Democrats continue their spread the wealth economy by redistributing taxpayer dollars through continuous bailouts to special interests groups, in particular the unions. The “No More Bailout” president continues to reward those who helped him get elected. The rest of America only gets the bill.
In their latest bailout scheme, Obama and the Democrats pushed a $26 billion dollar bailout and Congress was called back from recess to vote on it. $10 billion of those unfunded dollars went to protect the teacher unions. It was done in a scheme that claimed this money was needed to keep teachers, firefighters, police officers and nurses on the job. Now we learn that the school districts are hoarding the money to cover future shortcomings and not hiring teachers as we were led to believe.
The New York Times reports:
As schools handed out pink slips to teachers this spring, states made a beeline to Washington to plead for money for their ravaged education budgets. But now that the federal government has come through with $10 billion, some of the nation’s biggest school districts are balking at using their share of the money to hire teachers right away.
With the economic outlook weakening, they argue that big deficits are looming for the next academic year and that they need to preserve the funds to prevent future layoffs. Los Angeles, for example, is projecting a $280 million budget shortfall next year that could threaten more jobs.
“You’ve got this herculean task to deal with next year’s deficit,” said Lydia L. Ramos, a spokeswoman for the Los Angeles Unified School District, the nation’s second-largest after New York City.
“So if there’s a way that you can lessen the blow for next year,” she said, “we feel like it would be responsible to try to do that.”
Instead of hiring/saving teaching jobs, these districts are holding the bailout money to pay for future spending. Just another scam upon the taxpayers who continue to be robbed of their money. All these bailouts by President Obama and the Democrats are bankrupting America. How is that spreading the wealth economy working for you America?
Click to view image: '064d2d369f28-teachers_union.jpg'
|Liveleak on Facebook|