Chicago Teachers Union contract demands are totally divorced from reality – Wirepoints
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.
Moderating Debt? What!! I guess Fitch can’t do basic math on long term liabilities like unfunded pensions, health care for retiree obligations, etc. Oh, but if you keep in mind that the City of Chicago pays for these compromised opinions, it makes more sense. Is Fitch really gong to tell the ugly truth about the guy who sends them the pay check? Unlikely would you say?
Hilarious. Simply hilarious. Fitch must be really hard up for work. If you don’t know how these rating agencies work, watch The Big Short.
“”The upgrade was “driven by a decline in the city’s long-term liability burden stemming from steady growth in the economic resource base and improved debt management practices,” Fitch wrote in the report.”
Followed by:
“His $16.6 billion spending plan for 2024, unveiled last week, includes $187 million more in revenue than projected as recently as last month.”
Unbelievable….
There’s a word for the rating agencies: Whores.