AmericanThinker– What an interesting time to spring a thing like this on us — with the problems of Greece and the concern it’s causing the rest of the world — now Puerto Rico?
Democratic Governor Alejandro Garcia Padilla has calmly announced that Puerto Rico’s staggering debt of $72 billion (USD) is simply “not payable.”
While the island’s economy is in recession, the unemployment rate is hovering around the 12% mark, water has been rationed, and financial institutions have rightly refused to lend any more cash to its profligate government, Puerto Rico is increasingly looking more and more like Greece. It would seem that the United States is now being tested much in the same way the European Union is being tested across the Atlantic. And with a predominantly Republican Congress offset by a Democratic president, this spells trouble on the road ahead.
Puerto Rico, Greese, China’s stock markets getting ready to tank. Get your money out of the stock market. Remember I posted this in 6 months.
Guv should use the word of the day 7/8/2015: Glitch.
No, we weren’t hacked. Uh, it was a glitch in the system.
Right Jeh…..as in Meh
Debt? No, no, no! It’s a glitch in the way the economy works.
Life’s a glitch. And then you die.
What they need to do is print 72 one billion dollar bills. Just like our treasury does.
Or the Obummers! Time for another vacation.
Maybe they can get Hank Johnson to tip the island over and just be done with it.
I say combine it with the Demos handywork of unfunded public sector pensions, all those assholes are living off of stealing from the private sector
The power to tax is the power to destroy
That should be Hillary’s motto on a bumpersticker: Hillary’s logo pointing at Libya, a paper shredder, and a nice 2016 in the background. Oh yeah, documents sticking out of the logo.
No Mas!!!!
Why is there even still a country called Puerto Rico. There are more Puerto Ricans in NYC than on the island.
$72 billion – meh – that’s a month of QE. Just cut ’em a check, along with Greece. Might as well at this point.
How in the HELL did a country of 3.5 MM people run up a debt of 72 BILLION????
$19,500/person.
Less than Greece.
Much less than US.
They’re just a bunch of fukkin morons.
ANOTHER set of freeloaders OUTSIDE our borders we need to cut LOOSE. >:-(
Good post but how can we cut the freeloaders inside our border loose?