This relates to the story yesterday. Another government that cannot budget itself or live within its means. And now they are looking to the USA / Obama to help them. Kinda like the blind leading the blind, only Puerto Rico is farther along in the process.
Now that they have screwed creditors, it will be interesting to see how the credit markets deal with them. Who in their right mind would lend any money to somebody who refuses to get their fiscal house in order, defaulted in debt payments and has no clue as to how to live within their means. I guess when they start running out of money to pay for basic services they can then learn how to live within their means. Much like we as a country needs to.
Good one Dave. Puerto Rico is a microcosm of Progressive Socialist largesse and spending. They think the only way to grow an economy is to spend their way to prosperity. NOT!
So FFA, have the people of Illinois got out their pitch forks, tar and rails yet for the terrible misrepresentation and overspending and Progressive largesse. The last time I heard, they still didn’t have anything like a budget and couldn’t pay existing bills.
Wow FFA, the Cubs have the entire infield of their team starting in the All Star game. Not sure I have seen that before. You have a lot to be proud of this year. Ok Confused, you can downvote me 15 times at least for this comment.
Dave, at least Chicago has the Cubs this year. Looks like they will hang in there this time with their young talent and some good veterans. Texas is very similar. Would be nice to see that World Series.
I have friends who have visited Chicago and they stay on the north side. The south side is still pretty much a war zone.
Dave, FFA beat you out of there and settled in Wisconsin. Hopefully, you will go to a better state/city. I have wondered how the White Sox have been able to stay viable where they are located and how many fans would brave the coming and going. Have a nice Independence Day. We will have a great one with our church honoring the vets and showing patriotism. They sing all the anthems of the military services and it is emotional for veterans like me.
Perhaps they were counting on Obama to bail them out when they got into trouble. Hey, if he could do GM, Chrysler, Financial institutions, he should be able to handle a territory, right?
This relates to the story yesterday. Another government that cannot budget itself or live within its means. And now they are looking to the USA / Obama to help them. Kinda like the blind leading the blind, only Puerto Rico is farther along in the process.
Now that they have screwed creditors, it will be interesting to see how the credit markets deal with them. Who in their right mind would lend any money to somebody who refuses to get their fiscal house in order, defaulted in debt payments and has no clue as to how to live within their means. I guess when they start running out of money to pay for basic services they can then learn how to live within their means. Much like we as a country needs to.
Good one Dave. Puerto Rico is a microcosm of Progressive Socialist largesse and spending. They think the only way to grow an economy is to spend their way to prosperity. NOT!
So, I wonder if there is going to be a push for them to try to become a state again after this.
Sounds like Illinois. Chicago in particular.
So FFA, have the people of Illinois got out their pitch forks, tar and rails yet for the terrible misrepresentation and overspending and Progressive largesse. The last time I heard, they still didn’t have anything like a budget and couldn’t pay existing bills.
Actually Agent, just today they passed a short term compromise spending bill so the schools can open up in a couple of months.
Wow FFA, the Cubs have the entire infield of their team starting in the All Star game. Not sure I have seen that before. You have a lot to be proud of this year. Ok Confused, you can downvote me 15 times at least for this comment.
I live here FFA, you hit the nail on the head. Why I am moving out in the next few months. Once a very proud city heading in the direction of Detroit.
Dave, at least Chicago has the Cubs this year. Looks like they will hang in there this time with their young talent and some good veterans. Texas is very similar. Would be nice to see that World Series.
I have friends who have visited Chicago and they stay on the north side. The south side is still pretty much a war zone.
Who cares about the ~700,000 people in Detroit or the ~10M people in Illinois? The cubs lead the NL! Glad to see your priorities are in order :(
But Agent, I’m a Sox fan. Have a Happy and Safe Independence Day.
Dave, FFA beat you out of there and settled in Wisconsin. Hopefully, you will go to a better state/city. I have wondered how the White Sox have been able to stay viable where they are located and how many fans would brave the coming and going. Have a nice Independence Day. We will have a great one with our church honoring the vets and showing patriotism. They sing all the anthems of the military services and it is emotional for veterans like me.
Does anybody have info on whether FGIC, MBIA, NATL and SYNCO insurers will honor defaulted Puerto Rico muni bonds?
They should put in jail the Puerto Rico government for guaranteeing the bonds and then defaulting….these guys are crooks
Perhaps they were counting on Obama to bail them out when they got into trouble. Hey, if he could do GM, Chrysler, Financial institutions, he should be able to handle a territory, right?
i am out so far 35,000….these guys promised to pay and then defaulted the government should be locked up and put in jail