It forces states to take bailout dollars, bypassing Governors who refuse the money, and forbidding them from making necessary budget cuts. And Gary Peters voted for it.
Gives teachers unions roughly $50 - $100 million through trickle-down. And Gary Peters voted for it.
Will increase the deficit by $12.6 billion, according to the Congressional Budget Office. And Gary Peters voted for it.
Will result in a permanent tax increase of $9.7 billion for U.S. multinational companies - increasing the cost of doing business and risking jobs during the recession. (Interestingly, the revenue from these same tax increases have already been spent...twice, in two other pieces of legislation!) And Gary Peters voted for it.
The fact is the federal government cannot afford to bailout states who refuse to cut back spending. In case Nancy Pelosi forgot, the American people still fund the federal government. If states can't afford it, neither can the federal government. Bailing out states and extending failed stimulus programs only perpetuates states' reliance on the federal government. And Gary Peters voted for it.
What really upsets me is that Gary Peters just dumped another 26 Billion on mine and your grandkids debt that they'll never be able to pay off.