Why not? It appears lot of people have no qualms with bankruptcy.
Apparently none of these Democrats are holding Puerto Rico Bonds, or they wouldn’t be in such a hurry to allow Puerto Rico to declare Bankruptcy.
A large portion of my retirement income is derived from these bonds. I agree that some sort of restructuring is needed, but I don’t feel that P/R should be given the right to wipe out debt that is legally owed to the bondholders.