“Not only compared to the United States…but compared to the entire world, Puerto Rico’s public debt is nothing to be ashamed of.”
So get things in the proper perspective …. it’s a ruse to steal Puerto RIco for the second time in history!!
He finally did it.
In order to save Puerto Rico from a “death spiral,” Governor Alejandro Garcia Padilla announced that the island cannot pay the $73 billion public debt, in the manner that the US is demanding.
“This is not politics,” the governor said. “This is math.”
The announcement was immediately reported by the New York Times, which wasted no time in attacking the governor’s negotiating posture.
The Times quickly noted that:
“The island has piled on more municipal bond debt per capita than any American state.”
“Debt relief on such a vast scale could raise borrowing costs for other local governments.”
“No American state has re-structured its general obligation debt in living memory.”
Thanks for Showing Some Gonads
First of all, it’s time to thank the governor for finally showing some…er…gonads.
He found them just in time.
A Republican congressman from South Carolina, Jeffrey D. Duncan, is…
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