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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.
No. That’s key. The Federal Bankruptcy Code trumps the state constitution. That has never gone up on appeal but it’s now widely accepted to be fact now, based on the express ruling of the Federal court in Detroit and dicta in CA.
If bankruptcy diminished or impaired pensions wouldn’t that violate the Illinois State Constitution?
Another question to ask is a constitutional protection of pensions preferential to a contractual secured creditor in the eyes of a Federal bankrupty “real” Judge. Wouldnt a State constitution trump a contract? One would think so. And it has in prior Bankruptcies.
No. Secured debt comes first, and no court has said otherwise.
Then why did the Detroit bondholders do worse than the pesioners?
Pensioners that is, did much better than bondholders, in the detroit bankruptcy.