PUERTO RICO …. is doomed …. “Murky Political Status …. “!!


PRDoom

~~July 6, 2016~~ 

PUERTO RICO IS DOOMED

One of the articlea was written almost a year ago.

Puerto Rico’s crisis isn’t anything new.

Islanders have seen it coming.

At the time of this writing, the USA Congress and President Obama have worked out a bill that will not help the people of Puerto Rico.

HortyRex©

GoldSwirl

“PROMESA”

Puerto Rico Oversight, Management, and Economic Stability Act

What does the new law do?
The new law is called the Puerto Rico Oversight, Management, and Economic Stability Act — PROMESA, for short.

It creates an oversight board tasked with resolving the island’s crisis by negotiating with Puerto Rico’s creditors –- the bondholders — and the Puerto Rican government to “restructure” the debt.

That might mean allowing Puerto Rico to pay back it back over a longer period of time and convincing creditors to forgive some of what they’re owed.

“As it appears in … full read/full credit”

Puerto Rico’s Debt Crisis Explained

GoldSwirlPROMGoldSwirl

~Mother Jones~

AJ VICENS

JUL. 17, 2015

Greece may have overcome a major hurdle in fixing its economy, but Puerto Rico faces a more complicated obstacle to managing its crippling debt:

its murky status as a US territory.

“If Puerto Rico were a state, there wouldn’t be any question about it,” Jeffrey Farrow, a former adviser on Puerto Rico policy to President Bill Clinton, said of the island’s mounting debt crisis.

“If it were a nation, it wouldn’t have to worry about US federal rules, and then it could try to develop its own economy.”

 But Puerto Rico is neither a state nor a country.

It’s technically a commonwealth, a status given to it in 1950 by the US government, which allowed it to draft a constitution and elect its own officials.

But even its commonwealth status is unique.

Virginia, Massachusetts, Pennsylvania, and Kentucky are all commonwealths, but they have the full power of states. That’s not the case for this island of 3.6 million, which is, essentially, a colony, subject to the full control of the US Congress. The nature of its relationship with the federal government has left it with few options as it grapples with $72 billion in outstanding obligations that its governor, Alejandro García Padilla, says is “not payable.”

The crisis pits Puerto Rico’s creditors – including hedge funds, large US banks, and smaller investors – against the island’s public workers, with each side trying to avoid absorbing the inevitable losses. A July 14 report from the Puerto Rican investigative journalism outlet Centro de Periodismo – reprinted in English via Latino Rebels – suggests that since 2013, hedge funds have been particularly active in trying to manipulate the debt crisis to their advantage.

“As it appears in … full read/full credit”

http://www.motherjones.com/politics/2015/07/puerto-rico-independent-statehood-colony-hedge-fund-debt

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~~GRAPHIC SOURCE

LAB Pro Lib

https://www.facebook.com/LABPROLIB/?fref=ts

I do not own these images.

No intention of taking credit.

If anyone knows the owner of any, please advise and it will be corrected immediately.

HortyRex©

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#Boricua #PuertoRican #AlwaysBoricua #PuertoRicanPride #ProudPuertoRican #PuertoRicanFlag #AwesomeGraphic #PouertoRicoDoomed #MurkyPoliticalStatus #PuertoRicoStillAColony #USA #AmericanEmpire #AliveAndWell #PROMESA #PuertoRicoOversightManagementEconomicStabilityAct #USCongress #UnoccupyPuertoRico #USTerritory #HedgeFunds #CommonwealthStatus #JessicaHosts #BlatantActOfConolialism

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GoldSwirl

~~Puerto Rico’s Debt Crisis Explained~~

JessicaHosts

~~Published on Jun 28, 2016~~

There’s no simple way to way to explain the economic crisis in Puerto Rico.

The island is currently in over $72 billion of debt and if thing’s don’t change soon the island will default on a $1.9 billion payment on July 1.

Here’s some basic information you’ll need to understand what’s really happening in Puerto Rico.

The situation is seriously complex and this video by no means covers it all.

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~~GALLERY~~

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Dear St. Patrick …. “You are so very much needed …. “!!


DSP

~~March 17, 2016~~ 

ST. PATRICK & THE SNAKES

St. Patrick’s Day, which is celebrated worldwide on March 17, honors St. Patrick, the Christian missionary who supposedly rid Ireland of snakes during the fifth century A.D.

According to legend, the patron saint of Ireland chased the slithering reptiles into the sea after they began attacking him during a 40-day fast he undertook on top of a hill.

(Related: “St. Patrick’s Day: Facts, Myths, and Traditions.”)

“As it appears in … full read/full credit”

http://news.nationalgeographic.com/news/2014/03/140315-saint-patricks-day-2014-snakes-ireland-nation/

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~~GRAPHIC SOURCE~~ 

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Occupy Democrats

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#StPatricksDay #DearStPatrick #PrayerToStPatrick #PleaseComeBack #ChaseSnakes #USACongress #PatronSaint #Ireland #SlitheringReptiles #IntoSea #Attacking #DuringFast #TopOfHill #KickSnakes #OccupyDemocrats

#WeAlllAreOne #ItIsWhatItIs #DrRex #HortyRex #hrexachwordpress

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We ALL are ONE!! 

