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Puerto Rico failing financially

Posted by xthinker88 9 years, 10 months ago to Government
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Seems to me they are just following the same fiscal policies of the U.S. government.


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  • Posted by wiggys 9 years, 10 months ago
    why should PR be any different than the rest of the world.
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  • Posted by woodlema 9 years, 10 months ago
    Well, if they really want to see how well socialism works, then they need to just pay everyone who lives there the equivalent of $15.00/hr with free healthcare, with no expectation they should have to work at all.

    Let the liberals PROVE how well that will work. Oh wait, Greece!!! never mind.
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  • Posted by 9 years, 10 months ago
    Greece is going down the tubes even faster. The US will probably bail out PR since it is a US territory.

    http://money.cnn.com/2015/06/30/news/eco...

    I loved this quote:

    "Tsipras went on Greek TV late Monday to repeat his scathing criticism of the cash-for-reform offer, saying it would enslave the Greek people."

    Well, no, you already enslaved the Greek people by building up this debt. And they voted for the process along the way.

    An earlier article actually blamed recent "austerity" measures for the problem. Right. If they'd only be allowed to borrow more. It's soooo unfair.
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  • Posted by richrobinson 9 years, 10 months ago
    Typical government thinking. The economy is bad so they raise taxes and deficit spend to get out of it. I'm guessing they are shocked that it didn't work.
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