AUGUSTA — As Congress remains divided on how to avoid a default by raising the government’s borrowing limit, Maine’s treasurer is unsure of the impact in the state.
Treasurer Bruce Poliquin tells WAGM-TV in Presque Isle that he doesn’t know if Maine services will be affected if the federal government defaults on interest owed on money it’s borrowed. But he says there would be no immediate impact on state services.
The treasurer says the federal government would have to decide whether spending on education, welfare and other state programs are priorities, but he’s hopeful the state will be OK.
Poliquin says it’s clear Congress cannot control its spending as nearly all states must through balanced budget amendments, and he supports the same thing at the national level.
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