-- Connecting the dots between our economy, government and business --
“When we get a drought — like the drought of 2012, for example, (it) just blew all the records away because drought affects agriculture, and those numbers just skyrocket. And drought has potentially affected much larger areas than really any other disaster," Illinois State Climatologist Trent Ford said.
Summary and audio linked here.
Chicago’s political leadership is floating a pension buyout program as evidence it is seriously addressing the city’s thirty-six-billion-dollar unfunded pension liability, but Mark Glennon, founder of the Illinois policy research organization Wirepoints, said that the proposal moves debt from one column to another rather than reducing it, and that the broader fiscal picture facing the city continues to deteriorate across every measurable dimension. Audio here.
Expect no retraction or apology. This what they do.
The state’s existing buyout program for its own pensions is the precedent for Chicago, which should be a warning: Look out for similar exaggerated claims and shoddy analysis.
Full interview and summary linked here.
SIGN UP HERE FOR OUR FREE WIREPOINTS DAILY NEWSLETTER
Best explanation of this religion that I have heard thus far…
https://youtu.be/BPVs-hWf7D4?si=8NoqEpDvsPTMXF-e
The woman who wrote this article seems paralyzed by fear. It actually mentions drought risk in Cook County. I think there is a pretty large water source nearby which we are all tapped into. There is very little farmland in the county, and so what if the lawn is brown for 3 months? Drought in Cook County does not make the list of concerns here.
In the very near future maybe some politician will figure out that water is more important than oil by then it may be too late. Having some sort of pipeline to transfer water from one area to another from flood prone areas to drought areas quickly can mean life or death for people and the economy. Desalinating plants should be built but take time. A few years of severe droughts back to back will bring chaos due to shortages and price gouging of limited resources. But is any candidate speaking about this? Not that I know of.
Just wait until they take a second look at those crazy records from the 1930’s and from the 1880’s!
I wonder how cold the Chicago area was 15,000 years ago when it was covered by a glacier a mile high. Must have been pretty cold back then.
Chicago covered by a glacier a mile high, my guess is that Pritzker will declare it climate change.