Federal debt must be cut smart way

Freedom New Mexico President Obama said Monday during a White House press conference that he would not consider stopgap measures to temporarily avert the debt-ceiling crisis, saying “that is just not an acceptable approach.” Speaker John Boehner says he agrees with President Obama that the nation’s borrowing limit must be raised, to avoid a government […]

Press release: Udall talks natural gas, debt limit

WASHINGTON – U.S. Senator Tom Udall talked with radio reporters today about a bipartisan bill he plans to introduce this week that will make it easier for independent producers to sell natural gas as vehicle fuel. He also answered questions on the debt limit discussions in Congress and highlighted the heroism of Army Ranger Leroy […]

Press release: Bingaman talks debt negotiations

WASHINGTON – U.S. Senator Jeff Bingaman today talked with New Mexico radio reporters about the ongoing debt negotiations. Bingaman’s remarks can be retrieved by going to his website or clicking on the following link: http://bingaman.senate.gov/mediaasset/bingaman071111m.mp3 00:00 – Bingaman gives a brief overview of the Energy Committee’s scheduled for the week. 02:27 – Bingaman comments on […]

Trim budget starts with ending wars

Freedom New Mexico As the U.S. Congress haggles over raising the debt ceiling, it needs to look behind the figures. Yes, the overall numbers are staggering. The U.S. government has run up so much debt that it soon will surpass the current legal debt limit of $14.3 trillion. That’s $14,300,000,000,000.00. The budget deficit for the […]

Deep in debt paying parental dues

There are some things about parenthood that no matter how many people warn you it won’t make sense until you’re there in the moment living it for yourself. My oldest son is very quick on his feet. He has an answer for everything, an excuse ready at all times. I am a firm believer that […]

Tax cuts for rich huge part of national debt

Your recent editorial suggesting the November election should invigorate Washington advocates the extension of Bush’s tax cuts for the rich, repealing the health care reform and underfunding or eliminating a “few” vulnerable federal agencies. The editorial says Bush’s tax cuts should be extended. The tax cuts for the rich are a HUGE part of our […]

Debt panel takes aim at military

Tom Philpott Military members and retirees have more financial darts to dodge after a second bipartisan task force on reducing the nation’s debt unveiled a different set of cost-cutting recommendations on Wednesday. The Debt Reduction Task Force, co-chaired by former Republican Sen. Pete Domenici and economist Alice Rivlin, takes sharper aim at the military community […]

Congress setting debt limit pointless

Freedom New Mexico It’s almost enough to make you wonder why Congress, in a show of ersatz fiscal responsibility, bothers to set a limit to the national debt at all. But back in more innocent days — 1917, with the passage of a second war bonds act — Congress had the na

Throwing cash at problems not solution

Freedom New Mexico The Senate is facing the politically uncomfortable prospect of raising the limit on the national debt — again — to somewhere north of $13 trillion. Senate Democrats are seeking a way to fold the admission of fiscal malpractice into some larger spending bill, hoping it won’t be noticed — and exploited politically. […]

North Plains parent company files bankruptcy

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File photo Staff and wire reports LOS ANGELES – The nation’s second-largest shopping mall owner, including Clovis’ North Plains Mall, filed for Chapter 11 bankruptcy protection Thursday in a tough bargaining move to restructure its $27 billion in debt. Shoppers at its malls will not be affected by its bankruptcy filing, according to General Growth […]