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Puerto Rico’s Governor Says Island’s Debts Are ‘Not Payable’
NYTimes ^ | 6-28-2015 | MICHAEL CORKERY and MARY WILLIAMS WALSH

Posted on 06/28/2015 6:37:41 PM PDT by tcrlaf

click here to read article


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To: Gay State Conservative
Didn't they close the military bases many years ago?

And they refuse to vote for either full independence from the USA, or for Statehood.They seem to like the status quo as a territory. All of the rights, none of the responsibilities.

Nice gig, but it won't last for much longer.

21 posted on 06/28/2015 7:05:45 PM PDT by sarasmom
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To: tcrlaf

Great, yet ANOTHER flood of illegals.


22 posted on 06/28/2015 7:06:00 PM PDT by BobL (REPUBLICANS - Fight for the WHITE VOTE...and you will win (see my 'about' page))
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To: tcrlaf

Greece only owes 2x as much.


23 posted on 06/28/2015 7:06:15 PM PDT by Paladin2 (Ive given up on aphostrophys and spell chek on my current device...)
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To: LukeL
It doesn't work that way. Never has worked that way. The legal maxim is "the king can do no wrong." That extends to all government, with "the king" just being shorthand and a reference to the history of the doctrine.

And using a theme that is popular here, it isn't even the governor's fault. It's the voter's fault, so they are the ones that deserve to be punished, locked up, frozen, ripped off, etc.

24 posted on 06/28/2015 7:07:36 PM PDT by Cboldt
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To: tcrlaf

Tax the Millionaires and Billionairs....


25 posted on 06/28/2015 7:08:07 PM PDT by Paladin2 (Ive given up on aphostrophys and spell chek on my current device...)
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To: tcrlaf
no mention of closing Vieques and losing all the money the Navy pumped into their economy though
26 posted on 06/28/2015 7:08:30 PM PDT by Chode (Stand UP and Be Counted, or line up and be numbered - *DTOM* -w- NO Pity for the LAZY)
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To: tcrlaf

Why should they pay their bills? No one else does. Debt doesn’t matter anymore, right?


27 posted on 06/28/2015 7:08:58 PM PDT by ltc8k6
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To: ltc8k6

Debt is just words....and we know how those things work now thanks to that traitor Humpty Dumbty Roberts.


28 posted on 06/28/2015 7:11:39 PM PDT by Paladin2 (Ive given up on aphostrophys and spell chek on my current device...)
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To: kearnyirish2

bump

The money will run out and then what


29 posted on 06/28/2015 7:15:06 PM PDT by GeronL
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To: GeronL
The money will run out and then what

Puerto Rico tips over. That will make two islands tipping over in the last year.

30 posted on 06/28/2015 7:21:13 PM PDT by St_Thomas_Aquinas ( Isaiah 22:22, Matthew 16:19, Revelation 3:7)
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To: tcrlaf

“The debt is only $200,000 for every man, woman, and child on the island. Does anyone see a problem?”

$72,000,000,000 / 3600000 = ?


31 posted on 06/28/2015 7:23:18 PM PDT by TexasGator
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To: kearnyirish2
NJ is in the same boat

CT is too. The latest round of tax increases might cause some of the insurance companies that still remain to leave. And the casinos are generating less revenue.

32 posted on 06/28/2015 7:23:56 PM PDT by grania
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To: tcrlaf

There was a time that Puerto Rico was prosperous..and sent food and produce to the mainland..

But that was when they grew their own food had numerous farms, cattle, and industries..

Then that all changed..by US government edict..

Most food that could be grown in the ideal climate and soil is grown instead on the mainland US and shipped to PR..

Meat also comes from the US leaving the locals paying high prices for food..

The unemployment is skyrocketing where there was little at one time..

Most people owned or worked on the farms and ranches but there are few now...

That’s why its so expensive to visit PR, everything is shipped..


33 posted on 06/28/2015 7:33:29 PM PDT by Tennessee Nana
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To: St_Thomas_Aquinas

lol


34 posted on 06/28/2015 7:33:31 PM PDT by GeronL
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To: tcrlaf

It’s like Greece

except everyone is on US welfare or social security

what could go wrong?


35 posted on 06/28/2015 7:36:38 PM PDT by silverleaf (Age takes a toll: Please have exact change)
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To: tcrlaf

72 B / 3.6M = $20,000 not 200,000... Our own debt is 17T / 318M = $53,459 per person.. We are almost three times worse off than Puerto Rico.


36 posted on 06/28/2015 7:36:56 PM PDT by BRK
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To: BobL

Puerto Ricans are all US Citizens at birth. There might be a flood, but there won’t be a flood of illegals. Besides, if they are running away from debt, why would they leave a place where the debt is $20,000 per person to come to US where it is almost $54,000 per person?


37 posted on 06/28/2015 7:43:03 PM PDT by BRK
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To: BobL

uh, no. they are US citizens already


38 posted on 06/28/2015 7:45:53 PM PDT by beebuster2000
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To: tcrlaf

We will take it from white people. We deserve it.


39 posted on 06/28/2015 7:48:22 PM PDT by Secret Agent Man (Gone Galt; Not averse to Going Bronson.)
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To: Cboldt

That is why it is call “Sovereign Debt”. It is debt backed solely by the “Soveriegn” whether that is a king or a government does not matter. The debt is owed by the sovereign and the debt holder’s only recourse is to the Sovereign. If they renege you are simply SOL.


40 posted on 06/28/2015 7:58:49 PM PDT by FreedomNotSafety
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