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RUSH: Interesting story. This is from the Carolina Journal: “President Barack Obama stood before thousands of screaming supporters at North Carolina State University Sept. 14, urging Congress to pass the American Jobs Act, his $450 billion plan to create jobs and stimulate the economy. ‘Pass this jobs bill, and there will be funding to save the jobs of up to 13,000 North Carolina teachers, cops, and firefighters,\u2019 he said. But he didn\u2019t say that his bill would fund the jobs only for one year. Nor did he say how the jobs would be paid for after that.” (interruption) It\u2019s exactly what it is, H.R. The hundred thousand cops of Clinton, do you remember this program, hundred thousand cops, the federal government, in the midst of a crime wave, was going to pay local governments to hire more cops for a year or two. And after they hired the cops, the money would run out, and then who would pay them after?<\/p>\n
Now the first interest payments are due on the borrowing, a total aggregate interest payment of $1 billion due Friday. The states don\u2019t have it. But this is how the Feds get their hands in. So the $450 billion, “Oh, yeah, we\u2019re gonna save your teacher\u2019s job… (whispering) for one year.” And then, if the states don\u2019t have any money to keep those people hired, they lose their jobs. The hundred thousand cops thing, Clinton thing, only 69,000 jobs, 69,000 cops and others ended up being hired. So this is typical. This is the way to go out and do things, make a big, grand announcement, “Oh, yeah, we\u2019re gonna fund jobs, 13,000 teachers,” for a year, and then after that it\u2019s up to the states. If the states don\u2019t have the money, tough toenails.<\/p>\n
BREAK TRANSCRIPT<\/p>\n
RUSH: By the way, when these teachers get laid off in after one year, who gets blamed for it? The nearest Republican. Through budget cuts. “The Republicans don\u2019t care!” The Republicans are accused of cutting budgets when Obama only funded something for a year, and the cycle repeats. Republicans get all defensive, try to show, “No, we don\u2019t hate teachers. We love teachers. We didn\u2019t cut the budget.” Try to go out and explain it. The media gangs up. And that\u2019s the cycle: Fund something for a year, those people lose their jobs, you blame it on the Republicans for having no heart and no compassion; and the famous budget cuts and so forth “for their rich buddies,” all that sort of stuff. That\u2019s how it works.<\/p>\n","protected":false},"excerpt":{"rendered":"
RUSH: Interesting story. This is from the Carolina Journal: “President Barack Obama stood before thousands of screaming supporters at North Carolina State University Sept. 14, urging Congress to pass the American Jobs Act, his $450 billion plan to create jobs and stimulate the economy. ‘Pass this jobs bill, and there will be funding to save […]<\/p>\n","protected":false},"author":14,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","ngg_post_thumbnail":0},"categories":[],"tags":[],"yoast_head":"\n