By DronetekPolitics – 11/19/2019
Dan Rather is irrelevant he’s in the cult of msm
By DronetekPolitics – 11/19/2019
By Tyler Durden – 11/04/2019
The Wall Street Journal Editorial Board blasts Chicago Mayor Lori Lightfoot for her deal with the Chicago Teachers Union (CTU). The deal will further wreak havoc on the already insolvent school system.
Who will be hurt most?
The WSJ answers the question this way: Union Routs Students in Chicago.
The WSJ commented “Michelle Obama the other day complained that white people were leaving the city to escape minorities who are moving in. No, they’re fleeing Chicago’s high taxes and lousy schools—and so are minorities.”
You can kiss those positive and stable outlooks goodbye. The system is insolvent and this contract will further weaken the outlook.
S&P already has CPS bonds in the “highly” speculative area, five steps into its junk ratings.
A Chicago Teacher’s Pension is based on your years of service and a pension percentage (up to 75%), multiplied by your final average salary. Their union notes “There are ways to increase these factors to enhance your pension or meet eligibility requirements.”
Wirepoints asks Chicago Teachers Strike: Why is No One Talking About Pensions?
The average retired CPS teacher already receives a pension of nearly $55,000 a year, according to a 2019 FOIA request to the Chicago Teachers’ Pension Fund.
However, looking at the pension of an average teacher far understates the true size of CPS pensions. The “average” benefit includes teachers who only worked a few years for CPS, which brings down the average.
To get a more accurate picture of what pensions are really worth, look at career teachers. Over half of all currently retired CPS teachers worked 30 years or more. On average, they receive a $72,000 annual pension and began drawing benefits at age 61.
In comparison, the average annual Social Security payment in Chicago is just $16,000 and the maximum benefit for someone retiring at age 62 is $26,500.
The average career CPS pension will grow by 3 percent, compounded annually, due to the COLA benefits teachers get. That will double a teacher’s annual benefit to over $140,000 in 25 years.
Those projections were based on the proposed contract. The CTU held out for even more benefits and got them.
By 2023, Lightfoot must find an additional $989 million a year for pensions, according to the Tribune’s Hal Dardick and Juan Perez Jr. Thank you, former mayors and aldermen, for promising more pension benefits than Chicagoans could afford.
That one is easy.
On October 5, I commented Escape Illinois: Get The Hell Out Now, We Are
Goodbye Illinois. Hello Utah. See my reasons for Utah above.
If you can’t get out of Illinois, do the second best thing, Get the Hell Out of Chicago.
By the way, Chicago is not “headed” for insolvency, it’s already there, but it is just not recognized yet.
by Kristinn Taylor
Sanders and Omar embraced on stage and then held hands aloft in solidarity before the cheering crowd.
Short excerpt from Omar’s speech:
The Sanders-Omar rally was moved to UM’s larger (14,625 seats) Williams Arena from the 2,700 seat Northrop Auditorium to meet demand. Sanders does not appear to have come any where close to a capacity crowd as the photo below shows the upper bowl completely empty.
OCTOBER 29, 2019
Morris served as an advisor to Bill Clinton while he was in the White House, and has ties to both Clintons going back decades.
“She feels entitled to do it. She feels compelled to do it. She feels that God put her on the Earth to do it.” Morris said during a recent interview.
“She’s hesitant because she realizes the timing is bad. In the old issue of sexual harassment, the focus has shifted from the perpetrator to the victims…when your focus is on the predator, that’s Bill Clinton’s problem, but when you look at the victim’s…that’s her.” Morris added, arguing that Hillary’s efforts to ignore her husband’s sexual indiscretions are taking a toll.
Morris claimed that Hillary is waiting for Joe Biden to inevitably drop out.
“She’s got to wait until Biden drops out because he’s obviously next in line for it, and if he goes away, there’s an opening for her,” Morris said.
“Make no mistake. She wants it,” he added.”She’s planning on it. She’ll do everything she can to achieve it.” he added.
In the past few weeks, Hillary has made several comments indicating she is at least considering another run.
During an appearance on PBS Newshour, Clinton teased a 2020 run against Donald Trump by bizarrely asserting, “Obviously I can beat him again.”
Clinton then fanned the flames of speculation about a third run for president again when she tweeted at Trump, “Don’t tempt me.”
3 genders: Male, female, crazy wackos.