David McCormick, junior senator from Pennsylvania, has filed a disclosure informing us that he sold somewhere between $100,001 and $250,000 worth of Pennsylvania State Turnpike Commission revenue bonds sometime in late May. We know this because he told us exactly one month later, which is the legally required window, and not a single day sooner. Compliance is a lifestyle.
The bonds were yielding a cozy 5.25% and weren't set to mature until 2030, so this wasn't a position bleeding out. Someone made a choice. A choice about toll road debt. In Pennsylvania. Where he is a senator. We're just going to leave that sentence there and let it breathe.
Now, to be absolutely clear: we are not saying anything improper happened. The STOCK Act exists precisely so that citizens can observe these transactions and feel whatever feeling naturally arises. Consider this post that feeling, formatted.
The disclosure range runs from $100,001 to $250,000 because Congress decided that knowing within $150,000 was close enough. Precision is for people who don't make the rules.
The chart on Pennsylvania turnpike infrastructure sentiment remains unavailable. We will update you if that changes. It will not change.
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