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Puerto Rico's Crushing Debt Is Unpayable – And The Fallout Will Hit Florida
WLRN ^
| 6/30/15
| Tim Padgett
Posted on 06/30/2015 12:36:02 PM PDT by Kartographer
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Once these dominoes start falling....
To: Kartographer
They ran out of other people’s money.
But used it for generations to keep the corrupt in power.
2
posted on
06/30/2015 12:37:10 PM PDT
by
2banana
(My common ground with terrorists - they want to die for islam and we want to kill them)
To: Kartographer
3
posted on
06/30/2015 12:37:18 PM PDT
by
BlueStateRightist
(Government is best which governs least.)
To: Kartographer
Now the question, will the RINO Congress refuse to bail them out.
4
posted on
06/30/2015 12:37:48 PM PDT
by
MUDDOG
To: Kartographer
Money leaves a trail.
Where did the money go?
5
posted on
06/30/2015 12:39:27 PM PDT
by
blueunicorn6
("A crack shot and a good dancer")
To: Kartographer
One way or another the Anglos will be paying for this.
6
posted on
06/30/2015 12:42:15 PM PDT
by
I want the USA back
(Media: completely irresponsible. Complicit in the destruction of this country)
To: Kartographer
There are things they can do like privatize services like power and water cut pensions reduce the number of employees and get Congress to restore benefits corporate tax treatment Also lot of people need to go to jail
7
posted on
06/30/2015 12:46:08 PM PDT
by
Jimmy Valentine
(DemocRATS - when they speak, they lie; when they are silent, they are stealing the American Dream)
To: 2banana
They burnt through free US taxpayers money
8
posted on
06/30/2015 12:47:18 PM PDT
by
shotgun
To: Kartographer
$73 billion in debt is about two months for us!
9
posted on
06/30/2015 12:49:36 PM PDT
by
jpl
("You cannot defeat an enemy you do not admit exists." - Lt. General Michael Flynn)
To: Kartographer
This default will effect far more than FLA.
The insurers, grandmas and those holding the wrong end of the Credit Default Swap.
With Greece defaulting, there could be a cascade effect that will put a brokerage or two on the bubble.
10
posted on
06/30/2015 12:50:50 PM PDT
by
Mariner
(War Criminal #18 - Be The Leaderless Resistance)
To: I want the USA back
I say we just flip the Island over and start over! ;-)
11
posted on
06/30/2015 12:51:35 PM PDT
by
Kartographer
("We mutually pledge to each other our lives, our fortunes and our sacred honor.")
To: Kartographer
So Puerto Rico and California share more than their native language of Spanish?
Why do I think I’ll end up helping pay off this debt, which was incurred buying votes for Democrats and providing benefits to useless people who hate me?
To: Kartographer
Send a bunch of Marines to one side of the island and cause it to capsize. But make sure all the Marines have on life jackets and a foreign ship to pick them up.
13
posted on
06/30/2015 1:01:19 PM PDT
by
VerySadAmerican
(I'll vote for a democrat before I'll vote for a rino.)
To: BlueStateRightist
"But the U.S. government has a technology, called a printing press (or, today, its electronic equivalent), that allows it to produce as many U.S. dollars as it wishes at essentially no cost. " -Ben BernankePuerto Rico can not print money.
14
posted on
06/30/2015 1:04:09 PM PDT
by
Sooth2222
("In a democracy people get the leaders they deserve." - Joseph de Maistre, 1753-1821)
To: Kartographer
I approve of this plan...
15
posted on
06/30/2015 1:08:27 PM PDT
by
EEGator
To: blueunicorn6
——Where the money go?——
Same place all the gibsmedat money goes in the usa...
Cell phones, nice cars, jewelry, I mean bling, tats, grill work, big screen TV, drugs, liquor, lobster, choice cuts of the best steaks...
transfer payment from the productive to the parasites...
PR problem is they have no productive class large enough...
Heck a 1\3 of the country is on ss disability...paid by you...
16
posted on
06/30/2015 1:16:11 PM PDT
by
Popman
(Christ Alone: My Cornerstone...)
To: blueunicorn6
Money leaves a trail. Where did the money go?
Oh yeah, where did Quadaffi's money go after Hillary killed him?
17
posted on
06/30/2015 1:17:04 PM PDT
by
itsahoot
(55 years a republican-Now Independent. Will write in Sarah Palin, no matter who runs. RIH-GOP)
To: Kartographer
Maybe they can elect Jeb Bush El Presidente.
18
posted on
06/30/2015 1:17:51 PM PDT
by
McGruff
(Eat a snickers...)
To: Kartographer
Oh boy,
More Puerto Ricans.
19
posted on
06/30/2015 1:23:04 PM PDT
by
Joe Boucher
( Obammy is a lie, a mooselimb and pond scum.)
To: 2banana
Puerto Rico had a chance to get things straightened out a few years ago, and in fact things were improving (with an excellent GOP governor, who cut back the bennies and the massive government employment). The SEIU and its spawn managed to get him defeated, replaced him with a leftist Dem, and it’s been out of control and downhill ever since.
Most of this is simply from spending too much on government, with huge numbers of people working for a completely non-productive government, which of course is right up the SEIU’s alley.
20
posted on
06/30/2015 1:23:29 PM PDT
by
livius
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