Posted on 07/08/2015 2:44:30 PM PDT by Olog-hai
Leading House Republicans declared their opposition Wednesday to allowing debt-ridden Puerto Rico access to Chapter 9 bankruptcy protections, raising new uncertainty about how the island can emerge from its financial crisis.
A statement from House Judiciary Chairman Bob Goodlatte of Virginia said members of his committee share a concern that “to provide Puerto Rico’s municipalities access to chapter 9 of the Bankruptcy Code would not, by itself, solve Puerto Rico’s difficulties, which are associated with underlying, structural economic problems.” …
(Excerpt) Read more at hosted.ap.org ...
Bad news for Jeb Bush and his Florida cronies.
In Boehner speak, we all know this means the US Taxpayer is about to BAIL OUT Puerto Rico.
Roll Over Fido.
He was against the bailout before he was for it. They’re all like John F. Kerry.
Puerto Rico is a territory, not a state, they do not enjoy the same benefits that a state does, nor do their cities enjoy the same benefits that cities in states do.
Puerto Rico could choose to become their own country (HAHAHAHA), become a state (HAHAHAHHA), or continue to whine about their problems... Either way, paying for their debt is the first step to any decision. Oh, and not racking up any more debts while doing so.
Puerto Rico’s problem is Puerto Ricans.
Amen. In Boehner speak, that means we won’t vote for that until we find a reason to vote for it. We’re waiting for Harry and Nancy to tell us what to do.
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