In response to:

Chicago School Leaders Don’t Know How They’re Going to Pay for the New Contract!

Donald103 Wrote: Sep 22, 2012 9:51 AM
You got it. Now how are you going to pay for it? This question comes up all over the country. The answers-taxes (more depression of the economy), borrow (erode further the quality of our bonds) and print it (assuring inflation-if the economy every recovers from all the blows dealt it by the Federal government. First the unsecured loans mandate, then the bundling by the banks to try to off load the risk to unwary investors, then the unspoken promise that the government would make the taxpayers take the fall in case the risky investments the banks made to make up for their losses on the loans. Makes a rather ugly picture about the actions of our Federal government. Don't forget all the harm done by government service unions-titled bargaining
The successful business leaders that sit on the Chicago Board of Education must have checked their brains at the door when they went into the negotiating room with the teachers union. How else could they possibly negotiate a contract that the school district can’t possibly afford?

Truth be told, if board member Penny Pritzker’s Hyatt Hotels operated that way, they’d be out of business. But, alas, this is government. They strike deals with unions and figure out how taxpayers will fund it later.

Reuters tells us:

“Chicago public school teachers returned to...