Eric Ruder breaks down how Chicago officials are using a budget “crisis” to help out their banker friends and advance their strategy of restructuring public education.
Now the underhanded logic of Rahm’s re-election campaign should be plain to see. When he said that he was the only one with the necessary experience to get Chicago out of its looming budget crisis, he meant that he had experienced friends in the banking sector who would benefit from revolving the city’s debt and continuing massive borrowing at high interest rates–and he had enemies in the public sector to punish by making cuts in school budgets and teachers’ compensation.
Read the Article: How Chicago schools went broke on purpose | SocialistWorker.org