Sun River Energy to drill in Colfax County
Flesh eating bacteria cases rise in NM
Transmission project eyed in Union Co.
Higher insurance premiums hit NM homeowners
State-by-state premium increases were more dramatic in some areas including Mississippi, Montana and New Mexico, where new policies in December 2011 were carrying roughly 29 to 39 percent higher premiums than those sold in January 2011. Read More News New Mexico
State pays $22M in credits to Avengers
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National parks from California to New Mexico rev up for eclipse
NM governor makes statewide drought declaration
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| Susana Martinez |
Pearce: It's Time to End Bailout Subsidies
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| Steve Pearce |
There is no need to continually pour hard earned taxpayer dollars into a failing private business. However, despite a string of failed bailout plans, Section 3156 of the National Defense Authorization Act (NDAA) includes a $150 million subsidy to the private uranium enrichment company, United States Enrichment Corporation (USEC). This $150 million comes in addition to the billions of dollars in taxpayer funds that have gone to perpetuate USEC’s failing business model. And, this is language that has shown up in everything from the Highway Bill to Energy Appropriations.
In 2011 alone, USEC reported a net loss of $540.7 million. To put that in perspective, it took Solyndra two years to record this type of loss. No one would consider providing Solyndra more federally backed loans, so why should USEC be any different?
Instead of allowing USEC’s fate to rise or fall on the wisdom and skills of its management and owners in a competitive marketplace, the government has intervened at every turn to ensure that USEC would not fail. This company is worth less than $120 million and it is asking for $2.5 billion in government backing. I doubt any member of Congress would invest his or her own money in a company which saw a 46% decline in profitability within 3 year of its initial public offering. So why is USEC any different?
The answers should be – it isn’t. However, the administration and members of Congress from both parties have come up with excuse after excuse why it is. 
Some say it is an issue of national security due to the production of tritium at USEC. However, the National Nuclear Security Administration (NNSA) testified that tritium production would not be affected if USEC failed. Essentially, national security would not be undermined in any way if USEC were to terminate operations as a result of a government decision to cut off further subsidies.
Others claim that this bailout language for USEC does not constitute an “earmark” under House rules because it is included in the president’s budget. I am sure one could find plenty of things in the president’s budget that would immediately be classified as an earmark if offered in a similar fashion and without the support of the appropriate members of Congress.
There is a reason Congress has an embarrassingly low approval rating. Elected officials say one thing while on the campaign trail and do the exact opposite while in Washington. This is not a Democrat problem or a Republican problem – it is a Washington problem.
I hope every member thinks about voting for the amendment to take this bailout subsidy out of the bill. Are we going to be an open and transparent Congress that values the taxpayer dollar and favors free markets? Or are we still a Congress that works through backroom deals and rewards powerful Members with earmarks – even if their pet projects are failures.
How Many Times Will We Fall for This Trick?
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| Jesse Jackson |
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| Al Sharpton |
It turns out that George Zimmerman had multiple injuries when examined by a doctor the day after the incident including two black eyes, a broken nose, head lacerations, and a back injury. Trayvon Martin's autopsy revealed that he had injured his "knuckles" just before he died. Adding insult to the latest injuries to race-baiting gas bags like Al Sharpton, Spike Lee, and Jesse Jackson is the fact that Zimmerman has African blood coursing through his veins.
Topping this revealation is the fact that Zimmerman was not some racially paranoid gun-toting Republican. He was a registered Democrat.
Nobody knows what really happened that terrible night in Florida. One thing is for sure, the divisive gas bags in the race baiting industry did not know either. All they knew was it was time to start up their exploitation machine and divide people along racial lines while the iron was hot. How many times will Americans fall for their slimy tricks? Who knows? You can read all the sordid details in this Washington Times story: News New Mexico
Nobody Can Define the Afghanistan Mission, But Another New Mexico Soldier is Dead
"I extend my deepest sympathies and prayers for the family and friends of Staff Sergeant Nuanes," said Rep. Steve Pearce, (R-N.M.). "My heart goes out to his family and to the families of our fallen heroes across the nation. We will never forget the sacrifice he made to defend our nation and preserve our freedoms. His admirable service to our nation and his dedication to preserving liberty will long be remembered in New Mexico and across the U.S."
Nuanes was in the 741st Ordnance Company, 84th Explosive Ordnance Disposal Battalion, 71st Ordnance Group, at Fort Bliss. Read full story here: News New Mexico
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