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Monday, October 28, 2019

From Woke to Broke

"The fact is there is no more money. Period," says Chicago mayor Lori Lightfoot.

She's talking about the teachers' strike that has paralyzed her city's public schools—enrollment 360,000—for the past week. The public employee union is demanding more: more money for salaries (only eight states pay teachers more than Illinois), more support staff (Illinois ranks first in spending on administrators), more teachers per student. Their cause has attracted national attention. Elizabeth Warren joined the picket line.

Which is ironic. Lightfoot is not some stingy Republican. Nor is she a centrist Democrat like her predecessor Rahm Emanuel. She's as progressive as you can get. But she now finds herself in the same position as many of her political brethren: facing criticism for failing to reconcile the contradictions in the left's agenda.

Lightfoot has discovered that there is no limit to the appetite of the constituencies generated by government spending. She has learned that the special interests bargaining for higher benefits also desire policies that make such benefits unattainable. I hope she's taking notes.

Chicago Public Schools has run a deficit for the past seven years. Why? Pensions granted to earlier generations of teachers are expensive. And the cost is growing. A quarter of the school budget is devoted to benefits—money that can't be spent on classrooms, facilities, and instruction. Expect that number to rise as America goes gray and the bill comes due for the promises we made to ourselves.

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.

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3 comments:

Anonymous said...

There is a thing called accountability with lower taxes not keep raising taxes.

Anonymous said...

No darn bail outs. Let them woller in the hole they dug. Same for the California fires. They would rather have 10s of thousands of acres burn, then cut down 1000 acres of timber for fire breaks and fire access roads. Now you will also get to watch your insurance go up, because somebody has to pay to keep the corrupt insurance and banking systems PROFITABLE, the system is corrupt in itself, starting with social security many years ago to what you see now. Get rid of the Fed while we are at it, and screw the international monetary fund.

Anonymous said...

I'm a Union member, but joining a picket line is not enough to get my vote. I wouldn't vote for that stupid bitch if she was running for chief toilet washer, I don't care what tribe she's from.