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 […]

Editorial: Risk-takers should suffer consequences

The city of Galveston, Texas, has asked Congress for $2.2 billion to repair hurricane damage to the island city’s port, rebuild infrastructure and housing, restore beaches and give grants to small businesses. It has become traditional, of course, for Congress to appear generous in such instances by appropriating large sums of other peoples’ money in […]

Editorial: Bush plays losing hand with Russia

President Bush has proposed sending $1 billion in economic and humanitarian aid to Georgia to help that small country on Russia’s border rebuild after its disastrous war with Russia last month. Bush’s gesture indicates a certain amount of bravado and a commendable fellow feeling for a country his administration has encouraged. But it doesn’t suggest […]

BNSF Railway earnings

By Sarah Meyer, Freedom New Mexico BNSF Railway is doing well even as the national economy is stumbling. The company reported record earnings per share, revenues and operating income for the fourth quarter of 2007, and record annual revenues for five consecutive years despite a soft economy, Matthew K. Rose, BNSF chairman, president and corporate […]

Some uncertain economic stimulus package would help

By Kevin Wilson: Freedom New Mexico It’s still up in the air whether the United States is heading for a recession. Likewise, it’s in the air if rumored stimulus packages would do anything to slow or stop one. President Bush on Friday pushed for an economic stimulus package, consisting of as much as $150 billion […]

Petty maneuvering delaying budget for fiscal year

If your family or business operated this way it would soon be shunned by creditors and suppliers. But the U.S. government operated without a budget for this fiscal year, which began Oct. 1, until now, thanks to petty and sometimes incompetent maneuvering. But this institution that can’t keep its own house in order has no […]

Congress approves spending proposal

By Andrew Taylor: The Associated Press WASHINGTON — Ending dual spending battles with President Bush, the Democratic-controlled Congress passed a $555 billion bill Wednesday that funds the Iraq war well into next year and government agencies through September. Bush was expected soon to sign the measure, which includes $70 billion for military operations in Iraq […]

Bush approves Cannon funds

Staff and wire reports President Bush on Tuesday signed an increase in the Pentagon’s non-war budget that includes funding for the purchase of five CV-22 Ospreys destined for Cannon Air Force Base, according to Air Force Special Operations officials. Authorized was $453.7 million for the Air Force purchase of V-22 Ospreys, and $238 million for […]

Special operations gets funding in Pentagon non-war budget

Staff and wire reports WASHINGTON — Congress approved a big boost in the Pentagon’s non-war budget late Thursday. The budget includes money for Air Force Special Operations to modify CV-22 Ospreys and other funding that will boost several programs in eastern New Mexico, according to a press release from U.S. Sen. Pete Domenici, R-N.M. Cannon […]

Senate endorses raise for military

By Sharna Johnson: Freedom Newspapers An endorsement from a Senate panel Tuesday could mean a 3.5 percent pay raise for military members and civilian Department of Defense employees. The pay raise exceeds the 3 percent recommended by President Bush. “It’s a very good pay raise considering the circumstances and what’s happening right now,” military spouse […]