Posted on 04/06/2016 10:13:02 AM PDT by cll
Here comes the bailout....BOHICA.
They had 100 years of democracy. That’s a pretty good run for a Latin American country.
“I’m just amazed at the ability of politicians to ‘kick the financial can down the road” time after time. I had hoped that California would go bust, and I still hope that it will, but somehow they manage to continually paper over our burgeoning debt. I just imagine the final step will be to try and confiscate the life savings of those of us who worked and saved to provide for ourselves at the ends of our lives. Even in our municipal bankruptcies where the courts have granted the involved cities the right to give “haircuts” to their public employees and their retirements, they have refused to do so. So my guess is that they will succeed in going bankrupt yet again. It’s just a bunch of bullShit!
"State govt, D.C. or P.Rico? IMO, all 3 /s"
I agree.
Delay disability checks a week or two and they’ll come around.
Delay disability checks a week or two and they’ll come around.
Yep.
In Puerto Rico you get Social Security Disability for speaking Spanish.
Puerto Rico is the new Haiti.
“Puerto Rico is the new Haiti.”
The most hilarious part of all this, is that I’m seeing ads trying to get folks to call their Congressman to stop them from letting PR declare bankruptcy.
Who in their right mind would ever be involved with loaning money or buying bonds from Puerto Rico? Well apparently lots of hedge funds and retirement funds. PR will not pay them back. That money is long gone through cronyism and corruption.
Legally bankrupt or not, that money is gone.
We need to appoint a military commission to oversee their legislature and manage their finances until P.R. Gets back on its feet. They won’t do it themselves.
What Contractors are they talking about?
It is as if they hired a bunch of strangers to “serve them” instead of handing these contracts to their relatives and friends.
That is another gave of Rican screwing Rican.
They should be proud.
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