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Offline I_B_Perky

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Puerto Rico failing like Greece
« on: June 29, 2015, 10:47:53 PM »
Seems they ran out of other peoples money.

http://www.nbcnews.com/news/latino/puerto-rico-governor-we-cant-let-our-debt-bring-us-n384121

This is the part I liked:

Quote
"We will not permit the heavy weight of inherited debt to bring us to our knees," García Padilla said

Inherited debt? WTF? Your government borrowed that money and now you have to pay it back. That is not inherited debt, dumbass. Inherited debt would be if your dad died owing money and you were on the hook to pay it. Your debt was the result of your past elected politicians borrowing money. Now you got to pay it back and you don't want to.

Another pet peeve of mine is why is Puerto Rico still a commonwealth? They obviously do not want to become a state, voted it down several times, so cut them free.

This is the US in about 3 decades.
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Offline RayRaytheSBS

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Re: Puerto Rico failing like Greece
« Reply #1 on: June 30, 2015, 09:23:57 AM »
Quote from: I_B_Perky on June 29, 2015, 10:47:53 PM
Seems they ran out of other peoples money.

http://www.nbcnews.com/news/latino/puerto-rico-governor-we-cant-let-our-debt-bring-us-n384121

This is the part I liked:

Inherited debt? WTF? Your government borrowed that money and now you have to pay it back. That is not inherited debt, dumbass. Inherited debt would be if your dad died owing money and you were on the hook to pay it. Your debt was the result of your past elected politicians borrowing money. Now you got to pay it back and you don't want to.

Another pet peeve of mine is why is Puerto Rico still a commonwealth? They obviously do not want to become a state, voted it down several times, so cut them free.

This is the US in about 3 decades.

Here is the one that gets me:
Quote
"This is the moment we call for concerted action from Washington, in a single voice, now. Action so they will approve changes to Chapter 9 (of the U.S. bankruptcy code) so Puerto Rico has the same protection as other jurisdictions," he said.

I agree, they dont want to be a state and all the responsibilities that come with it. Then they dont deserve fhe protections that the States get either. So don't come whining to the US to bail you out.
« Last Edit: June 30, 2015, 09:30:58 AM by RayRaytheSBS »
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Offline J P Sousa

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Re: Puerto Rico failing like Greece
« Reply #2 on: June 30, 2015, 09:40:50 AM »
Liberals in charge again.....
 :crybaby:
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Offline libertybele

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Re: Puerto Rico failing like Greece
« Reply #3 on: June 30, 2015, 10:02:18 AM »
There have been several announcements from economic "gurus"  that are indicating that the beginning of July is when the global economy is going to start to tumble.  Perhaps not July, but I think we are getting darn close.  As the article below states, we really need to consider what happened to Detroit and other major cities that are following; combine this with the racial tension brewing and you have a recipe for complete economic AND social chaos in this country courtesy of Barry.  Also consider that China has been pushing for the yuan to be the world currency but they have been building "empty" real estate to prop up their economy.  Two of the largest economies teetering doesn't look to promising globally.

http://www.marketwatch.com/story/these-lurking-debts-may-turn-us-cities-states-into-greece-2015-06-30?dist=lcountdown
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I believe in the United States of America as a government of the people, by the people, for the people; whose just powers are derived from the consent of the governed, a democracy in a republic, a sovereign Nation of many sovereign States; a perfect union, one and inseparable; established upon those principles of freedom, equality, justice, and humanity for which American patriots sacrificed their lives and fortunes. I therefore believe it is my duty to my country to love it, to support its Constitution, to obey its laws, to respect its flag, and to defend it against all enemies.

Offline Ptarmigan

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Re: Puerto Rico failing like Greece
« Reply #4 on: June 30, 2015, 06:56:59 PM »
Quote from: I_B_Perky on June 29, 2015, 10:47:53 PM
Seems they ran out of other peoples money.

http://www.nbcnews.com/news/latino/puerto-rico-governor-we-cant-let-our-debt-bring-us-n384121

This is the part I liked:

Inherited debt? WTF? Your government borrowed that money and now you have to pay it back. That is not inherited debt, dumbass. Inherited debt would be if your dad died owing money and you were on the hook to pay it. Your debt was the result of your past elected politicians borrowing money. Now you got to pay it back and you don't want to.

Another pet peeve of mine is why is Puerto Rico still a commonwealth? They obviously do not want to become a state, voted it down several times, so cut them free.

This is the US in about 3 decades.

I think sooner.
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Offline thundley4

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Re: Puerto Rico failing like Greece
« Reply #5 on: June 30, 2015, 07:04:07 PM »
Quote from: Ptarmigan on June 30, 2015, 06:56:59 PM
I think sooner.

We can recover from the damage that Obama has done. However, if Hillary takes the throne from Obama, we are likely ****ed for good.
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Offline Lacarnut

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Re: Puerto Rico failing like Greece
« Reply #6 on: June 30, 2015, 07:14:10 PM »
Obummer will bail them out. Just another reason to not go on vacation there.
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Offline obumazombie

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Re: Puerto Rico failing like Greece
« Reply #7 on: June 30, 2015, 08:56:09 PM »
I'm glad I got to Rhodes (site of 1 of the seven wonders of the ancient world) while I was in the military decades ago.
I wouldn't go there now on a dare.
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Offline Ptarmigan

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Re: Puerto Rico failing like Greece
« Reply #8 on: June 30, 2015, 10:03:45 PM »
Puerto Rico is even closer to America than Greece.
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Offline Big Dog

