Petraeus: Loans force families apart

Many military homeowners who saw their homes plummet in value in the financial crisis still can’t get relief from “under water” mortgages that leave families owing more to loan servicers than their homes are worth. The situation is especially difficult for the military where families must move every two to four years. Some affected members, [...]

Government creating another energy crisis

Government’s death grip on energy production prevents use of plentiful, affordable resources. Instead, Washington dictates use of hard-to-harness, expensive “alternative” fuels, inadequate to meet ever-growing demand. Alternative energy sources require big taxpayer subsidies and drain money from the economy, where it could be creating jobs and meeting needs without a dime of taxpayer underwriting. Washington’s [...]

Obama forgets lessons from housing crisis

Nearly everyone recognized the obvious steps that had to be taken after 2008’s housing disaster — no more loans to unqualified buyers, no more creative financing, no more packaging for resale of securitized mortgages not worth their face value. Apparently, President Barack Obama already has forgotten. He proposes a housing fix with more problematic government [...]

No easy escape from financial crisis

Tea party conservatives have been told to accept their victory and go home. They really took it to President Barack Obama and all the old liberals in Congress, some contend. “The winner is the tea party,” said conservative commentator Charles Krauthammer on Fox News. “They have changed the debate in the country. I think they [...]

Military digest: Board: Military retirement overly generous

By Tom Philpott Gen. Martin Dempsey, Army chief of staff, seemed to splash figurative cold water on ideas surfacing at the Pentagon and elsewhere to cut future retirement obligations and other personnel costs, deeply and soon. Testifying at his confirmation hearing before the Senate Armed Services Committee to become the next chairman of the Joint [...]

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 [...]

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 [...]

My turn: Men face identity crisis

Sometimes it’s the stupidest things that make me think about the serious things in life. I recently watched “Tyler Perry’s Madea’s Big Happy Family,” a silly comedy with unexpected messages: Faith without works isn’t faith, men need to be men, and parents need to parent. It made me think, “Why are many women overly headstrong [...]

Thursday morning briefing: Iran Hostage Crisis, off-road vehicles and a schedule

Good morning and welcome to the Freedom New Mexico Thursday morning briefing.

Portales past: Jan. 8, 1951

Jan. 8, 1951: The Portales Daily News: Portales would be on a likely route for an enemy invasion, which to Mayor Floyd Kennedy was not only possible, but probable. The mayor painted an alarming picture of the international crisis and declared Portales should get a civil defense program.