Posted on 03/14/2016 12:13:04 PM PDT by jazusamo
After Vieques, F Them!
think Greece........ it can go on for ever and ever
(and will)
Bump!
For starters, needs test the pensions. Reduce the pensions accordingly where there is no demonstrable need.
Liberals are already talking about doing this for social security, even though the "rich" have paid into the plan and many government employees have paid little or nothing for their gold-plated pensions.
The TARP bailouts in 2008 at least dealt with firms that were paying income taxes to the US. NO US bailout for PR!!
PR is not a State and the citizens there pay no US income taxes. Their citizens can’t even vote in the US General elections. Their citizens oppose becoming a US State because of the income taxes. ...Their debt problems are due to inept government leaders, not the US taxpayers.
Apparently none of these Democrats are holding Puerto Rico Bonds, or they wouldn’t be in such a hurry to allow Puerto Rico to declare Bankruptcy.
A large portion of my retirement income is derived from these bonds. I agree that some sort of restructuring is needed, but I don’t feel that P/R should be given the right to wipe out debt that is legally owed to the bondholders.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.