Encourage legislators to encourage savings

By Fred Nathan: Guest columnist The national savings rate is at its lowest point since the Great Depression, according to a report issued recently by the Commerce Department. Last year, Americans’ personal savings actually fell into negative territory (at minus 0.5 percent) for the first time since 1933. With fewer and fewer companies providing pensions, […]

Thrift savings plan more investor-friendly

By Tom Philpott: Military Update The number of active duty and reserve component members enrolled in the federal Thrift Savings Plan will hit a half million this month. Recent improvements could encourage many more to join, say plan administrators. In July, TSP began year-round enrollment, in place of twice-yearly “open seasons.” The open seasons didnít […]

AARP: Private accounts not viable solution

By Kevin Wilson: Freedom Newspapers PORTALES — The New Mexico chapter of the American Association of Retired Persons is adamant Social Security needs to be fixed, and they are concerned about a day that the federal program’s expenses will exceed revenues. Their message to Portales residents during a seminar Tuesday was that private investment accounts […]

Bush should stress positives, not negatives

CNJ staff It has been a rough couple of weeks for the Bush administration and the idea that the Social Security system requires reform and that individual accounts should be part of that reform. A Pew Research Center poll showed that, after a month of selling the idea, the percentage of Americans who said they […]

Privatization is independence for our future

CNJ staff Part of President Bush’s recent economic summit involved a possible overhaul of Social Security. Long considered untouchable for politicians who hoped to be re-elected, Social Security is approaching insolvency in the foreseeable future, prompting Bush and others to take another look at the program. Although Social Security has enough to pay benefits now, […]

Social Security needs to be fixed now

by John Bussian, Guest Columnist Were the country not at war, easily the biggest issue in the presidential campaign would be President Bush’s plan to save Social Security benefits for younger workers. The issue isn’t just a curiosity, to see if the plan would work. It is a necessity if workers below the age of […]

Two arrested in fraud sting

By Darrell Todd Maurina Two state employees face charges of stealing at least $2,900 from accounts meant to assist low-income Portales residents, according to 9th District Attorney Brett Carter. Ricardo Mendez, 37, of Clovis, and Julia Tapia, 49, of Portales, were arrested Friday on charges of fraud over $250 and conspiracy to commit fraud over […]