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.
Perhaps it’s in there and I missed it, but I haven’t seen what recourse the Fed has if Illinois decides to not repay it’s MLF ‘loan’? I strongly suspect that Pritzker could by ‘executive order’ declare the MLF Fed loan to be canceled due to the Covid-19.
Borrow all you want from Municipal Issue Liquidity Facility, won’t do any good without spending reform which the Democrats staunchly refuse to do.