Donald Trump does not know that Puerto Rico is NOT incorporated. It is an UNINCORPORATED territory of the U.S.
That means that the bonds issued through Puerto Rico are from the U.S. itself.
That means that the U.S. is in default on these bonds as of midnight last Monday.
So much for “full faith and credit”
full faith and credit went out the gold window
In that case, why don’t we just sell Puerto Rico to Cuba and use the proceeds to pay off the debt?
Hey, the left is always telling us how great Cuba is. I’m sure the people of Puerto Rico would love to wake up one morning and find out they were now part of Castro’s paradise.
We bought Alaska from the Russians. Why can’t we sell Puerto Rico to the Cubans?