Puerto Rico defaulting on debt
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https://news.vice.com/article/puerto-rico-just-defaulted-on-its-debt?utm_source=vicenewsfb
You are going to start seeing more stuff like this. I fully expect the U.S. to cover the bill.
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Rather, we will borrow money from China to pay off Puerto Rican debt.
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I was under the impression Puerto Rico was part of the US?
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18 plus trillion in debt and growing, $100 trillion in unfunded liabilities, government printing money, currently taking in a record amount of tax revenue with increased Obama taxes that has not stopped the national debt from climbing higher (proving we have out of control spending),....we are headed for financial trouble and who will bail the United States out?
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18 plus trillion in debt and growing, $100 trillion in unfunded liabilities, government printing money, currently taking in a record amount of tax revenue with increased Obama taxes that has not stopped the national debt from climbing higher (proving we have out of control spending),....we are headed for financial trouble and who will bail the United States out?
18 plus trillion in debt and growing, $100 trillion in unfunded liabilities, government printing money, currently taking in a record amount of tax revenue with increased Obama taxes that has not stopped the national debt from climbing higher (proving we have out of control spending),....we are headed for financial trouble and who will bail the United States out?
No one. It will get ugly sooner rather than later.
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18 plus trillion in debt and growing, $100 trillion in unfunded liabilities, government printing money, currently taking in a record amount of tax revenue with increased Obama taxes that has not stopped the national debt from climbing higher (proving we have out of control spending),....we are headed for financial trouble and who will bail the United States out?
18 plus trillion in debt and growing, $100 trillion in unfunded liabilities, government printing money, currently taking in a record amount of tax revenue with increased Obama taxes that has not stopped the national debt from climbing higher (proving we have out of control spending),....we are headed for financial trouble and who will bail the United States out?
Thankfully everyone since their economies depend on ours.
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Puerto Rico is like a bad case of the crabs, its on you but not really part of you.
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I remember my friend Ponce, from Puerto Rico. Always telling me that PR needed
desperately to become America's 51st state. He said a lot of his friends didn't agree,
they wanted to be isolated, and not pay taxes. He kept explaining
that the influx of jobs, and people, would offset the taxes, and that the poverty was
just hurting so many there and they can't get out. But he said they wouldn't listen.
He was in the Air Force, and sent nearly all of every paycheck back home to his parents.
That was back in 73/74. I hope he's been having a wonderful life.
I remember we were on a cruise with a big bunch of friends...and toured there. Iron bars on the
doors and windows of buildings, poor living in ramshackle shacks, and selling fruit out front, that
they found in the rainforest. I'm surprised their crashing economically hasn't happened decades ago.
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