Tax reform, cuts would provide economic push

Freedom Newspapers Tax reform is in the air. One proposal floating around is to eliminate or reduce the tax deduction for home mortgage interest. About 35 million homeowners use the deduction to reduce their yearly tax bills. The total deduction amounts to about $131 billion a year. During the recent wrangling in Washington over the […]

Small Texas schools bracing for education cuts

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Liliana Castillo With a $27 billion shortfall expected in Texas’ budget for the next two years, educators in the Lone Star State are just waiting on the final word on how deep the cuts will be. Gene Sheets, Muleshoe Independent School District superintendent and president of the Texas Association of Rural Schools, said educators are […]

Ramadan time for deepening Muslim faith

Freedom New Mexico More than 1 billion Muslims around the world have begun the observance of Ramadan, the month of fasting. It is believed that during Ramadan, the ninth month of the Muslim calendar, the Angel Gabriel began delivering the Quran, which was later transcribed into writing, to the Prophet Muhammad. During Ramadan observant Muslims […]

Catholic Church should revert to its teachings

Freedom New Mexico The best public relations campaigns are based in selfless compassion, truth and transparency. As a human organization with more than 1 billion members, the Catholic Church has an abundance of internal scandals in need of good PR. Pedophiles and pederasts have joined the priesthood and abused children, just as predators have become […]

Opinions mixed on new student loan law

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CNJ staff photo: Tony Bullocks Nicole Johnson of Clovis, a student at Clovis Community College, plans on going into the nursing program and will be using student aid and financial assistance to help her through school. By Clarence Plank: Freedom New Mexico A new law was signed Tuesday gives students a break with more money […]

Loaning tax dollars to fund reactors risky

Freedom New Mexico President Barack Obama has announced that the government will offer an $8.3 billion loan guarantee to help Atlanta-based Southern Co., one of the largest producers of electricity in the United States, build two more nuclear reactors at its Vogtle plant near Augusta, Ga. The guarantee would cover about 70 percent of the […]

DoD pulls plug on records system

By Tom Philpott: CNJ columnist After spending $1 billion and 12 years of effort, Defense officials have pulled the plug on a hapless plan to bring the four military branches under a single, modern payroll and personnel records system. “This program has been a disaster,” Adm. Mike Mullen, chairman of the Joint Chiefs, told the […]

Bank fees will trickle down to consumers

Freedom New Mexico President Barack Obama is said to be considering a special tax (or fee or levy, as some might prefer to disguise it) on financial institutions, though the calculated leaks from the White House suggest the details are still up for grabs. Before he gets much farther it would be a good idea […]

Fed’s claim of job creation poor wording

Freedom New Mexico Washington claims 640,000 to 1.5 million jobs have been created or saved by the $787 billion economic stimulus plan. With only about 15 percent of the money spent so far by those intended to receive it, at this rate America might implausibly end up with more new jobs than available workers. Has […]

Military Update: Disabled retiree money lacking

By Tom Philpott Active duty and reserve component members are closer to landing a 3.4 percent basic pay raise next January, which would be the 11th consecutive annual increase set higher than private sector wage growth. But in approving a $550.4 billion fiscal 2010 defense authorization bill and $130 billion for wartime operations last week, […]

Big government on president’s true agenda

Freedom New Mexico It is almost difficult to parody the incoherence of the Obama stimulus plan and administration statements about the state of the economy in the past couple of days: Although only 6 percent of the $787 billion stimulus package passed in January has been spent, it has done the trick nicely, and the […]

Editorial: Government bullied banks into TARP funds

A few smaller banks have begun to repay money loaned to them under the Troubled Assets Relief Program begun with $700 billion in October when the depth of the financial crisis became apparent, and the government decided some troubled financial institutions were “too big to fail.” But interestingly, repayment is not just a matter of […]

N.M. Senators applaud enactment of American Recovery and Reinvestment act

WASHINGTON – U.S. Senators Jeff Bingaman and Tom Udall today applauded news that President Obama had signed into law an economic recovery package that will send more than $1.6 billion to New Mexico. The American Recovery and Reinvestment Act will send $1.1 billion to the state through formula grants — funds that will flow on […]

Bingaman and Udall: N.M. set to receive $1.108 Billion to create jobs

U.S. Senators Jeff Bingaman and Tom Udall today said New Mexico will receive $1.108 billion from the American Recovery and Reinvestment Act to create 22,000 jobs throughout the state.

Legislators talk with business leaders

By Bob Quick: The Santa Fe New Mexican With a budget deficit of more than half a billion dollars looming over the state, there’s a need to “keep an eye on what’s happening” in Santa Fe during this legislative session, Lt. Gov. Diane Denish told a Tuesday morning gathering of business leaders from around New […]

Jan. 29 Letters to the Editor

Money wasted on big businesses Our government wants to spend $825 billion in taxpayers’ money to “jump start” our lagging economy. I could fill three pages of this paper with stuff I have learned recently about this “bailout, jump start, job creating” plan our Congress and President Obama are trying to force down our collective […]

Only productive people can create stimulus

Freedom New Mexico It has become increasingly clear that the presumed agent of fundamental change in the way Washington does business is firmly committed to the oldest tool in the Washington toolbox: the notion that government, using our money, can spend its way to widespread prosperity. Leave aside the fact that the tax rebate of […]

Administration acts according to own agenda

Freedom New Mexico Apparently a perverse understanding of the meaning of the season got to President Bush as Uncle Santa announced a $13.4 billion loan (and another $4 billion likely early next year) to U.S. automakers General Motors and Chrysler. Even as most Americans are cutting back on the amount of Christmas shopping they’re putting […]

Budget prey to wasteful spending

By Paul Gessing: Guest columnist New Mexico faces a $454 million budget shortfall. For just the third time in 20 years, revenue is expected to decline during the current budget year. Certainly, the ongoing financial crisis and subsequent rapid drop in oil and gas prices are at the heart of the issue, but the good […]

Major lessons to be learned in lending crisis

Freedom New Mexico In the wake of the initial failure of the proposed $700 billion bailout of the