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 bulk of the money will go to fund overly generous pensions. Nothing but a Ponzi scheme run by the state.
Bernie Madoff was honest compared to the state of Illinois.