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.
If a state cannot afford their pensions they should end their pensions. The taxpayer has to worry about their own retirement. The average person has much less at a retirement age of 67 than the public sector does at age 55. Not fair at all.
PPF would remind us that the government HR/recruiting office was open to everyone.
Nevertheless, the way out is the only way out.