Before meeting with his Cabinet today to discuss rebuilding the economy and putting Americans back to work, President Obama spoke about the impact Congressional inaction is having on our country's bottom line. The President addressed the stalemate over extending the Federal Aviation Administration's authority, which is leaving an estimated 70,000 construction and related workers and 4,000 FAA employees out of work:
A good example of how undone work here in Washington can have an adverse impact on that economy is what’s going on with the Federal Aviation Administration. And I’m going to be hearing from Ray LaHood about the situation that is looming as a consequence of Congress not acting. Some of you may be aware of the fact that the FAA routinely gets its authorities extended through Congress; it’s happened 20 times since 2007. This time, Congress has decided to play some politics with it. And as a consequence, they left town without getting this extension done.
Here is what this means -- thousands of FAA workers being furloughed, including safety inspectors. It also means projects all across the country involving tens of thousands of construction workers being suspended, because Congress didn’t get its work done. And that means folks who are on construction sites, doing work and bringing home a paycheck, now potentially find themselves going home without one, and important projects all across the country are left undone.
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