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If you like the Greek debt crisis, you'll love the Puerto Rico meltdown
American Thinker ^
| 06/29/2015
| Rick Moran
Posted on 06/29/2015 6:43:57 AM PDT by SeekAndFind
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To: Soul of the South
The public pension chickens are coming home to roost.
They're going to cover that by confiscating IRA's and 401K's. Google "Theresa Ghilarducci".
To: SeekAndFind
And no doubt they kept buying knowing Fedzilla would have to come in and bail them out too.
Privatize the profits, socialize the losses.
To: Soul of the South
Debt is not imaginary and never goes away unless actually paid off. So what happens when states’ debt is “paid for” with fiat money?
23
posted on
06/29/2015 8:30:11 AM PDT
by
Texas resident
(The democrat party is the CPUSA)
To: Buckeye McFrog
I believe that could happen as well.
24
posted on
06/29/2015 8:30:13 AM PDT
by
SaveFerris
(Be a blessing to a stranger today for some have entertained angels unaware)
To: SeekAndFind; rrstar96; AuH2ORepublican; livius; adorno; wtc911; Willie Green; CGVet58; Clemenza; ...
Puerto Rico Ping! Please Freepmail me if you want on or off the list.
25
posted on
06/29/2015 8:30:48 AM PDT
by
cll
(Serviam!)
To: Mariner
Remember all the calls here for 51st state?
26
posted on
06/29/2015 8:44:33 AM PDT
by
SaveFerris
(Be a blessing to a stranger today for some have entertained angels unaware)
To: SeekAndFind
I thought everyone there was on welfare?
To: House Atreides; SeekAndFind; Old Sarge; JRandomFreeper
"$72 billion? How the hell did they run up that much debt?"
The same way my ex-wife did!
28
posted on
06/29/2015 11:24:30 AM PDT
by
Kartographer
("We mutually pledge to each other our lives, our fortunes and our sacred honor.")
To: Kartographer
29
posted on
06/29/2015 11:33:08 AM PDT
by
Old Sarge
(Its the Sixties all over again, but with crappy music...)
To: Old Sarge
Yeah you can look back and laugh now! ;-)
30
posted on
06/29/2015 11:38:54 AM PDT
by
Kartographer
("We mutually pledge to each other our lives, our fortunes and our sacred honor.")
To: Texas resident
“Debt is not imaginary and never goes away unless actually paid off. So what happens when states’ debt is “paid for” with fiat money?”
Debt can also go away when there is a default on the obligation. It may be we are about to be treated to a spectacle where Obama, the Democrats, and the media unite to demand the US Treasury partially bail out Puerto Rico. If the GOP doesn’t agree it is because they are prejudiced against brown people and the poor. If the GOP caves and supports a Puerto Rico bailout from the US treasury, a precedent has been set. When Illinois, California, New Jersey, Michigan, Massachusetts or another liberal f
I no longer have any confidence the Republicans will hang tough on a Puerto Rico bailout, particularly with election year politics underway. Rove will tell Boehner and McConnell to capitulate and get it out of the news.
31
posted on
06/29/2015 1:10:47 PM PDT
by
Soul of the South
(Yesterday is gone. Today will be what we make of it.)
To: SeekAndFind
They get 1.5 billion a year in food stamps.
At the going rate that’s $750 million a year they could get trading them for cash...
32
posted on
06/29/2015 1:19:43 PM PDT
by
mrsmith
(Dumb sluts: Lifeblood of the Media, Backbone of the Democrat/RINO Party!)
To: SaveFerris
Remember all the calls here for 51st state? I remember G.H.W. Bush's call early-on during his run for the Presidency.
33
posted on
06/30/2015 5:07:56 AM PDT
by
Does so
(SCOTUS Newbies Will Imperil America...)
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