Puerto Rico can't pay it's $72B debt. Default like Greece?

[glenn1]

Good thing we've got the Democrats to fix all that though!

Don't worry, all the important Democrats who caused the problem will depart for greener pastures in another state/city and leave the problem for the remaining poor schmucks to deal with. Witness Detroit for the perfect template of this. Sure, it will still be Democrats in charge of the resulting shithole, but with little left in the public coffers worth looting it will be a pyrrhic victory for them at best.

 

[nickqt]

Very open-minded of you to say it's only borderline seditious to disagree with your political philosophy. Proggies aren't generally nearly that tolerant of dissent.

Nice straw man. You are the king of them, either that, you just have really, really hard time with reading comprehension.

Seditious because these elected "representatives" are making pledges to individuals, rather than doing what needs to be done for their country/constituents.

Keep on keepin' on though. It's your MO, might as well stick with it.

Don't worry, all the important Democrats who caused the problem will depart for greener pastures in another state/city and leave the problem for the remaining poor schmucks to deal with. Witness Detroit for the perfect template of this. Sure, it will still be Democrats in charge of the resulting shithole, but with little left in the public coffers worth looting it will be a pyrrhic victory for them at best.

GM leaving Detroit, which had become a company town, had absolutely nothing to do with it.

Keep on keepin' on!

 

[Excelsior]

Born, raised, and still living in the Caribbean. So I think I have some idea of "poor".

When I see Lambos, Ferrari's, Porches, etc driving around, I have a hard time seeing a poor island.

Of course my everyday experience may not embody the wider Caribbean.

It doesn't. You clearly haven't spent much time in the eastern caribbean.

 

[IGBT]

quick..send some liberals to Puerto Rico to solve their math problems.

 

[MongGrel]

I seriously doubt it.

Unless PR really went dow the drain in the last few years they've always had "legal" drug companies running and a lot of country clubs and Cruise Lines running out of there it's almost like the Caymans.

I'd imagine they are in much better shape than Greece.

Even Honeywell Aerospace and a many large corps have things there.

The Cayman Islands kinda snicker at most visitors a bit, with hundreds of off shore banks there they are hardly poor, Haiti etc is a different subject.

 

[Shlong]

Born, raised, and still living in the Caribbean. So I think I have some idea of "poor".

When I see Lambos, Ferrari's, Porches, etc driving around, I have a hard time seeing a poor island.

Of course my everyday experience may not embody the wider Caribbean.

I've been to Nassau in the Bahamas (and the Exumas), outside of Paradise Island / Atlantis Resort, the rest of the island looked like a third world country.

 

[Jodell88]

It doesn't. You clearly haven't spent much time in the eastern caribbean.

All my life (27 years) I've lived in the Eastern Caribbean. I have not spent a single second anywhere else.

BTW I see your location as Eastern Caribbean. What country are you in?

 

[WhipperSnapper]

Pretty soon bankruptcies and defaults will be as common and easy as getting a new punch card at your fav sandwich place.

They're already very common for members of the 1%. When the "Job Creators'" businesses fail, their businesses simply file for bankruptcy. However, the lower classes are not allowed to file for bankruptcy on student loans. Bankruptcy is only for wealthy "Job Creators".

 

[Excelsior]

All my life (27 years) I've lived in the Eastern Caribbean. I have not spent a single second anywhere else.

BTW I see your location as Eastern Caribbean. What country are you in?

Antigua, though I've traveled to Grenada and PR some.

 

[TheSlamma]

Antigua, though I've traveled to Grenada and PR some.

Grenada is my fav of all the Caribbean islands ones I've been to, that place is amazing. I did love the people of St Lucia though.. so cool and mellow "No pressure no problem"

 

[Excelsior]

Grenada is my fav of all the Caribbean islands ones I've been to, that place is amazing. I did love the people of St Lucia though.. so cool and mellow "No pressure no problem"

I wish I could have had a more relaxing time there, but I preferred it to the island I live on.

Unfortunately that same attitude in St. Lucia is what plagues much of the Caribbean, so important stuff never gets done.

 

[trenchfoot]

The easiest thing for Puerto Rico to do is to disassociate with the United States and follow the very successful model that Mexico has been employing in relation to how it exploits the USA's resources for the benefit of their own upper classes.

I mean, Puerto Rico already has a corrupt upper class anyway just like Mexico's. It would benefit their lower classes to illegally enter the US rather than as US citizens.

