Posted on 06/09/2013 12:53:58 PM PDT by Libloather
Mayor Rahm Emanuel on Wednesday sought to lay the blame for upcoming Chicago Public Schools budget cuts on state lawmakers' failure to extend pension relief, saying the loss in Springfield is now "on the doorstep of every school and every classroom in the city of Chicago."
The mayor refused to rule out teacher layoffs or a property tax increase as pension payments are expected to balloon from $196 million this year to $612 million in the next budget year, which begins July 1.
"Chicago Public Schools is working through the issues," Emanuel said in his first news conference since last week's failure at the Capitol of a plan to extend a measure that allowed the school district to skip part of its pension payments. "I can't tell you today what their budget's going to be, line by line. I know the first priority is to protect the classroom and protect our children's education, and to also find savings, as we have through full-day kindergarten and through administrative savings as we have since day one."
(Excerpt) Read more at chicagotribune.com ...
A half a gigabuck.
Holy Cow.
Just tell the teachers the jig is up and reduce their ridiculously high pensions. They’re lazy, dumb, and incompetent.
This is not a surprise. Localities knew that baby boomers were going to retire in droves for over 65 years. If they did not plan then the cities need to suffer. As a Gen X, I do not blame the boomers who were told their retirement plans when they started 40 years ago. To bad cities deal with it! These folks completed their part.
Sooo,
is his buddy obammy going to step in with our money to bail out chi town pensions?
The unions gave politicians money who in turn opened up the public purse to unions. It is a circle of corruption.
What we are seeing is what happens when the money runs out. They talk about raising taxes but I have news for them, there is only so much money available and it is not enough because it is never enough.
Every attempt to modify, reform or control spending has been beaten back with threats and lies and intimidation.
There is one group that deserves special damnation, and that is the so called journalist. They were suppose to be the last safeguard in our political system. Instead in many places in our nation we have one party rule with support by public employee unions and the news media.
There are many that want to take us to a utopian world, but that world is fantasy. It does not and can not exist. Like a house of cards build on sand with the tide coming in, it will all soon come crashing down. It is too bad the innocent will suffer along with the guilty.
So to the left I say, bring it on. Raise taxes all you want, it will just make your downfall come sooner rather than later.
My wife is a teacher in Illinois (we don’t count on her pension at all). She, and most of the younger teachers, want the thing to fall.
This is not a surprise. Localities knew that baby boomers were going to retire in droves for over 65 years. If they did not plan then the cities need to suffer
Yes, this was totally predictable. When you have gym teachers making 100k and vesting their pensions it will not end well.
Blame the unions for stupidly killing the goose by striking to get unsustainable pennons.
Cook taxpayers owe $108 billion, county Treasurer Pappas says: Greg Hinz
Chicago Business ^ | 6/21/11 | Greg Hinz
Posted on Wednesday, June 22, 2011 4:05:38 PM by Lmo56
The average Chicago household now owes a staggering $63,525 to cover local government debt, according to Cook County Treasurer Maria Pappas.
Suburbanites are deeply in the red, too, with the average household owing $32,901, according to the treasurer.
Among the biggest reasons: $25 billion in unfunded pension liability.
http://www.freerepublic.com/focus/f-news/2738444/posts
good times
It seems that many places run by liberals have bigger financial and social problems, than places run by conservatives. It’s just anecdotal evidence, but I wonder if it’s really true.
You look at places such as Detroit, Camden, New Jersey, East. St. Louis, Illinois, Baltimore — what they all have in common is that they have been run by liberals/Democrats for decades. If liberalism in social/political policies were the answer to society’s problems, wouldn’t these places be glittering shining cities with low crime, high educational attainment, nice neighborhoods, etc.??? What am I missing???
And, many such places have large minority populations, but are run by minority politicians. So, can we say that racism is the reason for the problems of these places, when other minorities are the elected officials and school board members and teachers and principals in these places???
Chicago wants the rest of the state to pay for the Chicongo teachers and everything else.
Such a deal!
Taxation without representation!
Looks like Detroit (2.0) coming down the pike doesn't it?
In the end, no one gets paid and the entire system collapses. The people who started all of this are paid and long gone, their children and grandchildren all going to private schools and getting out of dodge.
Any city owned buildings/parks should be sold to Wal Mart and others. The city leaders can work out of tents.
Holy Cow.
Amazing.
The graduation rate for African American males in the Chicago Public School System is 38%.
Of those 38% that actually do graduate, over half are functionally illiterate and do not have even the most basic math skills.
So something like 16% of African American males in Chicago graduate with anything resembling a basic high school eduction.
These teachers deserve to be shot, not given Cadillac retirement packages
I guess the mob boss, Rahm the Enforcer, is going to have to get tough with some of his LTs.....nah, bend over taxpayers!!!
what are you missing??
well, liberalism only “works “ when it steals from one group and gives to another.
that is the whole premise
so once the stealees move
the jig is up.
“Your CHICKens...
Have come HOME...
to ROOST !!!”
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