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.
This is what we mean when we describe Mayor Cliff Notes’ fiscal incompetence and irresponsibility. Mayor Notes beclowningly out-stupids himself on a near daily basis. It isn’t dumb enough to borrow long term to pay current operating expenses. That’s akin to opening the hull of a leaking boat to try and let the water out. This never works. Ever. Not to be outdone by his previous idiocy, Mayor Cliff Notes is dumb enough to pay interest in order to borrow long term to pay interest on previous long-term borrowings. Will the Blind-as-a-bat ceidt ratings agencies even notice? They might be… Read more »