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.
His plan: rob Peter to pay Paul. Did anyone tell him it never works. How about cutting wasteful spending and political hires?
Turns out it’s a lot harder to “first, get the money” than they thought.
Pension costs are so high and so unbalanced they will likely never get paid. All the money the taxpayers have is not enough to pay for the huge generous pensions paid at young ages with 3% annual increases for 30 plus years. Greed is good.