The proof? Mexico is doing a lot better than Puerto Rico and is definitely not in the same kind of financial predicament.

 

[werepossum]

Nice straw man. You are the king of them, either that, you just have really, really hard time with reading comprehension.

Seditious because these elected "representatives" are making pledges to individuals, rather than doing what needs to be done for their country/constituents.

Keep on keepin' on though. It's your MO, might as well stick with it.


GM leaving Detroit, which had become a company town, had absolutely nothing to do with it.

Keep on keepin' on!

Ah, straw man, that ubiquitous term that covers everything proggies don't want to hear and/or cannot refute.

The easiest thing for Puerto Rico to do is to disassociate with the United States and follow the very successful model that Mexico has been employing in relation to how it exploits the USA's resources for the benefit of their own upper classes.

I mean, Puerto Rico already has a corrupt upper class anyway just like Mexico's. It would benefit their lower classes to illegally enter the US rather than as US citizens.

The proof? Mexico is doing a lot better than Puerto Rico and is definitely not in the same kind of financial predicament.

Scary to think there might be a state or nation out there thinking "if only we could be like Mexico!"

 

[Jhhnn]

Congress will bitch, moan, grandstand, scold, wag fingers, and bail them out. Being a U.S. territory has advantages.

Not until Wall St collects every dime in interest that they can get, piles on fees & penalties.

Ask the Greeks. They owe a helluva lot more than they ever borrowed.

It's part & parcel of Free! Market! deregulated banking. The law allows handsome profits from fleecing investors to lend to govt entities who can't possibly repay, and even more in synthetic derivatives once the setup is achieved.

 

[Jhhnn]

Don't worry, all the important Democrats who caused the problem will depart for greener pastures in another state/city and leave the problem for the remaining poor schmucks to deal with. Witness Detroit for the perfect template of this. Sure, it will still be Democrats in charge of the resulting shithole, but with little left in the public coffers worth looting it will be a pyrrhic victory for them at best.

Yeh, Dems have been pretty much left to clean up after the Job Creator Lootocracy got done with the rust belt.

It's not like they believe in cleaning up after themselves or that Repubs even think that they should.

Greener pastures? They'll overgraze any & all of them before moving on.

 

[Exophase]

Bush started the bailouts and paid out most to the financial sector, Obama merely continued the financial sector coddling and added the automakers and a whole bunch more bullshit stimulus. The states certainly appreciated the free money though since they immediately reduced their own borrowing. No, we can't possibly let the citizens of states suffer when they vote stupidly. There ought to be a way to legally obligate people to the spending they vote for and force them to keep paying over time. As it is now they vote for stupid shit and then later just move to another state and leave the bills to the other poor schmucks who didn't move or weren't able to. Detroit is a perfect example of that.

The bailout consisted of loans and stock buyouts and the like. $617 billion was disbursed and as of now $673 billion has been repaid:

https://projects.propublica.org/bailout/

Not exactly the massive taxpayer burden that it's sometimes made out to be.

 

[nickqt]

Ah, straw man, that ubiquitous term that covers everything proggies don't want to hear and/or cannot refute.


Scary to think there might be a state or nation out there thinking "if only we could be like Mexico!"

Holy shit, you got skills.

A straw man, stuffed with straw men, is your response?

Nice!

 

[werepossum]

Holy shit, you got skills.

A straw man, stuffed with straw men, is your response?

Nice!

You might want to switch it up a bit, accuse me of being racist or sexist or nativist or Islamaphobic before revisiting the straw man tag. Otherwise people will begin to believe you are a mindless idiot. (And by "begin" I of course mean "continue".)

 

[DCal430]

Ah, straw man, that ubiquitous term that covers everything proggies don't want to hear and/or cannot refute.


Scary to think there might be a state or nation out there thinking "if only we could be like Mexico!"

What he is saying is nonsense, PR has a much higher HDI and GDP per capita than Mexico.

 

[Oyeve]

My great grandparents used to have a sugar cane farm in PR. Then the US came in and stop all cane crops. Then PR became poor. Thanks US!

 

[werepossum]

What he is saying is nonsense, PR has a much higher HDI and GDP per capita than Mexico.

Good point.

My great grandparents used to have a sugar cane farm in PR. Then the US came in and stop all cane crops. Then PR became poor. Thanks US!

Time for Puerto Rico to lead America into Brazil's ethanol scheme?