It means saving a debt dynamic that must grow exponentially at the economy's expense, absorbing more and
more federal bailout funds and hence crowding out the spending needed to revive the economy.
This is the best thing Washington can do to help cash - strapped states and districts, particularly at a time when we don't expect
any more federal bailouts.
Not exact matches
As such, facing a massive and immediate liquidity crisis, they would be in
more need of a
federal bailout than before the bankruptcy legislation was seriously mooted.
Geithner's history as New York
Federal Reserve Chair, co-architect of the $ 700 billion
bailout, and having a background in the International Monetary Fund means he has had a
more important role than many.
Mitt Romney has gotten
more corporate welfare from the
federal gov» t for his
bailouts and who knows what else, than the average person would get in a lifetime.
In a letter to Congress on Tuesday, New York Attorney General Andrew Cuomo confirmed that AIG paid 73 employees bonuses of
more than $ 1 million each this year after it received
federal bailout money.
Barring
more big
federal bailouts — which this year's election would seem to make ever less likely — school budgets are going to be strapped for years to come and cost - cutting, together with eking greater value out of the remaining dollars, is going to occupy the education - policy center ring.
When the economy turns south, school districts do not cut the fat but push for new revenue sources:
more state aid, money from gamblers, fees for services, and now a
federal bailout.
Any
federal government
bailout will probably turn out to be no
more adequate for schools than for General Motors.
House Education Committee Chairman John Kline (R - MN) was critical of last year's $ 10 billion Edujobs funding, arguing that a teacher
bailout wouldn't create permanent jobs and that supplementing state budgets only postpones tough decisions while making states
more dependent on the
federal government.