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 […]

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. […]

Focus on financial freedom

By Mickey Winfield: PNT Staff Writer Rogers resident Kerry Victor says he’s been successful in helping people get out of debt and manage money better and the course he teaches is back for its third run in Portales to prove it. Victor is bringing Financial Peace University, a 13-week money handling program, to Emmanuel Baptist […]

Airline fears fiscal crash

By Marlena Hartz : Freedom Newspapers Great Lakes Aviation recently settled overdue rent payments with Boeing Capital Corp., but the airline still owes more than $10 million to Raytheon Aircraft Co., according to documents Great Lakes filed with the U.S. Securities and Exchange Commission. Clovis Civil Aviation Board Chairman Roger Hatcher said he does not […]

DeLay legacy already determined despite outcome of legal issues

Editorial Seen from a liberty perspective of the American people, Rep. Tom DeLay’s career was a failure. The Texas Republican, undergoing a trial for alleged ethics violations, announced this week that he would not seek re-election this fall. There’s no doubt Rep. DeLay is a talented, tough political infighter. He is a major reason Republicans […]

Base chapel offers financial peace

By Capt. (Chaplain) Mark McKellen If you are in debt and are having trouble making ends meet, what do you do? Get another credit card? How about attending a program called Financial Peace University? FPU was founded by Dave Ramsey who was a multi-millionaire in his mid-20’s while working in the real estate business. His […]

ENMU uses bonds to upgrade buildings

By Tony Parra: PNT Staff Writer The Eastern New Mexico University representatives are investing in the future of the campus and in the form of building upgrades, courtesy of system revenue bonds. The ENMU Board of Regents approved the issuance of $9.325 million in the issuance of system revenue bonds to renovate the university. ENMU […]

Residents pleased with financial seminar

Darrell Todd Maurina Leigh Ann Melancon and Mary Eldridge have nothing but positive things to say about how the “Conquering Debt God’s Way” seminars have helped their financial situation. Even though Melancon, an assistant finance director for the city of Clovis, has a degree in accounting, she said her academic and professional training didn’t prepare […]

Clovis church helps families with debt problems

Darrell Todd Maurina When Pastor Doug Brooks of Parkland Baptist Church in Clovis thinks of debt, danger comes to mind. “Certainly finances are among the biggest needs that young families face today,” Brooks said. “Credit is easily obtained, good or bad, and it usually puts people in a position where they spend more money than […]