RexYinYang2

Thoughts for today, #347 .… “Term Limits …. for US Congress”!!


TermsG

~~February 29, 2016~~ 

TERM LIMITS

Term Limits is known as the largest grassroots movement in American history, and US Term Limits (USTL) was, and still is, the leader of that movement”

Term limits have been placed on 15 state legislatures, eight of the ten largest cities in America adopted term limits for their city councils and/or mayor, and 37 states place term limits on their constitutional officers.

USTL stands up against government malpractice. We are the voice of the American citizen. We want a government of the people, by the people, and for the people- not a ruling class who care more about deals to benefit themselves, than their constituents.

We have worked tirelessly with citizens all across the nation, helping them better understand why term limits are a necessary government reform, and how to implement that vision from your town council, to Congress.

“As it appears in … full read/full credit”

About U.S. Term Limits

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~~GRAPHIC SOURCE~~

Facebook Timeline

I do not own this image.

No intention of taking credit.

If anyone knows the owner of any, please advise and it will be corrected immediately.

HortyRex©

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~~RESOURCES~~ 

https://www.termlimits.org/

https://www.facebook.com/USTermLimits/

http://termlimitsforuscongress.com/index.html

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#ThoughtsForToday #347 #FacebookPage #TermLimits #USCongress #WhiteHouse #CorruptPoliticians #TermLimits #LargestGrassrootsMovement #AmericanHistory #USTermLimits #AgainstGovernmentMalpractice #AmericaCitizenVoice

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We ALL are ONE!! 

ItIsTru2

Something to think about …. “Congress Sponsorship … or rather ownership”!!


RealCong

~~December 4, 2015~~ 

CORPORATIONS OWN CONGRESS
Corporations that occupy Congress

LEE DRUTMAN

(April 20, 2015)

For the people, by the people? Naw …

Something is out of balance in Washington.

Corporations now spend about $2.6 billion a year on reported lobbying expenditures – more than the $2 billion we spend to fund the House ($1.18 billion) and Senate ($860 million). It’s a gap that has been widening since corporate lobbying began to regularly exceed the combined House-Senate budget in the early 2000’s.

Today, the biggest companies have upwards of 100 lobbyists representing them, allowing them to be everywhere, all the time.

For every dollar spent on lobbying by labor unions and public – interest groups together, large corporations and their associations now spend $34. Of the 100 organizations that spend the most on lobbying, 95 consistently represent business.

“As it appears in …. full read/full credit”

Here’s the full article. The graphic above says it all. 

http://www.theatlantic.com/business/archive/2015/04/how-corporate-lobbyists-conquered-american-democracy/390822/

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~~RELATED~~ 

http://www.motherjones.com/politics/2010/09/congress-corporate-sponsors

http://www.motherjones.com/politics/2010/09/capitol-hill-top-corporate-sponsors

http://blogs.reuters.com/david-cay-johnston/2011/12/20/the-corporations-that-occupy-congress/

BLine

#SomethingToThinkAbout #Congress #United States Congress #BicameralLegislature #FederalGovernment #TwoHouses #Senate #HouseOfRepresentatives #RepublicanParty #DemocraticParty #Independents #CorporationsOccupyCongress #Transparency #LeeDrutman #LobbyingExpenditures #ForThePeople #ByThePeople

#WeAllAreOne #ItIsWhatItIs #DrRex #HortyRex #hrexachwordpress

BLine

We ALL are ONE!! 

RexYinYang1

Thoughts for today, #291 .… “The irony …. this year”!!


ThxIron

~~November 23, 2015~~ 

NO PLACE FOR THEM

This Thanksgiving, No Place for Refugees at the American Table
Posted on Nov 18, 2015
By Amy Goodman and Denis Moynihan

In the wake of the horrific attacks in Paris on Nov. 13, there has been a crushing backlash against refugees from the wars in Syria, Iraq and Afghanistan. As Americans prepare for one of the most popular national holidays, Thanksgiving, which commemorates the support and nourishment provided by the indigenous people to English refugees seeking a better life free from religious persecution, a wave of xenophobia is sweeping the country.

In the U.S. Congress, no less than six separate bills have been put forward to block any federal funding to resettle refugees from Syria or Iraq and to empower states to deny entry into their “territory.” 

Imagine if all of a sudden we had 50 “statelets” creating their own border checkpoints, stopping all travelers, looking for anyone suspicious, i.e., any and all Syrians.

So far, 31 state governors have essentially demanded this.

ThxG

Republican Kansas Gov. Sam Brownback issued an executive order forbidding any agency of state government from cooperating in any way with Syrian refugee support efforts. House Speaker Paul Ryan and Senate Majority Leader Mitch McConnell have called for a pause in the Syrian refugee program, with the support of Democratic Sen. Chuck Schumer.

(all so called Chrstians)

It has been almost 400 years since that first, fateful Thanksgiving feast in Massachusetts.

Xenophobic policies like those threatening to shut out refugees from these wars, if allowed to stand, should serve as a shameful centerpiece at every Thanksgiving table this year.

“As it appears in …. full read/full credit”

http://www.truthdig.com/report/item/this_thanksgiving_no_place_for_refugees_at_the_american_table_20151118

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~~GRAPHIC SOURCE~~ 

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We ALL are ONE!! 

RexYinYang2