House Dems, unions push for $23B bailout for teachers
Liberal House Dems, unions push for $23B fund to save teacher jobs - TheHill.com
Tuesday, June 8, 2010
Tuesday, July 21, 2009
A series of bailouts, bank rescues and other economic lifelines could end up costing the federal government as much as $23 trillion, the U.S. government’s watchdog over the effort says – a staggering amount that is nearly double the nation’s entire economic output for a year.Read the full story at POLITICO and call your representatives in Congress and tell them they will be out of a job in 2010 if they continue to follow Obama over a cliff.
If the feds end up spending that amount, it could be more than the federal government has spent on any single effort in American history.
For the government to be on the hook for the total amount, worst-case scenarios would have to come to pass in a variety of federal programs, which is unlikely, says Neil Barofsky, the special inspector general for the government’s financial bailout programs, in testimony prepared for delivery to the House oversight committee Tuesday.
The Treasury Department says less than $2 trillion has been spent so far.
Labels: Bailout, Barack Obama, Debt, Democrats
Wednesday, March 25, 2009
Labels: Bailout, Government Spending, Government Waste
Friday, March 20, 2009
Wednesday, January 28, 2009
Labels: Bailout, Barack Obama, Congress, Democrats, Economy
Sunday, January 25, 2009
I found myself wondering how Ronald Reagan, entering office in 1981 with high inflation (12 percent) and unemployment (7.5 percent) higher than today (7.2 percent), and a contracting GDP approached hard times. In what turned out to be his first inaugural address, he, too, used the word "crisis" to describe "the economic ills" Americans were suffering. Noting that these ills were a long time coming and wouldn't go away "in days, weeks or months," he said: "But they will go away. They will go away because we, as Americans, have the capacity now, as we have had in the past, to do whatever needs to be done to preserve this last and greatest bastion of freedom."Read the full column at The Mercury Web site.
"In this present crisis," he continued, "government is not the solution to our problem."
There's a twist. In this present crisis, according to the Obama administration and its stimulus-package trillions, government isn't just the solution, it's our only hope.
That's change for you.
Labels: Bailout, Barack Obama, Congress, Conservatives, Democrats, Economy
Friday, January 23, 2009
Labels: Bailout, Barack Obama, Economy
Friday, January 16, 2009

Labels: Bailout, Congress, Corruption, Economy