Fed Stabilization Funds Accepted for Higher Ed
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Fed Stabilization Funds Accepted for Higher Ed

Date: May 7, 2009
By: Rebecca Layne
State Capitol Bureau
Links: HB 3

Intro: The Senate accepted $148 million in federal stimulus funds for higher education despite opposing pleas from conservative Republicans. RunTime:0:37
OutCue: SOC

Republican Senator Matt Bartle says the stabilization funds are just plugging holes in the budget with borrowed money from China.

Bartle says these funds will have to be paid back eventually.

Actuality:  BARTLE1.WAV
Run Time: 00:11
Description: It would have been far better of us to take our lumps now. Tell the people the truth. And the truth is this: That it is really stupid to borrow money when you can't pay it back.


Bartle says balancing a budget on borrowed money is not a good idea.

Despite Bartle's ardent protests, the Senate agreed to accept the federal stabilization funds with a vote of 29 "yes" to 4 "no."

Reporting from Jefferson City, I'm Rebecca Layne ... KSMU.


Intro: Conservative Senate Republicans argued against adopting federal stimulus funds for higher education, but a majority vote in the Senate overruled their pleas.

RunTime:0:41
OutCue: SOC

Republican Senator Matt Bartle argued for his fellow senators to forgo accepting budget federal stabilization funds for higher education.

He said the funds were borrowed money that would not be available in the future.

Like Bartle, Republican Senator Luann Ridgeway says she does not like relying on borrowed funds, but she says they are  unfettered monies and should be used for the people.

 

Actuality:  RIDGEWAY.WAV
Run Time: 00:07
Description: Personally, I think we should be using this money to put it back into the hands that it was wrongfully taken from: the people of Missouri.

The stabilization funds for higher education were eventually accepted with a majority vote despite conservative Republicans' pleas.

Reporting from Jefferson City, I'm Rebecca Layne ... KSMU.


Intro: Conservative Republican Senators pleaded unsuccessfully for the Senate to forgo adopting federal stimulus funds for higher education. RunTime:0:40
OutCue: SOC

Republican Senator Matt Bartle says the $148 million in budget stabilization funds for higher education is borrowed money from China.

Bartle says Missouri should not rely on funds that won't be available in the future.

He says that someone will have to eventually pay this money back.

 

Actuality:  BARTLE.WAV
Run Time: 00:14
Description: Eventually, somebody's going to have to pay for it. And if you think, middle-class taxpayer, that some rich guy is going to pay your bill, wake up! That's not going to happen. The middle-class taxpayer is going to pay the freight for this.


Despite Bartle's rant, the federal funds for higher education were accepted with a vote of 29 "yes" and 4 "no."

Reporting from Jefferson City, I'm Rebecca Layne ... KSMU.


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