Remember how GOP staged fascist coup to overthrow democracy in Detroit, Flint?

[SSG Snuggle Bunny]

Sure you do.

Liberals spent OPM as they always do and then they ran out of that money.

So then the GOP governor did what always happens when a municipality defaults: he put it in receivership in order to restructure finances and obligations.

Oh how the Proglodytes howled!

"Fascism!"

"Tyranny!"

"Abolition of democratically elected government!"

This is why the GOP needs more prominent black members because apparently that's the only qualification for being allowed to do this and get Proglodytes to come running to your defense.

TexasTowelie (27,859 posts)

Protests Erupt in San Juan as Obama Forms Unelected Control Board to Run Puerto Rico
   
President Obama has appointed seven members to a federal control board that will run the finances of Puerto Rico’s nearly bankrupt government for at least the next five years and restructure nearly $70 billion in debt. The board is made up of three Democrats and four Republicans who will not only approve any budgets created by the island’s politicians, but also attempt to negotiate with the island’s nearly 20 creditors. On Wednesday, hundreds of protesters in Puerto Rico blocked a street in front of a hotel where bankers and business executives were gathering for a conference hosted by the Puerto Rico Chamber of Commerce. Meanwhile, a new report from the ReFund America Project has revealed firms like UBS, Citigroup, Goldman Sachs and Barclays Capital have collected $1.6 billion in underwriting fees from Puerto Rico since 2000 just for refinancing bonds to pay interest and fees on older bonds.

TRANSCRIPT
This is a rush transcript. Copy may not be in its final form.

JUAN GONZÁLEZ: President Obama has appointed seven members to a federal control board that will run the finances of Puerto Rico’s nearly bankrupt government for at least the next five years and restructure nearly $70 billion in debt. The board is made up of three Democrats and four Republicans, who will not only approve any budgets created by the island’s politicians, but also attempt to negotiate with the island’s many creditors.

On Wednesday, hundreds of protesters in Puerto Rico blocked the street in front of a hotel where bankers and business executives were gathering for a conference hosted by the Puerto Rico Chamber of Commerce on the new PROMESA bill, as it’s called, the congressional legislation that was passed two months ago. Democracy Now! correspondent Juan Carlos Dávila was there in San Juan.

JUAN CARLOS DÁVILA: The black-and-white flag of Puerto Rico has become a symbol of resistance, resistance against U.S. colonialism. This flag has been adopted by the movement Se Acabaron Las Promesas, Promises Are Over, which called for a protest to shut down the first PROMESA conference on Wednesday morning.

Read more: http://www.democracynow.org/2016/9/1/protests_erupt_in_san_juan_as

Egnever (17,750 posts)

1. Interesting.

is this not a bail out plan?

MADem (131,525 posts)

2. Their best option, with Cuba coming online, is statehood.

If they "shake off their colonial past" and go it alone that island will empty out and Puerto Ricans will leave at even a faster pace than they are leaving already. Planes going "to" are empty, planes leaving are always full.

The police outnumbered the protesters at the Condado Hilton.

DonViejo (18,985 posts)

7. They voted for statehood in 2012....

the Republicans oppose statehood because they want an English-only law but, in reality, are opposed because statehood would add two Democratic Senators to the U.S. Senate and at least one Democratic Congress critter...

Hey! I think I figured out why they spent themselves to ruin!

grubbs (300 posts)

3. Why protest now?

I think this has been in the works for ages. Of course with four out of seven being republicans it is only going to get worse. I would leave.

Jeffersons Ghost (13,135 posts)

5. K&R how many other nations are on the brink of economic collapse?

total economic collapse tends to create a domino effect.

FLPanhandle (6,507 posts)

8. They default on $70 Billion and expect what?

Hint: Don't take on so much debt in the first place if you can't pay.

Do tell.

http://www.democraticunderground.com/10028141859

[USA4ME]

Good find! And too funny!

With the primitives, and liberals in general, it's ALWAYS about who did it rather than what they did. If billary becomes prez and suddenly decides she wants to build the wall between Mexico and the USA, libs will find that to be a perfectly reasonable idea. They've been howling about the TPP for years now, but should Dear Leader sign it between the election and the time he leaves, they'll praise it up and down as being brilliant.

But what am I saying we haven't documented here time and time again?

.