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 pension systems are going to collapse and then bankruptcy; it is very obvious to anyone with a working brain at this point. Illinois will force the federal government to allow state bankruptcy. Math plus reality equals pension reduction in Illinois, and soon.
Yep. For those lucky slobs who made it through most or all of their retirements courtesy of the abused taxpayers: congrats, you won because of the greed of politicians and unions. For the rest of you: start budgeting accordingly.
Those pensions are a first mortgage on all Illinois privately held real estate. One might do better to budget owning a home in another state.