The shameless $26 billion payoff ($26 billion we don’t have)

Posted on August 12, 2010


Democrats on Capitol Hill are literally taking food out of the mouths of the most needy to pay back their political cronies. Today, the House will vote on the infamous Bill with No Name, H.R. 1586 (originally the FAA Air Transportation Modernization and Safety Improvement Act), which contains a $26.1 billion bailout for financially strapped state governments. Much of the money will go to public employee unions, in the form of a $10 billion “Education Jobs Fund” to supplement state education costs. This comes on top of a $53.5 billion bailout of unionized teachers in the State Fiscal Stabilization Fund – some of which is still unspent. Worse, the new legislation would impose $9.7 billion in permanent tax increases.  READ ON…