How is that $26 billion state bailout paid for? 

President Obama:

“This proposal is fully paid for, in part by closing tax loopholes that encourage corporations that ships American jobs overseas. So it will not add to our deficit. And the money will only go toward saving the jobs of teachers and other essential professionals…I urge members of both parties to come together and get this done, so that I can sign this bill into law.”

Translation: We’re bailing out public-sector unions just in time for the election, by cutting food stamps and raising taxes.

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Staff Report

Staff Report

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A daily newspaper covering San Francisco, San Mateo County and serving Alameda, Marin and Santa Clara counties.
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