Posted on 05/24/2016 5:42:52 AM PDT by jimjohn
The bipartisan deal to tackle Puerto Rico’s debt crisis represents Paul Ryan’s first big victory as Speaker.
While the Wisconsin Republican has notched other wins on highway, education and government funding during his short, nearly seven-month tenure, former Speaker John Boehner (R-Ohio) had a hand in all of those negotiations.
Republicrats - doing the democrats dirty jobs for them.
Paul Ryan is going for the DICK(head) Durbin endorsement.
All of Ryan’s “wins” are costing the taxpayers a lot of money. Just sayin...
The Puerto Rico legislation still hasn’t been scheduled on the House floor. Bishop will mark up the bill in his committee on Wednesday, leaving the full chamber just one day to take it up before lawmakers leave town Thursday for the Memorial Day recess.
for the record, how is this going to cost taxpayers.
the debt was restructured
“Win” for who?
Bond markets, Mulvaney found, worried that protecting pensions over secured debt could start a dangerous pattern for cash-strapped cities and states. Though Detroit’s prioritization of debt payments was seen as an anomaly, traders feared that doing the same in Puerto Rico would set a precedent for future cases.
And YES, Dickhead wants the state of Il and Chicongo to stiff the bondholders!
This article is very disturbing. Ryan and Republicans caving at every turn.
Primary him. Go Nehlen!
you are wrong
You post no facts to back your dogmatic assertions
Feel free to back yourself with facts as well. Understanding government debt and how it’s held is a good start.
So if you bought the bonds on the market at a cheap discounted price these last several months then you made out big?
It was caving by Ryan do to the bidding of his
Master, Bishop Romney, and his Puppetmaster Pelosi.
RINO Ryan should be removed in a few weeks, forever.
> leaving the full chamber just one day to take it up
yet another midnight cramdown.
If you read the article you’ll note that Puerto Rico’s problem has already cost the government a lot of money in terms of cost of lengthy political negotiations. And we will pay for the administrative control board. Granted, this is small potatoes compared to the island’s serious debt problems and their massive pension shortfall that is in excess of $40 billion. Puerto Rico’s problems are structural and major reforms are needed but I just don’t see that happening. Its Greece in the Caribbean and ultimately there will be some form of bailout. That’s usually the government’s solution because reforms rarely work.
Next up: Illinois
I noticed that too. Right back to pass it before you read it. The Democrats may as well still be in control.
If you want to talk about being dogmatic, look no further than Pelosi’s influence in this matter.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.