In early August, when the U.S. Senate earmarked $10 billion to recover lost jobs in education, supporters of the measure claimed the money would save thousands of teachers’ jobs. President Obama put the figure at 160,000 jobs across the country. Sen. Barbara Boxer (D-CA) said it would save the jobs …
This past Friday the Associated Press reported: Nearly half of the 1.3 million homeowners who enrolled in the Obama administration’s flagship mortgage-relief program have fallen out. The program is intended to help those at risk of foreclosure by lowering their monthly mortgage payments. Friday’s report from the Treasury Department suggests …
When President Barack Obama signed the latest bailout for spendthrift states and government unions, he claimed the $10 billion earmarked for education spending would save the jobs of 160,000 teachers. But as we pointed out before the bill was signed, this number was completely made up. Since local governments always …
The House of Representatives rushed back to Washington yesterday in the middle of their six-week vacation to pass yet another bailout. This latest one, $26 billion in total, temporarily saves state governments that have overspent for years from fixing their chronic budget problems. The newest bailout spends $10 billion for …
On July 21, when President Barack Obama signed the Dodd-Frank financial regulation bill, he promised: “There will be no more taxpayer-funded bailouts. Period.” How long will this Obama promise last? Well, The New York Times reports today that “the Obama administration on Wednesday pumped $3 billion into programs intended to …
White House press secretary Robert Gibbs did not give the White House daily press briefing yesterday. The stated excuse was a bad cough. But there was no mention of any flu-like symptoms when The Hill reported yesterday that Gibbs believes the “professional left” should be “drug tested” since they will …
The taxpayer-funded, $10 billion public-education bailout moved one step closer to reality today when the Senate voted 61–38 on a cloture measure, clearing the path for bill consideration toward the end of the week. Since the House has already left for recess, Speaker Nancy Pelosi will have to call members …
Brace yourselves – America is about to fall into an “education catastrophe,” says Secretary of Education, Arne Duncan. Up to 300,000 educational workers may receive pink slips this coming fall. The only solution is the same solution to all our other economic problems. Yes, you know the drill. It is …
