Where's the direct hit? Sorry, not seeing it...
As of Sept 19 1500Z (11 AM Eastern)
Posted on 09/19/2017 7:54:09 AM PDT by Wally_Kalbacken
Puerto Rico, already trying to dig itself out of a historic financial crisis, is now facing a direct hit by a major hurricane that could destroy any progress the U.S. territory has made under a year-old economic rehab plan ─ and set it back further.
Hurricane Maria is forecast to hit Puerto Rico early Wednesday, testing the local government's ability to respond to a humanitarian disaster. While the Caribbean island of 3.4 million people is accustomed to tropical storms, it hasn't been hit by a Category 4 or 5 hurricane since 1928.
(Excerpt) Read more at nbcnews.com ...
"Rep. Nydia M. Velázquez, D-N.Y., said in a statement that she had asked the Department of Energy and Promesa's financial oversight and management board for help "shoring up the Island’s ailing energy infrastructure.""
The entire point of Puerto Rico's flirtation with bankruptcy or something just like it (i.e., PROMESA) is the huge amount of municipal debt they had to service. IIRC, the amount due to municipal utility debt was the majority of the $70-80B in municipal debt. If they spent that much on utilities for a small area, how could it be ailing? A totally corrupt mess.
In a case like this, bankrupt doesn’t even matter.
LOL it will make them more bankrupt, no statehood, ever.
Where's the direct hit? Sorry, not seeing it...
As of Sept 19 1500Z (11 AM Eastern)
I guess we are supposed to feel sorry for Puerto Rico because they elected crooks to run their government.
I don’t.
They voted for bankruptcy.
I don’t wish a hurricane on them, though.
I wish discernment on them.
I wish they would quit voting for thieves in the hope that the thieves will steal some for them.
What makes Puerto Rico different, then say, Illinois?
Anyhow, the first order of the day is safety. The rest can be talked about at a later date.
We should place Puerto Rico under a control board like we did Washington DC. Cut non essential services and gov. employees. Offer tax incentives to businesses.
Thanks. I stand corrected! Prayers out to Puerto Ricans.
We have a trip planned for PR end of this month 9.30 - 10.08 We live in FL and just went through Irma, now this...
I live in FL and understand, I wouldn’t wish a hurricane or its dislocations on anyone.
Just pointing out the fact that the massive bond debt in PR, which ostensibly went for capital expenditures in their municipal utility sector, seems not to have made it into actual infrastructure. When the issue of adding them as a state comes up, the only argument for it might be that it would free Illinois of the distinction of most corrupt state in the Union.
Trump....jkust keep those f**kers out of the U.S. afterwards. Far too many Puerto Ricans come here as it is. We gain nothing from PR as a territory
For starters Puerto Ricans are Americans-for now. I say independence. As for it being broke with a hurricane coming think of California being broke with a tsunami + an earthquake at the same time.
That POS terrorist Rivera that the Kenyan excrement pardoned can go run PR.
All Puerto Ricans are U.S. citizens.
That large island SE of Cuber a’int Puerto Rico.
Yep, I just haiti when that happens.
On the bright side, there’s no where to go but up.
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