Mainers air concerns on national debt at meeting

3:17 PM, Apr 5, 2013   |    comments
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BANGOR, Maine (NEWS CENTER) --- The United States government is currently running close to $17 trillion in debt. On Friday many people were talking about how to get the country out of it.

The grassroots group 'Fix the Debt Maine' held a meeting in the morning at Husson University. The awareness group is co-chaired by former Maine governor John Baldacci who led the discussion.

Baldacci says the national debt is strangling economic growth in the United States in more ways than one. The group says about $400 billion is added onto it each year in interest payments. Baldacci says budgeting that debt will mean less money for federal programs such as education and defense over the years. It would also bring further increases in interest rates for things like car and home loans.

The former governor says he feels the only way for the nation to climb out of debt is if both Republicans and Democrats in Washington work together.

"When I was in Congress {working with} Bill Clinton and Newt Gingrich..we had a Congress that addressed the debt and deficit," Baldacci said, "and frankly it's part of that experience that leads me to believe that if we can get this package put together in a comprehensive approach and get our debt and deficit on a downward trend then our economy will see a great bump."

The gathering was small at Husson Friday morning but nationally many people are backing 'Fix the Debt'. The group has collected about 250,000 petition signatures across the U.S. 

NEWS CENTER

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