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Bailout
: Calculated RiskObama Pushes for $50 Billion in State Aid
By Anonymous
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.The WaPo quotes Obama as writing there will be "massive layoffs of teachers, police and firefighters" without the additional funds.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 ...
Full post as published by Calculated Risk on June 13, 2010 (boomark / email).
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