Let's star by giving them Jerry Rivers back.
Posted on 10/21/2015 10:32:48 PM PDT by Mariner
WASHINGTON (AP) — The Obama administration is calling on Congress to provide Puerto Rico with the support it needs to emerge from a serious debt crisis.
The administration issued a statement late Wednesday saying its efforts to help would not be enough to solve the crisis and only Congress has the power to adequately address Puerto Rico's problems.
The administration proposed a four-step program that calls on Congress to approve restructuring of Puerto Rico's debt burden and then provide oversight for a credible recovery plan. The plan also calls for reforms to Puerto Rico's Medicaid program.
(Excerpt) Read more at apnews.myway.com ...
They were simply betting on Uncle Sugar.
Another bailout for the connected.
So.....teamobama will make sure they can vote dem by 2016?
They already do.
Let's star by giving them Jerry Rivers back.
Who is going to help us?
We are $17 trillion in the red, and everyone knows it may be 10 times that in unfunded mandates. We simply don’t have the money to do anything at all.
When I lived in Chicago I would have sworn the whole damned island had moved there at one point...
Moved back home to Ca in 83 and never regretted it...
Now they have been displaced by “other immigrants from south of the border, primarily from the first place you come to when looking on a map...
Starts with an M...
Rhymes with Texaco...
The teacher asks her class the same question:
Silence....
She tries another tack, like Common Core Geography ...
Ok Barky, can you tell me who it might be, and no this time it is NOT the Muslims!!
Crickets...
Uh, No we don’t!
What is needed is healthy expenditure to see where that money went, all of it, and just WHO was responsible for this fraud.
Puerto Rico does not vote in presidential elections.
They elect delegates to the Republican and Democrat party conventions, but they don’t get to vote in the general election.
This is a slippery slope.
If the fed govt bails out Puerto Rico, then what of states which are in trouble, such as Illinois and California??? Puerto Rico isn’t even a state, but we may bail them out. How could we then not bail out actual states of the United States, once we start down this road????
As they are not a state they got a lot of bucks but the economy went south and now there are tons of Ghost towns...
Where dem chillun done got off to??
http://www.topuertorico.org/economy.shtml
Great write up on what in the wide wide world of Sports has been a goin on down there...
Obama says Congress must act.
What if Congress doesn’t act? Will Obama issue a decree that a bailout will happen??? Considering how he likes to issue executive orders when in his opinion Congress has not acted properly on some issue?????
PR has their OWN government! It’s not the responsibility of US taxpayers to bail them out; particularly when the US can’t even handle its own debt!
Just another typical POTUS move to shovel taxpayers’ money to people like Iranians, Pakistanis, Palastines, and others around the world who HATE the USA.
I have a great idea: instead of bailing them out, we simply give them independence. Adios.
Oldplayer
EXACTLY!
This is not about bailing out Puerto Rico or the people of Puerto Rico, any more than the earlier “bailout” of Mexico was bailing out those people, or the bailout of Greece was bailing out the Greeks...
This is, once again, the buildup to a bailout of the big BANKS and other foolish lenders who ignored the obvious growing risks but who wanted to earn higher interest rates on those bonds!
HELLO, WAKE UP PEOPLE!
Puerto Rico has already acknowledged that they can’t and won’t pay... the only question now is who will bear that loss on the debt? Those who foolishly lent to an over extended borrower, or the sucker tax payers whose representatives want Bank lobbyist $$$$? No surprise on who will win (the big banks) and who will lose (the taxpayer Muppets).
Why can’t the Kenyan just use his phone and pen to help PR? Why does he dump the big stuff on the Congress? Congress needs to tell him to kiss their ...!
Precisely correct.
The people and government of PR will still be able to spend commensurate with their tax revenues.
They just won't be able to borrow.
So, now the question is: Who will be left holding the bag? The retirement funds/banks/bond funds etc. who KNEW PR could not pay...or the US Taxpayer.
Some of those bonds were at 11%. Not bad for a AAA rated bond.
Yeah, and some money needs to be expended looking for the kickback scheme that got those bonds rated above junk.
BINGO...
We have our winner!!
And once again The Pyramid pushes it’s mistakes and losses downstream for us to pay for...
The Financial side of their organization is really struggling under the massive load of bad and noncollectable debts floating around, it got out of control and some banks are gonna go bye bye very soon...
Turmoil at all levels, there is Divine Intervention at play ....
God Be Praised!
Let God Arise, and Let His Enemies be Scattered...
Amen
Because he needs $170bil.
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