Friday, December 31, 2010

Union bailout coming!

Lee Bellinger's Executive Bulletin
"Enter Congressman John Mica (R-FL) to the rescue of overpaid, under-worked government employees!
The incoming chairman of the House Transportation Committee, Mica is a powerful backer of continuing the Obama Administration's backdoor bailout of bankrupt state governments.

This state debt nationalization scam is officially known as Build America Bonds (BABs).
Its insidious effect is to enable financially reckless states to borrow even more from bond markets rather than be forced to address their bloated budgets."

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