Newport News Shipbuilding
Newport News, Virginia
1:23 P.M. EST
THE PRESIDENT: Hello, Newport News! (Applause.) Well, it is good to see all of you here today.
I want to thank your CEO, Mike Petters, for showing me around. I usually don’t get a chance to hang out with nuclear submarines, especially submarines that my wife has sponsored. (Applause.) So right there, that was worth the trip.
But most importantly, it’s a great chance to see the incredible men and women who, every single day, are helping to keep America safe and are just the bedrock of this country’s manufacturing base. Thank you to all of you. (Applause.)
I want to thank our outstanding Secretary of the Navy, Ray Mabus, who’s here. (Applause.) There he is right there — the good-looking guy over at the end. (Laughter.) I want to thank your Mayor, McKinley Price, who served this nation bravely in the U.S. Army. (Applause.) I want to thank two outstanding Congressmen who care about this facility, care about Virginia and care about the country — Congressman Bobby Scott is here — (applause) — and Congressman Scott Rigell is here as well. (Applause.)
Now, the reason I came here today, in addition to seeing just some incredible stuff — it’s true, every time I come to these places, I don't know how you all do it. It is just amazing work. But the main reason I'm here is to call attention to the important work that you’re doing on behalf of the nation’s defense, and to let the American people know that this work, along with hundreds of thousands of jobs, are currently in jeopardy because of politics in Washington.
In a few days, Congress might allow a series of immediate, painful, arbitrary budget cuts to take place — known in Washington as the sequester. Now, that's a pretty bad name — sequester. But the effects are even worse than the name. Instead of cutting out the government spending we don’t need — wasteful programs that don't work, special interest tax loopholes and tax breaks — what the sequester does is it uses a meat cleaver approach to gut critical investments in things like education and national security and lifesaving medical research.
And the impact of this policy won’t be felt overnight, but it will be real. The sequester will weaken America’s economic recovery. It will weaken our military readiness. And it will weaken the basic services that the American people depend on every single day.
Already, the uncertainty around these cuts is having an effect. Companies are starting to prepare for layoff notices. Families are preparing to cut back on expenses. And the longer these cuts are in place, the greater the damage.
So here at Newport News Shipbuilding, you guys have made an enormous investment, because we've said in order to maintain the finest Navy that the …read more
Source: FULL ARTICLE at The White House Press Office