Their view: Debt showdown is dog, pony show

Leon Logan of Tucumcari talks about the ongoing battle to balance the nation’s budget:

Their view: New Mexico’s credit would suffer under debt default

Congressman Ben Ray Luj

Their view: Default on debt would be catastrophic

U.S. Sen. Tom Udall (D-NM) discusses how a default on the nation’s debt would impact New Mexicans: “Failure to extend the debt ceiling would be a real crisis for our state, with every New Mexican paying the price,” Udall said. If the debt ceiling is not raised before the Aug. 2 deadline, federal officials have […]

Social Security won’t be funded by today’s youth

Freedom New Mexico While suffering through this federal debt-limit battle, think about something much more scary. Consider another story this week that relates to the financial crisis. Any tie-in may seem ludicrous, but bear with us. The owner of McDain’s Restaurant in Monroeville, Penn., has banned children under age 6 to protect grumpy adults from […]

Their view: We need debt limit solution, not scare tactics

Congressman Steve Pearce addressed the president’s false claims that he “cannot guarantee” Social Security payments in the absence of a debt ceiling agreement. “The president claimed that ‘there may simply not be money in the coffers,’ to fund Social Security, but this is simply not true,” said Pearce. “The country is still generating revenue, and […]

Debt Dilemma: Interactive media on the federal budget and deficit

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 […]

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 […]

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 […]

Debt can’t be escaped

My favorite place to live in America is California. But don’t get me wrong — one size does not fit all. And how wonderful that is, that people differ so much that they could be quite happy living in very different places. I love this since it helps to confirm my individualist position about human […]