Posted: Jan 7, 2011 10:16 AM by AP
Updated: Jan 7, 2011 12:54 PM
COLORADO SPRINGS, Colo. (AP) - The Pentagon's plans to cut defense spending aren't expected to have a big immediate impact on Colorado Springs.
The Defense Department on Thursday announced a proposal to freeze its growing budget to help the nation reduce its massive deficit. The plan is based on the war in Afghanistan ending on time and Congress agreeing to charge retired military families more for health care.
The Gazette reports that the plan would leave military bases and programs in Colorado Springs intact for the short term. However, the planned post-war downsizing following 2015 could reduce the number of troops in the city.
Defense spending makes up an estimated 40 percent of the area's economy and those dollars have lessened the impact of the recession.