While many people breathed a sigh of relief when Congress pulled the nation back from the so-called “fiscal cliff” at the beginning of the new year, most of those who were following the contretemps didn’t realize it was mainly political theater.
“While we are pleased Congress made some headway on tax elements to avert the fiscal cliff, we are concerned that they could not agree to a long-term solution to fix a problem no serious person wants: sequestration,” said Aerospace Industries Association (AIA) president and CEO Marion Blakey.