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Puerto Rico Declares Bankruptcy
#7
(05-08-2017, 10:02 AM)David Horn Wrote:
(05-06-2017, 06:36 PM)Galen Wrote:
(05-06-2017, 09:26 AM)Odin Wrote: PR needs statehood ASAP. It's current status puts it at the mercy of Congress, it's a colony that has no legal autonomy other than what is granted to it. Independence would be bad because IMO it being a US state with it and it's people protected under the US Constitution would be far better than it being just another Latin American nation constantly being fucked with by American corporate interests.

I don't see how that will help since public pensions are in the process of eating state budgets.  I suggest you consider Illinois to be prime example of this.  Just another example of the fiscal mismanagement that is so common in the public sector.

Yeah, they should just cancel them like the private sector has done.  And I say that without defending the PR government.  They've done a miserable job for a long time, but they didn't just flush their employees down the drain with they didn't need them anymore.

Your wishes do not trump mathematics and the limitation of finite resources.
Democracy is the theory that the common people know what they want, and deserve to get it good and hard. -- H.L. Mencken

If one rejects laissez faire on account of man's fallibility and moral weakness, one must for the same reason also reject every kind of government action.   -- Ludwig von Mises
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Messages In This Thread
Puerto Rico Declares Bankruptcy - by pbrower2a - 05-05-2017, 08:43 AM
RE: Puerto Rico Declares Bankruptcy - by Odin - 05-06-2017, 09:26 AM
RE: Puerto Rico Declares Bankruptcy - by Galen - 05-06-2017, 06:36 PM
RE: Puerto Rico Declares Bankruptcy - by Galen - 05-09-2017, 03:52 AM
RE: Puerto Rico Declares Bankruptcy - by Galen - 05-18-2017, 04:21 AM
RE: Puerto Rico Declares Bankruptcy - by Galen - 05-18-2017, 03:33 PM
RE: Puerto Rico Declares Bankruptcy - by Galen - 07-01-2017, 09:42 PM

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