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.
No City should contribute to the pension PONZI scheme. Let the thing go broke, the sooner the better. End the pain and start all over with 401K plans.