Puerto Rican Gov. pushes Congress to change its mind on debt

Associated Press ^ | Dec. 17, 2015 4:03 PM EST | Mary Clare Jalonick

[Olog-hai]

Puerto Rico's governor pressured Congress on Thursday in a last-ditch effort to win debt relief for his territory before the end of the year, warning that the island is headed toward a "humanitarian crisis under the United States flag."

Gov. Alejandro Garcia Padilla lobbied lawmakers to oppose a massive year-end spending bill that fails to include the debt restructuring that Puerto Rico is seeking. In an interview with The Associated Press, he said Congress must act soon and he was hoping negotiators would change the bill, a step Republican leadership has ruled out. ...

[ICE-FLYER]

The leftist fraud democrats who have run Puerto Rico into the fiscal ground want a bail out and dare to suggest its the fault of the country with their “Humanitarian crisis under the US Flag” BS. While they are US citizens they have kept people in power that did this to them so in may ways I do not feel sorry at all.

[Pearls Before Swine]

First PR, then Illinois. Sounds like a plan.

[Cyman]

Tell the gobernador to ask his separatist activists to finance the debt

[headstamp 2]

“We sh** our bed, can you come clean it up for us?”

[Popman]

I say give them the money only if congress passes a law making it illegal to hang the little PR flags off your rear view mirror.../ s

[Lurker]

Not just no, Hello No!

L

[FlingWingFlyer]

Isn’t it funny how socialists are always wanting somebody to bail their asses out? Capitalism works, socialism doesn’t work. It never has. Somebody has to pay the tab when the socialists run out of other people’s money.

[Iron Munro]

Who does this overspending leftoid think he is - Barack Obama?

Cut Puerto Rico loose and let them go their separatist way as an independent nation.

We don’t need any more whiners trying to guilt-trip taxpayers out of the few dollars the feds haven’t already stolen.

We have more than we need right here in the states.

[vpintheak]

To all these money grubbers, I would like to ask them what has changed in the last 50 - 100 years that they require so much legalized theft.

[JoeFromSidney]

From the standpoint of the USA, the best thing that could happen to Puerto Rico is that it sink under the ocean. So long as it is a dependency, or worse yet a state, it will continue to be a sinkhole for American taxpayer money. If we grant it independence, it will soon come under the control of someone like Castro or Chavez. Shortly after that it will become a base for Russian or Chinese missiles and submarines.

[shalom aleichem]

With the spending orgy just sealed by Paul Ryan and his Democrat majority I would guess that this little a$$hole got his wish!

$1.5 Trillion in new spending!!!

[kingu]

Dear Governor Padilla,

Your territory paid dearly in the last round of debt funding as the financial market was ‘worried’ that they were ‘exposing themselves to junk debt.’

So either go to those same people and say ‘lower our rates back to normal, or we'll default as you ‘worry’ about’ OR actually default.

The investors have already supposedly built in the risk of default into the interest rate. If you do not default, there is no basis for that risk.

Honestly, defaulting is really the only valid action at this point. Creditors have already declared openly they have no desire at all to lower their rates.

Oh, and STOP EMBEZZLING PUBLIC FUNDS. You can't take from someone’s future budget; that means zero benefits that aren't fully paid for, including promises of benefits for retirement - if you can't pay for them all with the current budget, then they go away.