The Chicago Teachers union doesn’t just want 9% annual raises, they want that and even more – Wirepoints on The Shaun Thompson Show
Ted joined Shaun Thompson to talk about about the Chicago Teachers Union’s absurd new contract demands, why so many Chicago teachers are chronically absent, and Brandon Johnson’s failed first year as mayor.
Other states I have lived in, Va, NC, OH, do NOT operate like this – full transparency with accounting, and followup tracking. The records show IL essentially ‘wings it’ based on politics, i.e. blank check legislation. It’s stunning how no one in IL government is at least embarrased by the ‘shoe box’ process of spending. It’s near impossible to control- I guess that was the idea.
While inflation continues to run, pensions will be paid in devalued dollars. This will lead to calls for COLA increases which seem likely to make things worse if legislators cave. During the last great depression bankruptcies of municipalities reached an all-time high, however, so eventually we may have that to look forward to! Once deflation replaces inflation, the Fat Egg will fall off the wall and they won’t be able to put anything together again.
They are making a pretty big assumption that future generations will want to stay in IL.