Zakaria reports that when the stimulus money runs out, education officials will have to fire 5,000 school teachers. In New York City alone:
The entire episode can be seen here.
UPDATE: Here's the podcast. It's really worth watching. Zakaria, at one point, suggests there are no signs of spending. I would respectfully disagree. For a year now, you can't drive for more than 10 miles without seeing a Recovery Act road project.