Bennet Releases Colorado County-by-County Report on Potential Effect of U.S. Default

Colorado Received Over $47 Billion in Retirement, Disability, Medicare and Other Federal Payments in 2009

Washington, DC – Colorado U.S. Senator Michael Bennet released a Colorado county-by-county report detailing the potential impact of defaulting on our nation’s debt.  If the debt limit is not extended, the revenue coming into the government will not be enough to cover its obligations—risking the disruption of at least some government services including Social Security, Medicare, Medicaid, veteran’s benefits, military payments, student loan payments and many others. 

“Failing to extend the debt limit is not like a family cutting up their credit card to reduce spending.  It is more like a family deciding not to pay its mortgage, utility bill or other debt that it already incurred.  In this case, the obligations are promises Congress has made,” Bennet said.  “If the debt limit is not addressed, it will have real and painful effects for Colorado families, the country and our economy.”

A disruption in Social Security benefits would affect more than 54 million Americans nationally, including 693,341 in Colorado, while a disruption in Medicare benefits would affect more than 45 million Americans, including 597,989 Coloradans.  In our military community, 22.5 million veterans across the country, including 421,342 in Colorado, would be at risk of having their benefits disrupted. Among the more than 204,000 active duty troops who may stop receiving payments for their service, 7,411 reside in Colorado. (All Colorado figures as of 2009.)

The federal government contributed $3.2 trillion to local communities’ economies across the country in fiscal year 2009. These investments include Social Security, Medicare and grants to local and state governments for law enforcement, transportation and other investments critical to communities.  Without these resources, states and localities may be forced to raise property taxes on families, who would already be facing additional burdens as their benefits disappeared. 

Below are details on federal expenditures (in thousands dollars) by Colorado county.

COUNTY

Total Federal Expenditures

($)

Federal Retirement and Disability Payments

($)

Medicare and Other Direct Payments*

($)

Grants to State and Local Gov’t

($)

Federal Purchases of Goods and Services

($)

Adams

1,981,676

732,721

462,446

336,143

103,687

Alamosa

134,642

38,858

32,952

47,841

3,644

Arapahoe

4,777,389

1,550,497

469,885

678,303

1,725,246

Archuleta

64,938

42,999

7,382

10,745

658

Baca

118,973

14,847

71,971

29,713

336

Bent

54,103

22,924

15,236

12,974

422

Boulder

2,671,743

715,322

278,389

789,547

626,086

Broomfield

27,335

6,689

1,459

1,558

16,679

Chaffee

118,236

65,134

22,247

23,555

1,246

Cheyenne

58,425

4,762

29,718

4,447

182

Clear Creek

44,589

22,780

7,107

11,331

747

Conejos

77,164

21,614

15,889

36,008

645

Costilla

47,636

15,369

8,938

22,192

220

Crowley

32,228

13,987

9,036

7,757

308

Custer

30,555

20,736

4,118

3,118

1,394

Delta

249,905

115,493

59,193

52,764

9,439

Denver

8,571,466

1,486,013

1,499,356

3,491,616

1,010,332

Dolores

16,084

7,363

4,594

2,898

325

Douglas

1,521,560

335,299

37,134

139,623

991,952

Eagle

114,802

49,116

9,658

36,076

7,100

Elbert

80,099

55,263

16,570

5,048

617

El Paso

9,118,013

2,053,776

655,212

55,139

2,000

Fremont

366,458

173,037

66,212

55,139

2,000

Garfield

226,098

96,514

41,046

62,608

4,068

Gilpin

20,061

12,043

1,792

5,183

225

Grand

59,524

27,860

11,509

12,868

327

Gunnison

94,262

22,291

10,005

7,565

46,093

Hinsdale

4,398

2,647

704

648

207

Huerfano

83,048

32,280

22,942

26,080

545

Jackson

17,592

4,359

1,625

6,328

3008

Jefferson

5,733,810

1,249,611

515,808

304,281

2,905,243

Kiowa

39,300

4,686

30,988

1,963

259

Kit Carson

106,596

20,410

65,369

17,435

609

Lake

28,699

12,479

7,049

5,107

327

La Plata

289,892

121,334

55,244

78,155

8,900

Larimer

1,723,569

701,187

284,994

396,451

137,272

Las Animas

169,727

59,258

38,050

67,250

1,048

Lincoln

68,559

13,048

32,363

20,670

490

Logan

142,536

54,527

57,215

23,278

1,249

Mesa

946,934

462,479

195,047

147,745

45,058

Mineral

13,560

2,994

591

9,870

-

Moffat

69,146

29,902

18,738

8,802

1,765

Montezuma

212,297

83,479

61,227

39,514

9,207

Montrose

287,548

141,734

53,649

38,319

31,169

Morgan

169,270

63,171

63,331

32,081

1,287

Otero

214,706

78,627

56,429

68,555

2,775

Ouray

18,062

12,560

3,193

979

205

Park

60,643

44,326

6,398

4,888

1,081

Phillips

50,141

13,355

28,954

6,002

395

Pitkin

45,809

22,541

5,873

9,208

1,843

Prowers

111,293

33,080

49,518

25,378

605

Pueblo

1,331,823

572,138

314,468

332,562

40,296

Rio Blanco

59,197

14,550

23,827

15,725

488

Rio Grande

103,951

39,735

24,413

30,674

2,511

Routt

74,233

36,466

12,732

9,425

8,900

Saguache

54,034

15,993

15,860

19,468

318

San Juan

9,576

1,594

3,071

4,526

73

San Miguel

53,221

8681

3,245

37,237

1,109

Sedgwick

52,219

10,155

17,912

22,417

308

Summit

80,964

39,291

5,347

29,666

3,175

Teller

123,091

86,644

23,017

5,771

4,356

Washington

64,954

13,418

41,410

6,556

494

Weld

1,468,125

446,354

241,565

218,883

509,068

Yuma

149,887

63,743

61,656

20,072

759

TOTAL

47,805,844

12,340,929

8,643,694

8,853,610

11,123,042

* Payments to individuals, firms and organizations, excluding retirement and disability – Includes Medicare payments. 

Methodology: All data obtained from http://www.census.gov/prod/2010pubs/cffr-09.pdf - Table 15