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-- -- -- I think it's political theater I think the deal is our had been cut.
I think it's been cut so that there -- people of Chicago and another -- you know they don't know -- that results from B they pony up.
For another round party paying 71 cents on the dollar -- -- great state for pension and health care.
-- -- As I said from the very beginning of the strike in Chicago that teachers union head Karen Lewis.
And mayor Rahm Emanuel were in collusion there was political theater from the beginning.
And the losers in this deal are the students and their parents.
I want to demonstrate Q just how right I walked this isn't news well a little and it's.
A little ego because.
I am so tired of the national media focusing on the story like this and not even reporting the details I don't ask that they always understand.
But it least report them.
-- Chicago is already face an estimated one billion dollar deficit we start up.
One billion by the end of this year the Chicago Public Schools.
Billion -- These teacher raises.
In this new deal.
That the that the mayor is just telling everybody it's a win for our students it's a great thing.
We're it's our reform of the Chicago schools which are desperately desperately in need of reform.
But this deal folks is a joke Noual I have another 200.
Over the course of this contract teachers by the way in Chicago what are they make they make 76000.
And as I said from the very beginning.
Monday a week ago.
Doesn't include pensions.
Doesn't include health care.
Folks I'm gonna give you a number in a minute that I assure you we will.
-- This the -- by the way the among the highest in the nation this was before this new contract.
And by the way they told everybody it was a 2% increase of three to two.
Now it's a four point 4% per year.
At a minimum because you throw -- merit pay America means that -- Seniority.
And it means education level I -- master's degree that sort of thing.
So you get to four point 4% teachers on average will be getting.
Not this they'll be getting 718.
All right that's it's that's the real -- over four years.
For here -- seventeen point 6% that's not bad is it.
Teacher evaluations by the way you heard Rahm Emanuel talking about they're gonna get things under control their principles are taken over.
They were previously based on the principles while observations -- performance.
And in the third year of the contract 30% of those -- valuations will be based.
Then will be.
Can you imagine.
There is gonna take a few years sparks but we're gonna get at least.
As to how their teachers are actually teaching.
But that won't just fall in line with already state law.
Not a new concession that mayor Emanuel one in this deal and the new contract also link -- school -- to seven hours from five hours and 45 minutes.
At elementary schools and Lincoln's a school you're a 180 days from 170.
You've gone from having one of the very shorter school years in the country.
It simply falling in line with the national average.
You know what's not on line with -- national average in Chicago.
-- graduation rates the Chicago graduation rate.
Is 60% they're drop out rate.
And that's what's next in the media mayor Emanuel Chicago teacher's union backroom dealing well.
I hate to tell you this it's gotta be the pensions I told you about those -- pension sucking up in just term.
Sucking up 71 cents out of every education dollar and Illinois.
This the Harriman analysts -- product and the political theater that was indulged here.
I didn't even address the unfunded teacher pensions the teachers' pension fund.
We've got ten billion dollars and assets that sounds like a lot of money right ten billion.
But they're pulling a billion out.
A billion plots each year.
They may go broke.
Over the course of the next few years because -- paying out more than that one billion here much more than it's bringing in.
And they're not funding it and by the way they were supposed to be contributing to that -- the teachers but -- -- the state and federal government and the local.
Residents and taxpayers and parents of those students get to -- that.
And -- they borrow money to do that to.
So this is a disaster this is a calamity.
It just so you fully understand if -- -- suggest what I've met Chicago's schools are in.
And what I -- this entire teacher deal it is.
-- put this.
One in ten American students attend private schools.
But did you know in Chicago.
Of those same teachers who just signed up for this new deal.
I don't even send their kids to public school in Chicago.
40% of the public school teachers are sending their kids.
To private school.
What does that tell us about the mess in Chicago.
And he got a lot mayor Emanuel.
And the Chicago teacher's union.
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