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Credit Agency Blames Chicago Teachers Union for District Downgrade

adrianvance Wrote: Aug 08, 2012 1:06 PM
Having been in a teacher's union I will believe anything bad, nasty, corrupt or vile I hear or read about them. I have never seen such a bunch of skunks since I stopped watching CSPAN's Congress broadcasts. Read The Two Minute Conservative at http://tiny.cc/ahrlhw When you speak ladies will swoon and liberal gentlemen will weep.

Fitch became the second credit rating agency in as many months to downgrade Chicago Public Schools’ outlook from “stable” to “negative.”

Fitch, in its assessment, put the blame squarely on the Chicago Teachers Union.

“The Chicago Teachers' Union (CTU) has filed a number of suits against the board and has voted to authorize a strike over what it considers unsatisfactory terms of a proposed new multi-year contract.

“Fitch believes continued litigation and the strike threat indicate an increase in the already high level of discord between the CTU and CPS, which will make the competing goals of managing expenses and improving...