Tidal Wave of Pink Slips Coming in March and April for U.S. Teachers!

Submitted by SadInAmerica on Mon, 02/22/2010 - 10:54pm.

US Secretary of Education Arne Duncan expresses concern as budget deficits expose American teachers and educators to risk of imminent layoff.

"I am very, very concerned about layoffs going into the next school year starting in September. Good superintendents are going to start sending out pink slips in March and April, as they start to plan for their budgets," said Duncan, referring to the slips of paper included in some paychecks to notify a person of being fired.

The layoffs will come as plummeting tax revenues force states and cities to cut costs, including education funds, in a bid to keep their budgets balanced.

This could spell more than simply bad news for Americans who are already angry with the government over the rate of unemployment, despite a 0.3 percent drop from last year's 10.0 percent.

Duncan further referred to the economic stimulus package pushed by the Obama administration and approved by the Congress, saying the plan saved at least 320,000 education jobs last year.

The plan created a stabilization fund of $48 billion that provided cash directly to states, mostly for schools; but those funds will likely run out before the end of the year.

This is while Obama warned last week of possible job cuts in state governments when the stimulus ends.

In January, there were 8.03 million workers in local government education, down from 8.09 million the previous year and 8.05 million in January 2008, according to the Bureau of Labor Statistics.

PressTV - February 22, 2010 - posted at InfoWars

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Submitted by SadInAmerica on Mon, 02/22/2010 - 10:54pm.