Claremore Daily Progress

Business

October 17, 2012

Inhofe visits Pelco, AXH

Praises local manufacturing, prepares for lame duck session

CLAREMORE — Sen. James Inhofe stopped into Claremore Wednesday to visit a few different manufacturing sites including Pelco Structural and AXH air coolers.

“I enjoy traveling around the state, heard about this operation and thought, I want to see this,” Inhofe said. 
Inhole voiced an interest in the unique operations that local manufactures use and the success it has brought to the area.
“This is what we want in Oklahoma,” he said. 
Inhofe also highlighted a new bill, SB 3473, the Stop Sequestration Act of 2012. 
Sequestration is the action of taking legal possession of assets until a debt has been paid.
It stems from the Budget Control Act of 2011 and is scheduled to begin in January 2013.
The Budget Control Act will trigger $1.2 trillion in automatic budget cuts.
Inhofe is working to stop the potentially devastating cuts to the military and the economic impact the cuts would hold across the board.
His goal is to pass the Stop Sequestration Act of 2012 before the cuts could go into effect eliminating the long-term effects of sequestration.
It will permanently repeal the  $1.2 trillion in automatic sequestration spending cuts and will increase defense spending by $1.36 trillion over 10 years, bringing the total to four percent of the gross domestic profit, GDP, according to Inholfe.
The bill will be paid for by reforming mandatory entitlement programs like Medicaid and Food Stamps, and by returning non-security discretionary spending to 2006 levels.
It will do more than what is required and rebuild our military at the same time,” Inhofe said.
“The bill completely undoes the $487 billion in defense cuts that the President has already done, and it takes defense spending back the necessary levels,” Inhofe said.
A key point to know is that under sequestration, the U.S. would have the smallest ground forces since 1940, according to Inhofe. President Barrack Obama has made already made a number of cuts to the military and Oklahoma could lose up to 16,000 jobs, if military personnel are included.
This would mean a total economic impact of $1.5 billion to the state of Oklahoma, according to Inhofe.
Tinker Air Force Base and other operations in the state would be cut including approximately 600 positions, he added.

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