Message to Puerto Rico..... Go to hell.....
ditto
Too late...they’re all in eastern Polk County Florida. And just watch what happens to Florida’s Congressional delegation with the new state supreme court drawn districts...
Message to Puerto Rico..... Go to hell.....
Couldn’t agree more....Hated that place when i was in the Navy....They wanted Rosey Roads closed...eff’em.
“Message to Puerto Rico..... Go to hell.....”
That’s the problem. They need to be allowed to do a Chapter 9 bankruptcy or their defaulted debt will just be hanging out there waiting for someone to “buy” up the debt and using political connections, get the Fed to buy the “asset”.
They aren’t paying. Whether through default or Chap 9, they aren’t paying. Default actually costs them less money, but it also means that they have no chance of doing anything but self-funding their government operations. That means a large fraction of those who work for or depend on government services will no longer do so.
It will be a laboratory for the rest of the US and would be interesting....
Still a negotiated Chapt 9 will give them an opportunity to get some level of financing and avoid the full crush of their poor decisions....