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.
“Illinois chronic under-spending….” ???
Illinois does under-spend, our state parks and facilitates are garbage, and we don’t spend enough for other services. Our crown jewel – Illinois State Beach – is a dump. Because there’s little money left over for basic stuff after paying the pensions, medicaid, and the interest on our debt.
Uh oh, Ralph is peddling pension re-amortization again. His chart looks great until you read the fine print: 72% target funding in 2045 instead of 90% and we have to borrow money via risky POB’s to even get that close.
Re-amortization = can kick.
This article proves that the term “progressive think tank” is an oxymoron.