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.
“a fiscal Sword of Damocles.”–that about sums it up
…and Chapter 9 bankruptcy would untie the Gordian knot of IL’s fiscal situation…