Duncan Backtracks Teacher 'Pink Slips' Claims Over Sequester

On Monday, Education Secretary Arne Duncan said he misspoke when he tried to scare the American people a week before the sequester hit last Friday by claiming the across-the-board cuts would force school districts to give teachers "pink slips." 

“There are literally teachers now who are getting pink slips, who are getting notices that they can’t come back this fall," Duncan said on CBS' Face the Nation the weekend before the sequester. 

Duncan backtracked after the Washington Post debunked his claims. Duncan "specifically mentioned the Kanawha County school district in West Virginia as an example of a school that had begun firing staff because of the sequester," but district officials there said jobs were set to be eliminated regardless of the sequester. 

In addition, the publication found that nearly all of the country's school districts would not be hit by the sequester. 

"Because I wasn't as clear, the spotlight was put on me and that's never ever my goal," Duncan said. "My goal here is to have the spotlight be on children and families, so when I said 'pink slips' that was probably the wrong word,” he added. “I should've used 'job eliminations,' 'positions eliminated.'"


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The past several months have seen the price of gold slump even as the Fed and other central banks have accelerated their massive expansion of paper money. Gold is off about 20% so far this year with silver down almost 30%. The old adage--“don’t fight the Fed”--particularly comes to mind now because the US equity markets have been setting new highs during this same period. All of these gains are nominal, you understand, but for terrified American policy makers and investors, nominal is just fine.

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