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Puerto Rico’s governor, saying he needs to pull the island out of a “death spiral,” has concluded that the commonwealth cannot pay its roughly $72 billion in debts, an admission that will probably have wide-reaching financial repercussions.

The governor, Alejandro García Padilla, and senior members of his staff said in an interview last week that they would probably seek significant concessions from as many as all of the island’s creditors, which could include deferring some debt payments for as long as five years or extending the timetable for repayment.

“The debt is not payable,” Mr. García Padilla said. “There is no other option. I would love to have an easier option. This is not politics, this is math.”

It is a startling admission from the governor of an island of 3.6 million people, which has piled on more municipal bond debt per capita than any American state.

Ivytalk wrote:Yep, PR deserves to be our 51st state.

CID1990 wrote:

Ivytalk wrote:Yep, PR deserves to be our 51st state.

The only difference between PR and CA is a matter of scale.

CID1990 wrote:

Ivytalk wrote:Yep, PR deserves to be our 51st state.

The only difference between PR and CA is a matter of scale.

AZGrizFan wrote:$72 billion in debt for 3.6 million people.

Chizzang wrote:So I'm still trying to figure out how this is the American Liberals fault..?
explain Puerto Rico's failure and its direct Correlation to American Liberals like I was a 5 yr. old please

OL FU wrote:

Chizzang wrote:So I'm still trying to figure out how this is the American Liberals fault..?
explain Puerto Rico's failure and its direct Correlation to American Liberals like I was a 5 yr. old please

I'm a little liberal short and stout.
Here is my handle. Here is my spout.
When I get all heated hear me shout.
Tip me over and your money rushes out

travelinman67 wrote:

OL FU wrote:

I'm a little liberal short and stout.
Here is my handle. Here is my spout.
When I get all heated hear me shout.
Tip me over and your money rushes out

William Buckley couldn't have said it better.

Chizzang wrote:Okay so as I suspected...
Thanks for the confirmation

That's the same kind of answer T-man gives
when he's blowing farts into the wind on some topic

Ivytalk wrote:

Chizzang wrote:Okay so as I suspected...
Thanks for the confirmation

That's the same kind of answer T-man gives
when he's blowing farts into the wind on some topic

I don't know, Chizz. OL FU gets right to the heart of it, as usual. Liberals love to spend other people's money. QED. What about that don't you get? Or are you expecting to be dazzled with pages of algorithms, graphs and charts?

Chizzang wrote:

Ivytalk wrote: I don't know, Chizz. OL FU gets right to the heart of it, as usual. Liberals love to spend other people's money. QED. What about that don't you get? Or are you expecting to be dazzled with pages of algorithms, graphs and charts?

Really,
is that what liberals do...
Gee thanks for that important insight into the Liberal mind

I'll remember that when I pay my taxes to Lockheed Martin and Northrop Grumman
The two Liberal Strongholds soaking up $600 billion a year

Chizzang wrote:Okay so as I suspected...
Thanks for the confirmation

That's the same kind of answer T-man gives
when he's blowing farts into the wind on some topic

Ibanez wrote:

Chizzang wrote:
Really,
is that what liberals do...
Gee thanks for that important insight into the Liberal mind

I'll remember that when I pay my taxes to Lockheed Martin and Northrop Grumman
The two Liberal Strongholds soaking up $600 billion a year

Is that how much freedom cost?

Ibanez wrote:

Chizzang wrote:
Really,
is that what liberals do...
Gee thanks for that important insight into the Liberal mind

I'll remember that when I pay my taxes to Lockheed Martin and Northrop Grumman
The two Liberal Strongholds soaking up $600 billion a year

Is that how much freedom cost?

Grizalltheway wrote:

Ibanez wrote: Is that how much freedom cost?

If you don't pay your buck o five, who will?

CID1990 wrote:

Ivytalk wrote:Yep, PR deserves to be our 51st state.

The only difference between PR and CA is a matter of scale.

OL FU wrote:

Chizzang wrote:Okay so as I suspected...
Thanks for the confirmation

That's the same kind of answer T-man gives
when he's blowing farts into the wind on some topic

You said 5 year old
If you don't mean it, don't say it

Ivytalk wrote:

Chizzang wrote:Okay so as I suspected...
Thanks for the confirmation

That's the same kind of answer T-man gives
when he's blowing farts into the wind on some topic

I don't know, Chizz. OL FU gets right to the heart of it, as usual. Liberals love to spend other people's money. QED. What about that don't you get? Or are you expecting to be dazzled with pages of algorithms, graphs and charts?

travelinman67 wrote:

Ivytalk wrote: I don't know, Chizz. OL FU gets right to the heart of it, as usual. Liberals love to spend other people's money. QED. What about that don't you get? Or are you expecting to be dazzled with pages of algorithms, graphs and charts?

Hippie is becoming an unabashed, knee-jerk, ideologic libtard.

Doesn't matter what proof he's provided...he'll spin and waltz and deflect and mock and attempt to discredit...

...yet never counters with researched facts.

NEVER

EVER

OL FU knocked it out of the park again, and Hippie attacks the delivery.

Chizzang wrote:

Ivytalk wrote: I don't know, Chizz. OL FU gets right to the heart of it, as usual. Liberals love to spend other people's money. QED. What about that don't you get? Or are you expecting to be dazzled with pages of algorithms, graphs and charts?

Really,
is that what liberals do...
Gee thanks for that important insight into the Liberal mind

I'll remember that when I pay my taxes to Lockheed Martin and Northrop Grumman
The two Liberal Strongholds soaking up $600 billion a year



Last time I checked a sh!tload of Conservatives were spending MY MONEY