NEW MEXICO COULD GO INTO ANOTHER RECESSION IF THE GOVERNMENT SHUTDOWN LASTS A LONG TIME. THAT FROM NEW MEXICO STATE UNIVERSITY ECONOMICS PROFESSOR CHRIS ERICKSON, WHO TELLS US A LENGTHY SHUTDOWN WOULD EFFECT MORE THAN JUST FEDERAL WORKERS IN THE STATE.
ERICKSON SAYS WE'LL SEE CUTBACKS ON RESEARCH AT UNIVERSITIES AND PROGRAMS THAT ARE FULLY OR PARTIALLY FUNDED BY THE GOVERNMENT, AND CONTRACTORS LAYING OFF WORKERS BECAUSE THEY WON'T GET PAYMENTS FROM THE FEDERAL GOVERNMENT.
ERICKSON SAYS IF THE SHUTDOWN LASTS MORE THAN A COUPLE OF WEEKS, GOVERNMENT WORKERS WILL HAVE TO CUT BACK ON DISCRETIONARY SPENDING…AND THAT WILL EFFECT THE ENTIRE ECONOMY OF THE STATE.
