CALIFORNIA NIGHTMARE

Powerline ^ | 17 July 2021 | John Hinderaker

[Rummyfan]

It wasn’t easy to ruin California, but the Democrats have accomplished it. California’s descent is reflected in the most basic marker of third-world status: it can’t keep the lights on. My colleague Isaac Orr writes:

The abject failure of Califonia’s energy policies is becoming more apparent every day. The Golden State has taken the lead in shutting down reliable coal, natural gas and nuclear power plants and jumping feet first into a grid powered largely by unreliable wind and solar. ***

An overreliance on wind and solar has resulted in a grid that is so unreliable that the California grid operator, the California Independent Systems Operator (CAISO), has resorted to asking Californians to reduce their electricity consumption, which Center of the American Experiment has confirmed means not charging electric vehicles.

[faithhopecharity]

indeed, the California politicians chased almost all of the aerospace industry out of the state

it employed many people

[ought-six]

CalPERS unfunded liability amounts to $150 BILLION. Unfunded liabilities are, as you probably know, debts for which there are no funds with which to pay them. In other words, they are in the hole. Doesn’t sound so solvent to me. CalPERS recognizes the deficit but “hopes” future returns on investments will cover the obligations. More likely, contributions will have to be increased exponentially to address the problem. So typical of government programs: If there is a shortfall, just raise taxes and/or mandatory contributions. Fiscal soundness has NEVER been a government concern.