[Moonman62]

We should have cut them loose when they wanted to be cut loose.

[Daveinyork]

“The problem with socialism is that sooner or later you run out of other people's money.” Margaret Thatcher.

[jsanders2001]

Like a spoiled teenager, their hands are out waiting for the dinero. And the U.S. wonders why their deficit is so high.

[oh8eleven]

Puerto Rico's Financial Crisis
Isn't this the country that receives US Federal benefits - but whose citizens pay no US personal income taxes?

[1Old Pro]

Here’s what’s happening:

Crisis in PR, proper handling (our money to them) by Obama will get Hillary the much needed PR vote from PR’s in the U.S.

[RayChuang88]

The biggest problem with Puerto Rico is that they can't use the Chapter 9 bankruptcy laws to reorganize government finances. That's a huge problem for that territory.

Look at Detroit--after they were able to use Chapter 9 bankruptcy laws, with those expensive pension obligations out of the way, the city has finally begun the long process of reinventing itself to be less dependent on the auto industry and more on trans-border trade between Canada and the USA--especially now with the start of the construction of the Gordon "Gordie" Howe International Crossing bridge, a project 30 years overdue.

[outofsalt]

A brief history of Puerto Rico’s governors
Governors under the Constitution of the Commonwealth of Puerto Rico

1 Luis Muñoz Marín
1949 1965 Popular Democratic Party Independen

2 Roberto Sánchez Vilella
1965 1969 Popular Democratic Party Democrat

3 Luis A. Ferré
1969 1973 New Progressive Party Republican

4 Rafael Hernández Colón
1973 1977 Popular Democratic Party Democrat

5 Carlos Romero Barceló
1977 1985 New Progressive Party Democrat

6 Rafael Hernández Colón
1985 1993 Popular Democratic Party Democrat

7 Dr Pedro Rosselló
1993 2001 New Progressive Party Democrat

8 Governor Sila Calderon
2001 2005 Popular Democratic Party Democrat

9 Aníbal Acevedo Vilá
2005 2009 Popular Democratic Party Democrat

10 Luis Fortuño
2009 2012 New Progressive Partites

11 Alejandro Garcia Padilla - Democrat Party

https://en.wikipedia.org/wiki/List_of_Governors_of_Puerto_Rico

[JRios1968]

PING

[cll]

To the list: I will mercifully not be pinging you to each and every story that comes out about Puerto Rico's "financial crisis". If you want more, you can do a FR search for "Puerto Rico". I will be tagging those stories s such.

Puerto Rico Ping! Please Freepmail me if you want on or off the list.