Murkowski addresses joint session of legislature

Feb 21, 2013 -- 11:30am


- JUNEAU, Alaska (AP) - Federal spending and resource development drive much of Alaska's economy but both are threatened as perhaps never before. So says U.S. Sen. Lisa Murkowski. Murkowski, in a joint address to the Alaska Legislature, says years of deficit spending have generated unprecedented debt that jeopardizes the government's ability to meet its obligation. Meanwhile, she says years of government overreach have limited access to resource development, which could help reduce Alaska's reliance on federal funds. Murkowski says spending cuts are unavoidable but the question is how those cuts should be made. She says there must be a balanced approach that includes targeted cuts and a tax-code overhaul. She says Alaska must be prepared for a reduction in federal dollars, prioritize funding requests and evaluate what the state can do on its own.

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