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Re: Puerto Rico failing like Greece
« Reply #9 on: June 30, 2015, 10:22:40 PM »
Quote from: libertybele on June 30, 2015, 10:02:18 AM
There have been several announcements from economic "gurus"  that are indicating that the beginning of July is when the global economy is going to start to tumble.  Perhaps not July, but I think we are getting darn close.  As the article below states, we really need to consider what happened to Detroit and other major cities that are following; combine this with the racial tension brewing and you have a recipe for complete economic AND social chaos in this country courtesy of Barry.  Also consider that China has been pushing for the yuan to be the world currency but they have been building "empty" real estate to prop up their economy.  Two of the largest economies teetering doesn't look to promising globally.

http://www.marketwatch.com/story/these-lurking-debts-may-turn-us-cities-states-into-greece-2015-06-30?dist=lcountdown

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Offline the county

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Re: Puerto Rico failing like Greece
« Reply #10 on: July 01, 2015, 12:11:29 PM »
PR is just a big welfare state. They are like Greece, we are the EU in this scenario - able to bail them out but they'll just screw it up again.
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Offline J P Sousa

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Re: Puerto Rico failing like Greece
« Reply #11 on: July 01, 2015, 03:53:32 PM »
Heard this morning PR has an EMPLOYMENT rate of 45%, the USA, 63%.
.
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Offline JohnnyReb

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Re: Puerto Rico failing like Greece
« Reply #12 on: July 01, 2015, 05:30:45 PM »
Quote from: J P Sousa on July 01, 2015, 03:53:32 PM
Heard this morning PR has an EMPLOYMENT rate of 45%, the USA, 63%.
.
Well I guess the democrat candidate has 37% of the vote locked up.
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Offline libertybele

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Re: Puerto Rico failing like Greece
« Reply #13 on: July 02, 2015, 08:01:40 AM »
Illinois announced that they are heading for a State Government shutdown due to their debt.  Liberalism hasn't worked, isn't working and won't work!!   :hammer:

http://www.cnsnews.com/news/article/emily-richards/debt-ridden-illinois-heading-toward-state-government-shutdown



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Offline obumazombie

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Re: Puerto Rico failing like Greece
« Reply #14 on: July 02, 2015, 08:12:31 AM »
Somehow the attempt will be made to blame it all on conservatives.
Just like in Detroit.
That city that has had nothing but ultra lib leadership at every turn for decades.
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Offline libertybele

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Re: Puerto Rico failing like Greece
« Reply #15 on: July 02, 2015, 08:35:44 AM »
Quote from: obumazombie on July 02, 2015, 08:12:31 AM
Somehow the attempt will be made to blame it all on conservatives.
Just like in Detroit.
That city that has had nothing but ultra lib leadership at every turn for decades.

Very true and of course it will give the citizens a reason to riot. Detroit, Chicago, Baltimore, Missouri...who's next?  This summer is going to be a "scorcher". 
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I believe in the United States of America as a government of the people, by the people, for the people; whose just powers are derived from the consent of the governed, a democracy in a republic, a sovereign Nation of many sovereign States; a perfect union, one and inseparable; established upon those principles of freedom, equality, justice, and humanity for which American patriots sacrificed their lives and fortunes. I therefore believe it is my duty to my country to love it, to support its Constitution, to obey its laws, to respect its flag, and to defend it against all enemies.

Offline thundley4

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Re: Puerto Rico failing like Greece
« Reply #16 on: July 02, 2015, 12:43:06 PM »
Quote from: obumazombie on July 02, 2015, 08:12:31 AM
Somehow the attempt will be made to blame it all on conservatives.
Just like in Detroit.
That city that has had nothing but ultra lib leadership at every turn for decades.

Every time the local paper posts an article on Facebook about the Illinois budget mess, the libs are out in full force blaming the gop governor for everything. He took office in January, but it's all his fault. Those same idiots still blame President Bush and think Obama is doing great.
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Offline libertybele

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Re: Puerto Rico failing like Greece
« Reply #17 on: July 02, 2015, 02:16:54 PM »
Quote from: thundley4 on July 02, 2015, 12:43:06 PM
Every time the local paper posts an article on Facebook about the Illinois budget mess, the libs are out in full force blaming the gop governor for everything. He took office in January, but it's all his fault. Those same idiots still blame President Bush and think Obama is doing great.

Yep, and those are the same a**holes that will vote for Sanders or Hillary unless we nominate a true conservative with a clear message and defines a pathway to restore America.
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I believe in the United States of America as a government of the people, by the people, for the people; whose just powers are derived from the consent of the governed, a democracy in a republic, a sovereign Nation of many sovereign States; a perfect union, one and inseparable; established upon those principles of freedom, equality, justice, and humanity for which American patriots sacrificed their lives and fortunes. I therefore believe it is my duty to my country to love it, to support its Constitution, to obey its laws, to respect its flag, and to defend it against all enemies.

Offline JohnnyReb

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Re: Puerto Rico failing like Greece
« Reply #18 on: July 05, 2015, 07:11:06 AM »
I think Donald Trump is a clown.....but the Clown is the only one saying anything like I want to hear.
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“The American people will never knowingly adopt socialism. But, under the name of ‘liberalism’, they will adopt every fragment of the socialist program, until one day America will be a socialist nation, without knowing how it happened.” - Norman Thomas, U.S. Socialist Party presidential candidate 1940, 1944 and 1948

"America is like a healthy body and its resistance is threefold: its patriotism, its morality, and its spiritual life. If we can undermine these three areas, America will collapse from within."  Stalin

Offline thundley4

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Re: Puerto Rico failing like Greece
« Reply #19 on: July 05, 2015, 07:17:30 PM »
Quote from: JohnnyReb on July 05, 2015, 07:11:06 AM
I think Donald Trump is a clown.....but the Clown is the only one saying anything like I want to hear.

Trump is doing for Conservatives what Bernie Sanders is doing for socialists.  He's driving the debate in a direction the party elite would rather not see it go.
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