The Conservative Cave
Current Events => Economics => Topic started by: I_B_Perky on June 29, 2015, 10:47:53 PM
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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 (http://www.nbcnews.com/news/latino/puerto-rico-governor-we-cant-let-our-debt-bring-us-n384121)
This is the part I liked:
"We will not permit the heavy weight of inherited debt to bring us to our knees," GarcÃa 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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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 (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:
"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.
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Liberals in charge again.....
:crybaby:
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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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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 (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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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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Obummer will bail them out. Just another reason to not go on vacation there.
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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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Puerto Rico is even closer to America than Greece.
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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
Investment advice, from the Big Dog...
Go heavy in steel and lead.
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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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Heard this morning PR has an EMPLOYMENT rate of 45%, the USA, 63%.
.
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Heard this morning PR has an EMPLOYMENT rate of 45%, the USA, 63%.
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Well I guess the democrat candidate has 37% of the vote locked up.
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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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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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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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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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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 think Donald Trump is a clown.....but the Clown is the only one saying anything like I want to hear.
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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.