Puerto Rico is filing for bankruptcy

originally posted by: neo96
a reply to: Vasa Croe

Well get out the check book and cut them a check.

A tiny lsland is too small to fail.

That actually does get to vote all be it in the EC way.

Since the popular vote is meaningless to begin with point is moot.

Popular vote has been meaningless for 200 years...figure out another argument.

originally posted by: carewemust
President Trump is on record as saying he does NOT want to bailout Puerto Rico.

4.27.2017: www.nbcnews.com...

He would be stupid not to, especially if it became a US state proper.

He would gain the vote of another 1-2 million out of the 4 there. If the GOP could take the majority it would counterbalance CA with TX.

originally posted by: carewemust
President Trump is on record as saying he does NOT want to bailout Puerto Rico.

4.27.2017: www.nbcnews.com...

With Trumps record so far...that doesn't mean much anymore.

originally posted by: FamCore
a reply to: AndyFromMichigan

I understand Puerto Rico has around 3.5 million people (not sure where you got the 1 million number from).

This is big news though.. a sign of the times.

America will NEVER, EVER be able to pay back the $20 trillion in national debt we have. We are barely keeping up with the interest alone.

We also just signed a 4-week extension for the debt ceiling, a temporary bandaid and more "kicking the can down the road".

The entire globe is facing a debt crisis. This is not going to be good. I give it a few years before things get really messy... possibly sooner if the EU implodes after Frances upcoming election and potential "FREXIT"

Fortunately, this is all electronic currency. International banks "create" money, and then loan it to countries and governments, charging interest. In return, governments have to balance spending with the collection of taxes to make interest payments. Sometimes, this involves letting people die from lack of healthcare or social funding, just to keep these electronic numbers in balance. Like something out of a dystopian sci-fi novel. It's the concept of international debt that is wrong. In the past governments simply printed the money they needed to use, even if it meant their currency devalued.

a reply to: carewemust

He won't and should not, I am Puertorrican and Puerto Rico financial problems is not the problems of the US tax payer, but years of waste and abuse and greedy bastards in t he local government stealing the money.

Then they go after the manufacturing to try and get some money back when the government found themselves in trouble.

The manufacturing left the Island, guess what no more jobs.

Then stupid people that were no even from the Island fought to get the Military base out, guess what when they left so more of the good jobs.

Then the Federal government tried to offer assistance to the local Government but only if they opened their books for audit.

The stupid local government decided that they didn't wanted their dirty laundry and corruption exposed and denied the auditing, so no money.

originally posted by: olaru12

originally posted by: carewemust
President Trump is on record as saying he does NOT want to bailout Puerto Rico.

4.27.2017: www.nbcnews.com...

With Trumps record so far...that doesn't mean much anymore.

What...barely over 100 days in? Let me know the impact you had on your company at 100 days....