-- 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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I look at this another way. Since many of us are considered obese the ocean’s are not rising the U.S. is sinking. So I am blaming obesity for climate change or put simply many of us have more gravity than others.
And here we see the part of the story the climate alarmists never mention: historical data. Sadly, the average person can’t be bothered to do a bit of research either.
Exactly, and historical data shows that as little as 20,000 years ago, all of Chicago was under a glacier (yes, glacier) that was nearly a mile high. That glacier melted – rather quickly too – and became what we know as Lake Michigan. But of course, that’s irrelevant to climate alarmists, because it doesn’t fit the narrative.
Indeed. Then they use faulty methods to come to conclusions, and most people just go along with it because of the sorry state of education nowadays. The future is going to hurt.
The faulty methods are all models too. Computer models that predict 100 years in the future to the .01 degree. #TrustAllComputerModels
Not to mention, they come to the conclusion first,then look for data to try and prop that conclusion up. It’s downright frightening the number of people who actually believe that we as humans are somehow going to destroy the earth in the next 10 years.
You say that with conviction and more than a hint of arrogance. How can any of us be SURE their point of view isn’t the right one? In short, we can’t since no one can perfectly predict the future. Does the phrase “its better to be safe that sorry” mean anything to you here?
James, let’s say you’re correct and the earth is warming. This is fantastic news for civilization. Rome as a civilization flourished during the “Roman Warm Period” from 250 BC to AD 400 during which temperatures were warmer than they are today. The Alps where Hannibal crossed with his elephants was only possible because it was warm out! They’ve found olive presses high in the mountains in Greece, presumably near olive trees, in areas today that cannot support much more than shrubs. The tundra will open up and become viable farmland to feed millions upon millions of people. And with so… Read more »
The town I live in has the word “heights” in it. Do you know why? Because it is slightly higher than the surrounding area. But Illinois is so flat, how can it be higher? Well, my friend, it’s because the glacier, as it retreated, would occasionally go through cold spells where it would freeze again and expand outward, and when it stopped expanding, it left a bunch of dirt and debris, which formed ridges. Such as Arlington Heights, Park Ridge, and the infamous “Ridge” avenue in Chicago. All ridges from glaciers as they, yes, expanded and retreated during the last… Read more »
Nothing generates comments like a story on climate. Well, OK, maybe property taxes.