Here It Comes….Obama Pushes for $50 Billion in State Aid
Posted By thestatedtruth.com on June 13, 2010
The State and local governments are broke. This will amount to an endless amount of state aid. It will end when, not if…..foreigners flee our bonds and then interest rates explode because of it!
Obama Pushes for $50 Billion in State Aid
by CalculatedRisk on 6/13/2010
From Jackie Calmes and Sheryl Gay Stolberg at the NY Times: Obama Presses for Aid to Cities and States
President Obama on Saturday implored Congress to provide more aid to states and cities to blunt “the devastating economic impact of budget cuts†by local governments that imperil the jobs of teachers, the police, firefighters and other public employees.
In a letter to Democratic and Republican Congressional leaders, Mr. Obama said the “mounting employment crisis†in the states “could set back the pace of our economic recovery.†… education secretary, Arne Duncan, has said that without federal aid, up to 300,000 fewer teachers would be in classrooms this fall …
The WaPo quotes Obama as writing there will be “massive layoffs of teachers, police and firefighters” without the additional funds.
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