I am writing today to announce the closure of the New Mexico Independent. After three and a half years of operation in New Mexico, the board of the American Independent News Network, has decided to shift publication of its news…
While environmental activists played their part yesterday during demonstrations at the capitol building, going so far as to dress up as solar panels and to sing the tune of “You Are My Sunshine,” their counterparts, the anti-cap-and-trade contingency who has…
Roughly one quarter of University of New Mexico students are unimpressed with the state’s flagship public school, according to a survey that questioned college students about their higher education experiences.
Congressman Harry Teague has introduced a bill to end the Troubled Asset Relief Program (TARP) that passed last year — and use the remaining money to pay down the national debt.
“I opposed the bailout because it did more for Wall Street than it did for Main Street,” said Teague. “We need to end TARP. And rather than allow for any remaining TARP funds to be used as a slush fund for other programs, we need use that money to pay down our national debt.”
The bill, the TARP Sunset and Fiscal Responsibility Act, is cosponsored by Betsy Markey, D-Colo., Suzanne Kosmas, D-Fla., Larry Kissell, D-N.C., and Debbie Halvorson, D-Ill.
It would block Treasury Secretary Tim Geithner from spending TARP money after December 31.
Teague says the program still has $200 billion of unspent money.
“TARP was deeply flawed from the beginning,” Teague said. “While most families in my district were tightening their belts, the bailed out financial institutions were awarding executive bonuses.”
Teague voted against releasing the second half of the TARP funding earlier this year along with a majority of the House. However, the vote was largely symbolic, as the authorization only needed to pass one chamber of Congress and it had previously passed the Senate.
