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May 9, 2017

Puerto Rico is in a deeper hole, with much more suffering than any of the moderate cuts would have imposed.

Unfortunately, a number of cities and states on the mainland are walking down the Puerto Rican highway toward bankruptcy and disruptive adjustment. There, the liberal press is still hailing the politicians who are willing to plunge their cities and states into chaos for the sake of popularity: the press often calls them bold, innovative and visionary. They have a lot of ideas about the things they want to do with other peoples’ money, while people who insist that budgets must be cut, and that pension obligations be met, are still being attacked for everything from racism to sadism. The Cruelty of Blue - The American Interest

Posted by gerardvanderleun at May 9, 2017 8:36 AM. This is an entry on the sideblog of American Digest: Check it out.

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