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 author makes a good empirical case for lost bond proceeds. I still can’t past that The state of Illinois is likely paying 40 percent of its budget on pension and opeb pbligations. And the numbers will get become worse, with no fair tax being able to come close to drawing down the debt. Residents with means at some point will not pay for services long ago provided. Throw in the corruption, and a remaining population with a heavy reliance on social services, and lost bond proceeds, while regrettable, seem to be minor in comparison.