending, will commence in the new year unless Congress stops them during the complicated negotiations in progress on Capitol Hill.

Defense budgeting should not be reduced to a mere “political bargaining chip,” AIA President and CEO Marion Blakey said. Her scarlet suit matched the red digits as she stood along side the countdown clock.

“It is far too easy to conclude that the companies, workers and communities that comprise this industry can withstand anything; that they can adapt to any change, no matter how sudden or harmful,” she said.

Blakey labeled herself an optimist who believes Congress will solve this fiscal crisis and block the drastic cuts now set on autopilot. But even so, the “fiscal cliff” drama already has harmed her industry, and the nation, she says.

“What message did sequestration telegraph to the world about our country, our commitment to national security, our commitment to economic prosperity and our commitment to the next generation of defense and aerospace innovation?” she asked. [Copyright 2012 National Public Radio]

Leave a Reply

9PM to 12AM The Night Shift

The Night Shift

All of our hosts live and breathe the lifestyle of their music genre, but none define it like David Goad, host of the Darkwave show, The Night Shift. He has a degree in guitar performance from the Academy of Contemporary Music at the University of Central Oklahoma and is the lead vocalist for two bands, Of the Tower and Kali Ra.

Listen Live Now!

12AM to 5AM The Spy

The Spy

An eclectic mix of the Spy's library of more than 10,000 songs curated by Ferris O'Brien.

View the program guide!

Upcoming Events in your area (Submit your event today!)

Streaming audio and podcasts

Stream KOSU on your smartphone

Phone Streaming

SmartPhone listening options on this page are intended for many iPhones, Blackberries, etc. with low-cost software applications available to listen to our full-time web streams, both News on KOSU-1 and Classical on KOSU-2.

Learn more about our complete range of streaming services

We're perfecting the patient experience - Stillwater Medical Center