The federal government will finish this fiscal year, ending September 30th, with a $1.4 trillion deficit. Instead of reining in federal spending to get its fiscal house in order, the Obama administration is desperately trying to "stimulate' the economy with money it does not have, including sending more money to public school's via a competition, "Race to the Top," supposedly to enact "education reform."
In Phase 2 of the competition, New Jersey came in 11th, just missing the cut and losing a $400 million grant. In a press conference after the state was notified that it would not be awarded the grant, Governor Christie criticized the Obama administration and the Department of Education for slavishly following bureaucratic rules instead of giving New Jersey's Department of Education the opportunity to amend its application. Since then, education commissioner Bret Schundler was fired after he was told to resign because he and the governor got into a "he said, he said" flap about the events surrounding the state's failed application.