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 article is spot on about everything except one thing. The headline. The past pattern has shown that investors do flock to Illinois for the yields and collude with politicians to raise taxes or get a place at the front of the line in bankruptcy. Investors (vultures) like to eat the carcass of this dying state, it’s very profitable for them and not risky at all for them, when the likes of corrupt actuaries, Moodys, Madigan, and Pritzker are their trusty market fixers, they will have nothing to fear. The Ponzi will easily go more cycles.