CFA to House: Vote NO on State Bailout

Monday, August 9, 2010 1:45 PM

The House is returning from recess today to stage a vote on the FMAP/State Education bailout bill that passed the Senate last week. As with the cash infusion of “stimulus” funds that states have used over the past year and a half to keep bloated spending afloat, this recent infusion of federal cash only provides states with the excuses they need to continue to overspend. A recent article in the Wall Street Journal pointed to the explosion in federal education spending in the past few years has not produced any tangible benefits:

Total education spending grew by 32% between 1999 and 2009, while K-12 enrollment has grown by less that 1% each year over the same time period. The reality is that districts could economize and trim the bureaucracy without having to lay off as many teachers as they claim.

CFA continues to oppose the package, which will disburse $26 billion in federal bailout funds on programs that are local and state responsibilities. The vote in the House is scheduled for tomorrow, after which members are supposed to vote on a Lame Duck resolution and then finally head home for the remainder of the recess – we only hope they stay put this time. Click here to read our alert.

 

Tags: FederalSpending Bailouts | Comments (0)