Regional
12:55 pm
Thu September 2, 2010

Domenici Warns About Federal Debt At Las Cruces Event

Las Cruces – Warning of serious consequences if no action is taken, former Sen. Pete Domenici says it's time to resolve the federal government's huge debt.

The 78-year-old Domenici, who retired in 2009, spoke Wednesday at a public policy conference at New Mexico State University.

Domenici says continued federal debt could cause the United States to "cease to be a powerful force in the world." He says children who were promised a great life would probably have "a second-rate standard of living" because the country is getting poorer.

Domenici fielded questions from former ABC newsman Sam Donaldson. Domenici says he's working as part of a bipartisan think tank panel in Washington, D.C., that will release a plan in upcoming months to address the debt problem.

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Information from: Las Cruces Sun-News, http://www.lcsun-news.com

Copyright 2010 The Associated Press.