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 city is going belly up like a dead mackerel.
A 68% budget increase in 6-7 years, much of it permanent programs and city jobs funded by temporary federal COVID money is bad enough in a city where over 50% of the revenue goes to debt and pensions, but wait until the pension explosion resulting from all that hiring kicks in. Daley sold the parking rights and skyway, those were huge mistakes, and it’s gotten far worse sense. That light at the end of the tunnel ain’t going to be pretty.
The skyway sale is a terrific example of the folly of government thinking. Drivers pay the toll, expenses can’t be covered by the tolls, so raise the toll to cover expenses and watch more drivers not show up. Never cut expenses, raise the price. Chicago/ Cook County is lost.
It’s only just begun… (and the best it not there)
If only we could do like JB does, take the toilets out of the house to avoid the property taxes.
“it’s a moral catastrophe” Well said.