Much of the routine trade and investment between China and America is entirely appropriate and in America’s interest. But inserting the Chinese Communist Party into America’s pay-to-play system and its economic development strategy isn’t just crossing a line. It’s a leap into an abyss of stupidity.
The expenses for the now-canceled big summer festivals were going to funded (at least partially) by the revenues generated by those same now-canceled festivals. No event means no revenue. By reallocating this expense without a corresponding revenue line item, where will the money come from now?
That’s how budgeting works, right? What am I missing here?