Why not? It appears lot of people have no qualms with bankruptcy.
The Uniparty is going to do it anyway... they want to see which side can claim the credit first.
The government of Puerto Rico has been running a Ponzi Scheme for years.
No more money for these con men!
Here’s an idea. Cut your expenditures until they match what you take in for taxes.
Part of the cost of making such a bankruptcy declaration will be receivership managed by a third party to renegotiate all the public employee sweetheart pensions as well as loss of statehood and the right to vote in federal elections.
I, for one, would love to see the fiscally responsible counties in California to be able to band together and apply for readmission to the union as new conservative states.
Bankruptcy means that bondholders should take the losses.
Unless of course they support the Clinton Foundation, in which case there can no doubt be found some money to make them whole.
The Dems will negotiate...
“Either make it a state (2 guaranteed Dem senators and reps in perpetuity) or let them go bk”
Because you're an alarmist? No, because you're a realist.
This is a twofer for the Dems. It's a nose of the camel under the tent for socializing state and local debt, and it should play well with Puerto Rican Hispanics, wherever they may be. The first is more important--after all, if we can help out Puerto Rico, why can't we help out those poor firemen, police, and teachers whose exorbitant pensions promises cannot be met by the underfunded Illinois pension plans?
Too big to fail...too big to jail.
Big surprise, not. We said they would eons ago.
BOHICA.
After Vieques, F Them!
think Greece........ it can go on for ever and ever
(and will)
The TARP bailouts in 2008 at least dealt with firms that were paying income taxes to the US. NO US bailout for PR!!
PR is not a State and the citizens there pay no US income taxes. Their citizens can’t even vote in the US General elections. Their citizens oppose becoming a US State because of the income taxes. ...Their debt problems are due to inept government leaders, not the US taxpayers.