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Puerto Rico officials: Our government is likely to shut down and it will be devastating
Business Insider ^ | 04/23/2015 | EDWARD KRUDY, REUTERS

Posted on 04/23/2015 7:58:50 AM PDT by SeekAndFind

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1 posted on 04/23/2015 7:58:50 AM PDT by SeekAndFind
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To: SeekAndFind

Puerto Rico is just one step ahead of the rest of the country in terms of playing out the last stages of the Welfare State. Live beyond its means, tax and borrow to pay for it and then collapse when you can’t squeeze and more tax revenue out of the producers and the suckers stop lending to you.


2 posted on 04/23/2015 8:01:12 AM PDT by Opinionated Blowhard ("When the people find they can vote themselves money, that will herald the end of the republic.")
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To: SeekAndFind

So...what’s the problem?


3 posted on 04/23/2015 8:02:01 AM PDT by ctdonath2 (Hillary:polarizing/calculating/disingenuous/insincere/ambitious/inevitable/entitled/overconfident/se)
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To: SeekAndFind

Unless Puerto Rico Petitions for Statehood and is granted, this is the best thing that could happen to them. WHAT? You CRAZY?

No. This is what America needs to reset, re-evaluate and re-focus the size and scope of government. When checks quit going out, folks will pay attention and the adults will take over. This goes for every government at every level around the world.

QUIT SPENDING MONEY WE DON’T HAVE! (In PR and the US)


4 posted on 04/23/2015 8:02:45 AM PDT by Tenacious 1 (POPOF. President Of Pants On Fire.)
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To: SeekAndFind

Quick, take another vote for statehood so we can bail you out.


5 posted on 04/23/2015 8:04:55 AM PDT by hattend (Firearms and ammunition...the only growing industries under the Obama regime.)
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To: SeekAndFind

“Too big to fail or too small to save?


6 posted on 04/23/2015 8:06:04 AM PDT by Don Corleone ("Oil the gun..eat the cannoli. Take it to the Mattress.")
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To: SeekAndFind

7 posted on 04/23/2015 8:06:36 AM PDT by ctdonath2 (Hillary:polarizing/calculating/disingenuous/insincere/ambitious/inevitable/entitled/overconfident/se)
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To: SeekAndFind

Great idea! How can we make it happen in my state? How about on the Federal government level?


8 posted on 04/23/2015 8:08:17 AM PDT by Sooth2222 ("In a democracy people get the leaders they deserve." - Joseph de Maistre, 1753-1821)
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To: ctdonath2

As I have come to believe, the problem with PR is that it wants the benefits of a legitimate state in this union (as opposed to what it is now as a possession) but not the pesky tedium of its citizens being subject to Federal Income Taxes. Plain and simple.

Citizenship and the privileges thereof, access to all the entitlement riches normal American citizen (and noncitizens, too) enjoy without that damned income tax....

The benefit they could enjoy (voting Congressmen/women and Senators) juxtaposed against paying that damned Federal Income Tax. A quandary supreme....what wins in the end?


9 posted on 04/23/2015 8:08:32 AM PDT by Gaffer
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To: ctdonath2

Yup. This should’ve happened to big banks and companies here as well rather than bailouts.


10 posted on 04/23/2015 8:08:49 AM PDT by SgtHooper (Anyone who remembers the 60's, wasn't there!)
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To: Opinionated Blowhard

Also, don’t forget, they just had to have vieques back which in turn ran the US Navy out. No telling how many billions their not receiving now because the Navy is gone. That must have had an impact.


11 posted on 04/23/2015 8:09:51 AM PDT by V_TWIN
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To: SeekAndFind

Guess who is going to pay for bailing them out?

Hint: Got a mirror?


12 posted on 04/23/2015 8:09:53 AM PDT by dfwgator
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To: dfwgator

I was just about to sa, I can see the headline now:

“OBAMA BAILS OUT PR”.


13 posted on 04/23/2015 8:13:13 AM PDT by V_TWIN
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To: Gaffer

You men you want me to believe they want to eat their cake and have it too?!......NO, say it ain’t so. ;) I’m sure der leader will be happy to accommodate.


14 posted on 04/23/2015 8:16:26 AM PDT by V_TWIN
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To: SeekAndFind

Seems to me that if illegal aliens are such a boost to our economy, then PR should be able to handle say 2 MM of them quite nicely and boost their economy as well. And there wouldn’t be any kind of language issue.


15 posted on 04/23/2015 8:17:24 AM PDT by Attention Surplus Disorder
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To: V_TWIN

and Hillary tries to take credit!!


16 posted on 04/23/2015 8:17:37 AM PDT by MeshugeMikey ("Never, Never, Never, Give Up," Winston Churchill ><>)
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To: SeekAndFind

There’s a few houses for sale in the neighborhood guess i can expect a few Puerto Rican families to be placed there soon along with our new Somalians around the corner.
Great...


17 posted on 04/23/2015 8:19:00 AM PDT by mowowie (`)
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To: V_TWIN

IIRC, while they don’t enjoy full Congressional voting privileges, they do, however have voting rights in party primaries.


18 posted on 04/23/2015 8:24:56 AM PDT by Gaffer
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To: Tenacious 1
QUIT SPENDING MONEY WE DON’T HAVE! (In PR and the US)

The Fed's just keep 'printing money'. So they spend, spend, spend - because they have a bottomless well to pull from ... Eventually this scam will implode - but it is impossible to predict when. This has been going on for years, and the Washington D.C. 'leaders' see no reason to change their practices.

19 posted on 04/23/2015 8:26:33 AM PDT by El Cid (Believe on the Lord Jesus Christ, and thou shalt be saved, and thy house...)
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To: SeekAndFind

6 million on US food stamps


20 posted on 04/23/2015 8:28:33 AM PDT by wac3rd (Somewhere in Hell, Ted Kennedy snickers....)
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