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 future is full of doom and gloom. The root cause is overly generous pensions that were promised so the politician could buy the public sector vote.
Overly generous pensions are unsustainable. There is not enough money to cover future cash flows. It is nothing but a Ponzi scheme, paying benefits with new contributions (PONZI).
Largest generational theft in history.
The old Illinois Revenue sharing fiasco marches on. Perhaps if people would have been against to begin with we wouldn’t be where we are…but I know politicians don’t lie blah blah etc.