The same thing with Obama’s teacher plan here. The money was to hire teachers and firemen and cops for one year. This is a typical way that the left does things, typical liberal thinking. Get something passed that has no way to be continually funded, leaving the state to hold the bag after the Feds drop it on them, which is what’s happening right now with unemployment compensation as we told you at the beginning of the program. The states are now in debt a total of $38 billion dollars after funding the Fed’s mandated unemployment compensation extension. It’s the states that pay for that. They had to borrow money from the federal government to pull it off because the states didn’t have the money.

Now the first interest payments are due on the borrowing, a total aggregate interest payment of $1 billion due Friday. The states don’t have it. But this is how the Feds get their hands in. So the $450 billion, “Oh, yeah, we’re gonna save your teacher’s job… (whispering) for one year.” And then, if the states don’t have any money to keep those people hired, they lose their jobs. The hundred thousand cops thing, Clinton thing, only 69,000 jobs, 69,000 cops and others ended up being hired. So this is typical. This is the way to go out and do things, make a big, grand announcement, “Oh, yeah, we’re gonna fund jobs, 13,000 teachers,” for a year, and then after that it’s up to the states. If the states don’t have the money, tough toenails.

Continue reading on www.rushlimbaugh.com

GET MORE STORIES LIKE THIS

IN YOUR INBOX!

Sign up for our daily email and get the stories everyone is talking about.

Uncategorized
Previous post

Obama Travels to St. Louis for Money Laundering Operation

Next post

SOLYNDRA e-mails: Obama admin was poised to approve another loan of $469 million