Puerto Rico - In Greece's footsteps?

[jbgusa]

Apparently Puerto Rico has gotten some ideas from Greece. Puerto Rico’s Governor Says Island’s Debts Are ‘Not Payable’

[TheWiseWino]

Well Greece got the idea from Argentina, so there you have it.

[PedroMartinez]

Proof once again that you shouldn't spend more than you bring in.

[SVTLightning]

I think they cost themselves a lot of money when they kicked the navy out of PR.

[jbgusa]

Originally Posted by SVTLightning

I think they cost themselves a lot of money when they kicked the navy out of PR.

I had not thought of that aspect of the matter. Thank you for your contribution.

[almost3am]

$72B in debt for an island with 3.6M people? That is $20,000 of debt per person. What a joke, how do they get themselves into that mess? Then I just looked, GDP per capita is $23,000. Ridiculously poor management.

[PedroMartinez]

Originally Posted by SVTLightning

I think they cost themselves a lot of money when they kicked the navy out of PR.

I wish they'd also leave San Francisco.

[OhioJB]

Originally Posted by PedroMartinez

I wish they'd also leave San Francisco.

Why? It's the U.S. Navy in a U.S. city. If you can't handle that you can always pack your bags and move.

[TheWiseWino]

A little history:

Buried in both the House and Senate versions of the minimum wage bill is a provision that could cause an economic catastrophe for the 3.8 million U.S. citizens in Puerto Rico and most likely spark a massive wave of migration from the island. The provision, sponsored by House Republicans and supported by their Senate counterparts, would eliminate a huge tax loophole for U.S. corporations operating in Puerto Rico and use the savings to pay for tax breaks for small businesses on the mainland.

http://www.nydailynews.com/archives/...ticle-1.727709