Maggie's Farm

We are a commune of inquiring, skeptical, politically centrist, capitalist, anglophile, traditionalist New England Yankee humans, humanoids, and animals with many interests beyond and above politics. Each of us has had a high-school education (or GED), but all had ADD so didn't pay attention very well, especially the dogs. Each one of us does "try my best to be just like I am," and none of us enjoys working for others, including for Maggie, from whom we receive neither a nickel nor a dime. Freedom from nags, cranks, government, do-gooders, control-freaks and idiots is all that we ask for.

Our Recent Essays Behind the Front Page

Much Sorry with Delays
Birth, Death and All That Stuff in Between
How to Honor Labor Day, Every Day
My Yom Kippur Miracle (Repost from 2010)
Good intro to fly casting
Peach update, with pie
NYC update
Easy for you to say: To the elites on mass immigration
For NYC on 9/11, Sailors' Snug Harbor
Pickled Peaches
Water Shoes
Labor Costs in U.S.
Your "identity"
Good news about The Great Courses
Uses of Hot Pepper Jelly/Sauce, Chutneys, and Jams
A Saturday Drive to Litchfield County, CT
How to Pick a Kayak
Civilized: Fruit forks and knives
Loads of kayaking on Cape Cod
Psychology Experiments' Questionable Results

Categories


All categories

Quicksearch

Links

Blog Administration

Open login screen

RSS Readers

Add to Google

Subscribe with Bloglines

Monday, October 9. 2017

Wiping Out Puerto Rico's Debt


It is a bad precedent, but  The Case For Wiping Out Puerto Rico's Debt


Most of us here are in favor of Puerto Rican independence.  US Territories are an obsolete concept. Evil colonialism. Blame Columbus, and let PR free. To help erase Columbus more completely, let's ban the colonial Spanish language from Latin America as soon as possible. It's a painful remnant of oppression.

Posted by The News Junkie in Hot News & Misc. Short Subjects at 15:55 | Comments (9) | Trackbacks (0)

Trackbacks
Trackback specific URI for this entry

No Trackbacks

Comments
Display comments as (Linear | Threaded)

Make bankruptcy possible but do not have US taxpayers make their debt payments. There are investors who only paid 40% on the dollar for the debt...maybe a bankruptcy judge will settle the whole debt for 20% of the original price. Lender and buyer beware. Connecticut cities next?
#1 indyjonesouthere on 2017-10-09 16:54 (Reply)
First hire some forensic accountants and have a legal investigation into where the money went. It may be possible to claw back some of that money that no doubt was stolen or fraudulently distributed.
Second, establish a honest judiciary system and a decent constitution that provides checks and balances.
Third put some/all of the dishonest politicians in jail.
Forth clean up the regulatory swamp and the union thugs and allow interested companies to build hotels and attractions for tourists.

This would make great sense and restore a measure of trust to the Puerto Rican government and it would provide jobs and a booming economy for the people. But I assume that our government will instead just drop more money down that stinking rathole that is the Puerto Rican government and they will still be wallowing in their welfare lifestyle for another 100 years or so.
#2 GoneWithTheWind on 2017-10-09 17:08 (Reply)
Puerto Rice is a third-world "culture", just like the rest of Central and South America. They are at least not fourth-world like Haiti and Detroit and New Orleans and the District of Corruption, but there is no way to clean out the sewage without cleaning out that "culture".
#2.1 Mark Matis on 2017-10-09 17:38 (Reply)
put some/all of the dishonest politicians in jail.
Good luck!!!
#2.2 RL on 2017-10-09 19:09 (Reply)
Third put some/all of the politicians in jail.

Corrected that for you, no need for the word dishonest, it's implicit in the word politician.
#2.3 JTW on 2017-10-10 01:01 (Reply)
Puerto Rico is still doing lots better financially than the federal government, so what's the problem?

https://tradingeconomics.com/united-states/government-debt-to-gdp

The U.S. flew past Puerto Rico in terms of fiscal imprudence the first year of the Obama reign.
#3 Jim on 2017-10-09 18:47 (Reply)
That CEO of the local company, Jorge Rodriguez, should be the receiver appointed in BK. Let him run the place for a couple of years.
http://www.foxnews.com/us/2017/10/01/puerto-rican-ceo-sends-engineers-to-help-fema-efforts-calls-local-pols-inept.html
#4 Mike K (Link) on 2017-10-10 06:40 (Reply)
re The Case For Wiping Out Puerto Rico's Debt

Well, if that would be good for PR, it would be even better for the USA, yes?

What could possibly go wrong?
#5 feeblemind on 2017-10-10 12:14 (Reply)
"Que?"
#6 Richard on 2017-10-11 13:47 (Reply)

Add Comment
(Your e-mail will not show in your comment)

By commenting on this site you agree to the site rules listed here. Email
addresses will not be displayed and will only be used for email notifications.

Quick reference guide: [i] italics [/i], [b] bold [/b], [u] underline [/u],
[url] (web address) [/url]. More tips here.

Enclosing asterisks marks text as bold (*word*), underscore are made via _word_.
E-Mail addresses will not be displayed and will only be used for E-Mail notifications.

To prevent automated Bots from commentspamming, please enter the string you see in the image below in the appropriate input box. Your comment will only be submitted if the strings match. Please ensure that your browser supports and accepts cookies, or your comment cannot be verified correctly.
CAPTCHA

BBCode format allowed
 
 
A Chris Southern Consulting website.