-- Connecting the dots between our economy, government and business --
SIGN UP HERE FOR FREE WIREPOINTS DAILY NEWSLETTER
FOLLOW US
WIREPOINTS ORIGINAL STORIES
Chicago mayor wants $1 billion more for schools even though 43% of CPS teachers are chronically absent – Wirepoints Quickpoint
May 11, 2024
25 Comments
Chicago Mayor Brandon Johnson recently traveled to Springfield with a big wish list, including $1 billion in extra funding for Chicago Public Schools. Among the reasons his demand should be categorically rejected: the growing rate of CPS teachers simply not showing up to school.
Negligence or something more? Gov. Pritzker’s $827 million in taxpayer subsidies for Rivian. – Wirepoints
May 10, 2024
26 Comments
Gov. J.B. Pritzker recently promised electric car maker Rivian $827 million in taxpayer subsidies when he shouldn’t have given the company a penny. The question is, was it negligence or something more?
Chicago Teachers Union contract demands are totally divorced from reality – Wirepoints
May 8, 2024
49 Comments
Details emerging about Chicago Teachers Union’s upcoming contract show just how divorced its demands, both extreme and expensive, are from the reality at Chicago schools. It’s not just about massive salary increases, but also about money for migrant students, climate initiatives, abortions and gender-affirming care. About blocking parental notification. Count on CTU’s demands to veer further from reality until the public finally says no.
Gov. Pritzker’s ‘ethics reform’ eliminates competitive elections and choice for voters – Wirepoints on AM 560 Chicago’s Morning Answer
May 8, 2024
2 Comments
Ted joined Dan and Amy to talk about a new law passed by the Democratic supermajority and signed by Gov. J.B. Pritzker that results in brazen election interference, keeping Republicans off ballots; about a referendum that tests the waters for a renewed progressive income tax hike; about how the Parental Notification referendum question was knocked off the ballot; and why laws like that pass so easily.
Don’t forget that in bankruptcy or even the implied threat of bankruptcy the bondholders could get 90% of sales tax revenue for up to 40 years. They would even have priority over pensioners to be paid. This is according to Jeanne Ives speech at the City Club. This applies to only home rule communities luckily Rockford voted down this measure. Think of what this could do to cities. Of course the Dem’s (MM) put this in as a safeguard at the last minute to protect most bondholders. So even though bankruptcy may be a logical choice there are many implications… Read more »
Bankruptcy in the private sector generally assumes that the morons/thieves who drove the firm into the ground are replaced. I’d bet any sum named that the “bankruptcy” proposed by political entities simply seeks to wipe out creditors, allowing the parasites whose robbery brought about the bankruptcy to “rinse and repeat.”
If the State of IL ever enters any form of bankruptcy, I propose that the state’s boundary be redrawn to exclude C(r)ook County. That would excise probably 85% of the poisonous political gangrene in the state, and that which is left over would be manageable for citizens with rope.
But not until they raise every tax rate as much as possible to establish a higher tax-baseline for post-bankruptcy…