Super Committee Failure Could Hurt N.M.

From capitolreportnewmexico.com -The failure of the so-called Super Committe to agree on deficit reductions isn’t just making news in Washington. “I don’t see any sudden change in spending,” state Sen. John Arthur Smith (D-Deming) told Capitol Report New Mexico in an interview just moments after Democrats and Republicans in Washington announced they were giving up on bi-partisan negotiations. “They’re letting off the accelerator on spending. But the long-term results I think are going to be quite damaging to the state of New Mexico.” By not reaching an agreement on at least $1.2 trillion in deficit cuts, the committee leaves in place automatic reductions to the military that Defense Secretary Leon Panetta described Monday (Nov. 21) as “devastating, automatic, across-the-board cuts that will tear a seam in the nation’s defense.”  More News New Mexico

Super Committee Failure Could Hurt N.M.