Puerto Rico Ping! Please Freepmail me if you want on or off the list.
Posted on 04/23/2015 11:01:54 AM PDT by Kartographer
Puerto Rico's Government Development Bank warned Wednesday that it is very likely the U.S. territory's government could be forced to shut down in the next three months because of a lack of funds.
The bank made the warning in a letter made public a day after it was sent to Gov. Alejandro Garcia Padilla and the presidents of the island's Senate and House of Representatives.
"The island's financial state is extremely uncertain," the letter said. "A government shutdown would have a devastating impact on the economy, with salary and public service cuts, and a long and painful recovery."
(Excerpt) Read more at news.yahoo.com ...
The population of PR is definitely on a long term decline.
http://www.usnews.com/news/blogs/data-mine/2014/01/02/puerto-ricos-population-continues-rapid-decline
just have all the towns send in their extra cash - like Greece!
Puerto Rico Ping! Please Freepmail me if you want on or off the list.
Don’t you mean FLIP over?
Or was that Guam?
I can’t keep these unstable geographic locations straight anymore, it must be global warming...
Who would have thought that profligate spending would lead to bankruptcy?
School taught me that governments can’t go broke. :)
What!? I was just told by my liberal Democrat neighbor that everything from the gov’t is free!
Puerto Rico Powerball Winner Claims Prize, Chooses To Stay Anonymous
Puerto Rico’s Powerball winner presented one of three winning tickets to last week’s $564 million jackpot, island lottery officials said on Thursday.
But the lucky island resident, who will share the prize with the Texas and North Carolina winners, has chosen to remain anonymous.
Most are already here playing MLB.
Gonna have to steal a LOT more hubcaps I guess! (ducks)
RE: Puerto Rico bank warns of imminent government shutdown
So what’s the problem?
Puerto Rico?
Can’t we give Puerto Rico back to somebody? Spain, maybe? And give California back to Mexico, lock, stock and Hellywood. (Spelling intentional)!
The problem is everyone will high-tail it to the US if the US ever cast Puerto Rico aside.
Government apparatchiks hardest hit
My bet is just the opposite. After a period of pain, similar to a heroin addict detoxing, the economy would do much better than when it had the drag of an overbearing government on its back.
Gee- Since the Obama administration —Social Security Administration has declared that the entire territory of Puerto Rico is eligible for SS Disability -— because—THEY DON”T SPEAK ENGLISH, the island should be flush with money.
Its just going to be another hand in our pocket.
Illinois, California, are you taking notes?
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