-- Connecting the dots between our economy, government and business --
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.
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Let’s leave science to the scientists and not play junior scientist.
I’m not a scientist, but the vast majority of climatologists agree that symptoms of global warming include increased occurrences of extreme weather conditions, such as very high temperatures, very low temperatures, hurricanes, tornadoes, etc.
But they disagree intensely on the extent to which man’s carbon emissions are contributing to that warming, the extent of that warming, and the consequences you describe. Contested theories should not be asserted as facts.