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.
What a representation of Chicago’s plight.
The bill passed despite their votes in response to certain incidents where local prosecutors are thought to have been too lenient with non-citizens assaulting cops.
The Wall Street Journal Editorial Board cited Wirepoints’ analysis of Chicago student proficiency data in their latest piece condemning the Chicago Teachers Union’s outrageous contract demands…all while a vast majority of Chicago’s children graduate unable to read at grade level.
Ted joined Tom Miller of WJPF to talk about the details of Gov. Pritzker’s proposed $52 billion budget, why the state is struggling now that federal covid dollars have run out, the controversy surrounding Tier 2 government pensions, why Illinois’ expensive education system fails to teach children to read, the outrageous demands of the Chicago Teachers Union, and more.
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You stay you pay. Simple as that.
I know that states can’t file for bankruptcy and that Illinois Democrats block municipal bankruptcies. But even bankruptcy hasn’t worked in Detroit (which went bankrupt in 2013). The bankruptcy court made minimal cuts in pensions (although a significant cut in retiree medical). The court also ordered a ten-year contribution holiday for the city. It turns out that the initial bankruptcy underestimated the pension liability based on phony actuarial assumptions. The contribution holiday is about to end, and the city is now asking the court for “more time” to pay the obligations. https://www.thecentersquare.com/michigan/detroit-asks-to-push-legacy-pension-payment-schedule-by-10-years/article_724f3950-14e8-11ed-a91e-9fb0e74f4726.html So, what we have is a ten-year bankruptcy… Read more »
When it burns… And it will… We can only hope JB and LL and the State Legislature are all given statues memorializing their roles in destroying our state.
Though, the carbon impact necessary to create an edifice to honor his LARGENESS will likely be YUGE… Lori’s will only have a short, small footprint. (too easy)
Where would they put statue of JB?
The Tribune could build a “see it from space” sized bonfire with all of the newsprint they’ve used to print “Illinois Pension Armageddon soon” editorials like this one over the last 20 years. I was reading this sort of stuff regularly in actual printed newspapers when I moved to Illinois in the late 80’s. Who, I wondered at that time, with half the brains God gave geese, actually believed that Rino Jim and Madigan’s Pension Ramp was actually going to work? As I recall, that “solution” collapsed due to accounting shenanigans and underfunding before the ink dried. What’s obvious is… Read more »
And don’t forget Jim Thompsons guaranteed 3% boost annually no matter what inflation was. Until recently, inflation was below the 3% level for virtually every year since that benefit was added. Republicans are as much to blame as democrats for this pension mess.
Don’t be so sure a federal bailout can’t happen. We just saw one for student loans nationwide. I’ll will agree that it would be unfair and punish other states that operated in a fiscally sound manner.
Just like people that worked their way thru college, majored in a marketable skill and paid their loans off.