Spending Alert: state spending bill
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In a rare move, the House of Representatives will interrupt its annual “August Recess” to return to Washington to vote on…you guessed it: more spending.
The House will vote on spending an additional $26 billion in aid to states — ostensibly needed to save teachers’ jobs. The Senate has already passed this bill.
We remind readers that’s what the trillion-dollar stimulus was promised to do. Since the stimulus was passed in February 2009, unemployment has increased from 8.2% in February 2009 to 9.5% in July 2010.