Oklahoma
Defense Breakdown Economic Impact Report
By Place of Performance Data -- Sorted by Product or Service
(FY 2011 Defense Contracts Baseline Data)
Includes Estimated 9% Annual Budget Reduction
And
Estimated 18% Sequestration Annual Budget Reduction
Starting in FY 2013
Go to www.forthecommondefense.org/reports to view detailed reports on Oklahoma counties, cities, Congressional Districts, industries, small businesses and information on sources and methodology.
BACKGROUND ON THE DEFENSE BUDGET CUTS: 2013-2021 - Our military is carrying an unfair burden of deficit cuts. To date our Defense budget has been hit with 50% of deficit reduction - yet it accounts for less than 20% of total federal spending.
- Earlier Budget Cuts: the first 9% Defense Budget Reduction: Defense budgets for 2013-2021 were cut $487 billion -- an average 9% cut over 9 years. In 2012, President Obama limited U.S. military capability to fighting one "regional conflict" and one "holding action."
- Sequestration Budget Cuts: the second 9% Defense Budget Reduction: "Sequestration," also required by law in 2011, mandates $500 billion more in 2013-2021 defense cuts -- an average total 18% cut. In 2011 President Obama said "I will veto any effort to get rid of those automatic spending cuts."
- Alternative solutions have been proposed to maintain a strong defense, reduce our deficit and avoid tax increases: Elected officials have proposed that the President and Congress reduce mandatory entitlement spending and make cuts in the non-security programs in the Federal budget.
- Be Prepared: These reports show how estimates of 2013 defense budget reductions of 9% and 18% could affect Oklahoma with cuts in defense jobs and businesses. Ask your elected officials for ongoing updates on how these defense cuts will affect your community.
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State | City | Contract Year | Product or Service | $ Amount | Reduction by 9.0% | Reduction by 18.0% | Oklahoma | Seminole | 2011 | ACFT Maint & Repair Shop Specilized Equip | $39,147 | -$3,523 | -$7,046 |
Oklahoma | Seminole | 2011 | Aircraft AC, Heating, And Pressurizing Equipment | $111,551 | -$10,040 | -$20,079 |
Oklahoma | Seminole | 2011 | Centrifugals, Separators, And Press and Vac Filt | $4,090 | -$368 | -$736 |
Oklahoma | Seminole | 2011 | Electrical Control Equipment | $96,364 | -$8,673 | -$17,346 |
Oklahoma | Seminole | 2011 | Electrical Hardware and Supplies | $7,200 | -$648 | -$1,296 |
Oklahoma | Seminole | 2011 | Household Furniture | $9,240 | -$832 | -$1,663 |
Oklahoma | Seminole | 2011 | Miscellaneous Hardware | $657 | -$59 | -$118 |
Oklahoma | Seminole | 2011 | Refrigeration and Air Conditioning Comps | $321,023 | -$28,892 | -$57,784 |
Oklahoma | Seminole | 2011 | Signs, Advertizing Displays, And Ident Plates | $22,500 | -$2,025 | -$4,050 |
Oklahoma | Seminole | 2011 | Valves, Nonpowered | $3,297 | -$297 | -$593 |
TOTAL | | | | $615,069 | -$55,357 | -$110,711 |
Data sources and more data available at www.governmentcontractswon.com, compiled from public data at www.fpds.gov
Created by the Center for Security Policy
Defense Breakdown Economic Impact Report Generator (v.2.7.0-PoP) February 21, 2013 01:32:45 www.forthecommondefense.org