I heard Puerto Rico is facing a perfect storm. Pardon the pun, not wanting to trivialize the death and destruction.
But it’s a perfect storm because at this time when they are facing recovery from a natural disaster, tens of billions of Puerto Rico bonds are becoming due and payable. They have no way to pay or refinance those bonds. This storm may be what pushes Puerto Rico into full bankruptcy and financial meltdown.
It’s against that backdrop that people are talking up statehood.
They need the dignity, power and self-determination that can ONLY be found through full independence as a Country.
(everyone, repeat this as often as possible!)
Give Puerto Rico its independence. It would be racist and an example of White Privilege to bail them out.
“tens of billions of Puerto Rico bonds are becoming due and payable. They have no way to pay or refinance those bonds. This storm may be what pushes Puerto Rico into full bankruptcy and financial meltdown.
It’s against that backdrop that people are talking up statehood.”
And herein lies my question and I hope that somebody can answer it. If, say for instance, a state such as California went belly up, wouldn’t the other 49 states under the auspices of the feds, be required to bail them out?
Even though PR is a possession and not a state, aren’t we under the same obligation? My point being that it wouldn’t require statehood to be the beneficiary of such protection.
I’m throwing this out there because I don’t know the answer.