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ORIGINAL: tamaka
File for bankruptcy.

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ORIGINAL: tamaka

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ORIGINAL: ThatDizzyChick

See, when it became clear that there was going to be a whole string of hurricanes running up the same basic path (i.e. weeks before the one hit PR), Canada loaded up a supply ship and a couple other ships and sent them south, so they were right there on hand once the weather cleared.
If we could get our shit together in time to sail there from Halifax, why the fuck couldn't the US get their shit together to have an equivelent force close at hand, seeing as they only had to sail like 1/4 the distance at most?
I'll tell you why. Because the people of Puerto Rico are brown and vote Democrat, unlike the white Republican voters of Texas and Florida.

And what is their culture like? Any more details besides color of skin and political association? I mean, what aspects of their culture created such a debt-ridden society?

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ORIGINAL: DesideriScuri
Soooo, Puerto Rico made a bunch of bad decisions,

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which resulted in their being way over their head in debt.

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ORIGINAL: DesideriScuri

Why should the Federal Government pay off PR's debts (or force PR's creditors to waive the debts)?

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ORIGINAL: heavyblinker

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ORIGINAL: MrRodgers

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ORIGINAL: BoscoX

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ORIGINAL: bounty44

I wont be back for a conversation with you on this but I imagine someone else might be thinking the same thing:

where in anything you said is a "national takeover of banks" being discussed?

He's literally just a howler these days

Once upon a time he almost made sense on occasion, not any more. Trump drove him completely insane

Translation: It is up to the listener to invoke or not either his common sense or partisan prejudices. Can't have both.

I guess now is as good a time as any to tell you that I keep looking at your signature thinking "the opposite of 'man exploits man' is 'man doesn't exploit man".
[:D]

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ORIGINAL: BlackSinMaster

I am certain President Trump is not a mass of lying contradictions. Indeed if he ever ran up 1 cent of debt I would imagine he paid it off, and very quickly at that, as he strikes me as a leader who leads by example and is above reproach.

The demolition work has been carried out by Mother Nature. So do they want to rebuild with a proper infrastructure with the aid of the Private Sector, or should Trump just take advantage of the demolition work, declare the island bankrupt, and build some nice condos.

78 billion is it? Is but a drop in the vast ocean and that can easily be absorbed.
Why isn’t Puerto Rico a state anyway?

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ORIGINAL: ThatDizzyChick

See, when it became clear that there was going to be a whole string of hurricanes running up the same basic path (i.e. weeks before the one hit PR), Canada loaded up a supply ship and a couple other ships and sent them south, so they were right there on hand once the weather cleared.
If we could get our shit together in time to sail there from Halifax, why the fuck couldn't the US get their shit together to have an equivelent force close at hand, seeing as they only had to sail like 1/4 the distance at most?
I'll tell you why. Because the people of Puerto Rico are brown and vote Democrat, unlike the white Republican voters of Texas and Florida.

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ORIGINAL: tamaka

quote:

ORIGINAL: ThatDizzyChick

See, when it became clear that there was going to be a whole string of hurricanes running up the same basic path (i.e. weeks before the one hit PR), Canada loaded up a supply ship and a couple other ships and sent them south, so they were right there on hand once the weather cleared.
If we could get our shit together in time to sail there from Halifax, why the fuck couldn't the US get their shit together to have an equivelent force close at hand, seeing as they only had to sail like 1/4 the distance at most?
I'll tell you why. Because the people of Puerto Rico are brown and vote Democrat, unlike the white Republican voters of Texas and Florida.

And what is their culture like? Any more details besides color of skin and political association? I mean, what aspects of their culture created such a debt-ridden society?

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ORIGINAL: tamaka
So you think that they will get enough aid to rebuild and let them keep their debt? Isn't that like rebuilding the same situation they had and then expecting different results?

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ORIGINAL: Lucylastic

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ORIGINAL: tamaka

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ORIGINAL: ThatDizzyChick
See, when it became clear that there was going to be a whole string of hurricanes running up the same basic path (i.e. weeks before the one hit PR), Canada loaded up a supply ship and a couple other ships and sent them south, so they were right there on hand once the weather cleared.
If we could get our shit together in time to sail there from Halifax, why the fuck couldn't the US get their shit together to have an equivelent force close at hand, seeing as they only had to sail like 1/4 the distance at most?
I'll tell you why. Because the people of Puerto Rico are brown and vote Democrat, unlike the white Republican voters of Texas and Florida.

And what is their culture like? Any more details besides color of skin and political association? I mean, what aspects of their culture created such a debt-ridden society?

corruption and greed, its a human disease, a world wide disease.

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ORIGINAL: Edwird

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ORIGINAL: DesideriScuri
Soooo, Puerto Rico made a bunch of bad decisions,

For which Wall St. immediately provided munificent funding, at every turn.

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which resulted in their being way over their head in debt.

For which Wall St. immediately provided even more munificent funding, at every turn.
See a pattern, here?
Be it private or public, stupidity is allowed to such degree, and only to such degree, as willfully accommodated by the financial sector.
Greater stupidity=higher returns.
The incentivisation is there. Like with Greece and Goldman Sachs' inducement to restructure the government debt to be even more stupid and tremendously costly, like Puerto Rico, like . . .