Colorado
Defense Breakdown Economic Impact Report
By Place of Performance Data -- Sorted by Contracting Office
(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 Colorado 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 Colorado 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 | County | Contract Year | Gco | $ Amount | Reduction by 9.0% | Reduction by 18.0% | Colorado | Eagle | 2011 | HQ CPSG/RMK | $25,685 | -$2,312 | -$4,623 |
Colorado | Eagle | 2011 | National Guard Bureau, Cntrctng | $749,077 | -$67,417 | -$134,834 |
Colorado | Eagle | 2011 | Space and Naval Warfare Systems | $10,761 | -$968 | -$1,937 |
Colorado | Eagle | 2011 | USA Engineer District ST Paul | $9,659 | -$869 | -$1,739 |
Colorado | Eagle | 2011 | USA Engineer Div Huntsville | $126,700 | -$11,403 | -$22,806 |
Colorado | Eagle | 2011 | USPFO for Colorado | $33,722,170 | -$3,034,995 | -$6,069,991 |
Colorado | Eagle | 2011 | USPFO for Nevada | $2,809 | -$253 | -$506 |
Colorado | Eagle | 2011 | USPFO for Tennessee | $4,195 | -$378 | -$755 |
TOTAL | | | | $34,651,056 | -$3,118,595 | -$6,237,191 |
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 00:50:11 www.forthecommondefense.org