New Hampshire Senator Jeanne Shaheen held a town hall forum Tuesday night in Dover where she discussed many of the important economic issues facing the Seacoast and how to grow the economy. Shaheen was joined by Dover School Superintendent Jean Briggs Badger, as well as other local officials, where she said the key to expanding the state’s economy is through innovation and training, both within the local school systems and through incentives for small businesses who develop new ideas to help the local economy. Shaheen said that New Hampshire typically gets less in school funding from the federal government because of its size, but she has fought to get the state the money it needs through earmarks in the federal budget.
When asked a question from the audience about the automatic $1.2 trillion dollars in budget cuts that are due to take effect at the end of the year, she said Congress needs to act now and address it by not only reducing the budget, but also looking at taxes and increasing federal revenue.
Those cuts, known as sequestration, will be spread across the federal government automatically unless Congress comes to an agreement on how it should make the cuts. Shaheen said that over 5,000 jobs could be lost in the state if the defense budget were to suffer these automatic cuts.