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.
States cannot go bankrupt but can become insolvent. States are sovereign entities, almost like small countries unto themselves. The state even runs its own court system, the court of claims, the only place to sue the state of Illinois for non-payment of debts. The reality is that Illinois will eventually partially default on its debt and then lose access to credit markets, and then stop paying the pensions. PPF thinks that pensions will be paid first, but that’s not going to happen, especially when pensioners are merely parties to a contract, and not a secured creditor or bond holder. When… Read more »
Pritzker doesn’t care. He has much bigger plans. He wants to become president and bankrupt the entire country.
God help us if this tax cheat, Guv Pigchop, runs for Prez.
He’s your typical lying, big spending, and big taxing Dem.
I did not say corrupt as so far he’s avoided all the corruption in Dem controlled Illinois.
Wow, this is a good article. I think I’m going to read Aaron Withe’s book–Freedom is the Foundation.
There is no provision for States to go bankrupt. Pritzker certainly knows that but apparently the writer of that article doesn’t. What it does mean then is higher taxes. Bankruptcy would let taxpayers off the hook but that can not happen. So cut spending or hike taxes and my guess is the Illinois voters will chose higher taxes.
No Federal provision yet…
Perhaps in law but in practice entire countries have been bankrupted. Google on Venezuela for a recent example.
RICO
It is already bankrupt. It is morally corrupt in every way. Sold out to the Public Sector Unions. The poor taxpayers should flee like the hundreds of thousands have already.