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2019-10-29 Economy
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Chicago Mayor Learning that Eventually, You Run Out of Other People's Money
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 [PJMedia] Chicago Mayor Lori Lightfoot is dealing with a 12-day-old teachers strike that features a contest between the most radical union in the U.S. and one of the nation's most radical mayors.
It's not going to end well for her.
When the strike began she told the teachers "there is no more money." All that did was whet the appetite for battle by the teachers who are now almost certainly going to get almost all of what they want.
...Chicago Teachers Union president Jesse Sharkey and vice president Stacy Davis Gates said that the union’s most recent proposal asks for an additional $38 million in funds over the city’s last offer.
...Sure, why not? It's only $38 million. And that's Lightfoot's problem. The city is facing an $800 million budget shortfall and the union is perfectly willing to exacerbate it. Not their problem and not their money. They apparently don't see why the city council can't just slap a few more cents on the dozens of taxes that residents are already paying. Piece of cake.
...The federal government can put Social Security and Medicare on the credit card for as long as demand for U.S. Treasuries is high. States and municipalities don’t have that luxury. There is an upper bound to what even the most progressive mayors and governors can grant the lobbies that mobilize voters for their campaigns. But it’s a glass ceiling. Public sector unions are eager to break it.
...Chicago reached that "upper bound" years ago and residents have been voting with their feet. In their eagerness to sate the appetite for tax dollars, public unions' ever-escalating demands have made Chicago the only major city of the top five to lose population over the previous decade.
So with the prospect of having to pay the extortionate demands of teachers, Lightfoot is facing the reality that other U.S. mayors have known for decades. In her case, she probably can't understand why her ideological allies are treating her this way. They're on the same side, aren't they? They're brothers and sisters in the struggle for social justice, right?
The idea that Lightfoot "means well" isn't good enough for the union. Good intentions can still lead to hell. For Chicago's long-suffering taxpayers, they're already there. 
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Posted by g(r)omgoru 2019-10-29 04:10||
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Posted by g(r)omgoru 2019-10-29 04:32||
2019-10-29 04:32||
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Posted by Herb McCoy 2019-10-29 06:09||
2019-10-29 06:09||
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Posted by 3dc 2019-10-29 06:48||
2019-10-29 06:48||
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Posted by M. Murcek 2019-10-29 08:02||
2019-10-29 08:02||
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