End statutory USA citizenship.
Let them default.
Give them the Arecibo Radio Telescope (great location for a skateboard park):
Posted on 05/18/2016 10:36:06 PM PDT by Olog-hai
After weeks of delays, House Republicans are moving forward with legislation to help Puerto Rico manage $70 billion in debt.
A revised bill introduced late Wednesday would create a control board to help manage the U.S. territory’s financial obligations and oversee some debt restructuring. Though it is the third version of the legislation, those objectives remain unchanged.
House Natural Resources Committee Chairman Rob Bishop, R-Utah, has led negotiations on the bill and has worked closely with House Speaker Paul Ryan, R-Wisc., congressional Democrats and the White House. The aim has been to write legislation that could pass both the House and the Senate before Puerto Rico defaults on a $2 billion debt payment due July 1. …
(Excerpt) Read more at hosted.ap.org ...
Screw P.R. I’d cut them loose. They act like a 3rd World country, they can live like a 3rd world country.
did we send an “Economics 101” text book to every “citizen” there???????
Ugh! I want to say something else with an “f”, but I will have to live with Ugh.
Next up: California or Illinois.
70% of folk in PR are on US tax payer funded welfare. These people are lazy bums.
“Hi, my name is Uncle Sam and I’m nearly 20 TRILLION dollars in debt.. How can I help you manage your finances today, Mr. Rico?”
Burn it all down. Build something strong and clean in the ashes.
End statutory USA citizenship.
Let them default.
Give them the Arecibo Radio Telescope (great location for a skateboard park):
Vote after the election if PR goes Democratic let them swim.
Bond holders priced in a default, let then get what they paid for, or return the excess fees and interest charged.
Let the greedy investment companies and banks who loan PR
this money, take the loss.
Maybe they will learn a lesson.
>>they can live like a 3rd world country.
Except for a few blocks in San Juan, they do.
Isn't the aim, to write legislation that will bail them out? How I despise politicians.
Cutting PR loose creates a new Cuba. They need to reinstate the tax breaks that Clinton did away with. They need to establish a control board like they did with Wash. DC and manage the finances and the government. As to their debt, everybody gets a 15 percent haircut and reamortized bonds.
Paul Ryan’s behind this. It does make one wonder what bond holders will benefit from a bailout.
And what about all the insane benefits and unsustainable pensions paid to all the government workers? They need to equally feel the pain as this also contributed to the crisis. Heck, some of the largest bonds issued were to cover exorbitant pension obligations. Keep in mind, Puerto Rico touted the fact that it can’t declare bankruptcy and bond payments would take precedence to these payments when selling them to the various investors. If we’re now asking investors to waive those promises, public unions and government workers must share the pain.
the more i see and hear of Paul Ryan the more i can’t stand his sorry RINO ass.
Past time to Cantor his sorry ass.
Giving them nearby federal land isn’t a bailout?
Breitbart has a good article on the Obama cronyism at work:
http://www.breitbart.com/big-government/2016/04/14/obama-cronies-cash-puerto-rico-bailout/
Is it any surprise that Paul Ryan has been “spearheading” the solution for Obama?
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