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Donald Trump won't bail out Puerto Rico
CNN -Money ^ | May 7, 2016 | Heather Long

Posted on 05/09/2016 1:14:14 PM PDT by Beautiful_Gracious_Skies

Donald Trump says Puerto Rico has "far far too much debt," and the U.S. government shouldn't bail out the island.......

Puerto Rico is in crisis mode. It has run up $70 billion in debt, a staggering amount for an island of under 3.5 million people.....

"You have to cut the debt way down and get back to business," he said.

(Excerpt) Read more at money.cnn.com ...


TOPICS: News/Current Events; Politics/Elections; US: New York
KEYWORDS: 2016election; 2016issues; bailout; cesarconda; debt; election2016; newyork; paulryan; puertorico; toobigtofail; trump
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To: orchestra
he·gem·o·ny həˈjemənē,ˈhejəˌmōnē/

Yes, she was a fun character in Harry Potter.


21 posted on 05/09/2016 1:30:20 PM PDT by humblegunner (NOW with even more AWESOMENESS)
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To: Beautiful_Gracious_Skies; All

Well, isn’t that special! Good for Trump btw.

Remember this!
One of Trump’s biggest enemies is ALL about statehood and bailing out Puerto Rico. CESAR CONDA, who happens to be the powerful Lobbyist/immigration lawyer who OWNS PAUL RYAN and Marco Rubio! He brought them both to DC politics.

SELL OUTS: Paul Ryan, National Review Call For Puerto Rico Bailout For Hedge Fund Masters & Lobbyist Pals

http://gotnews.com/tag/puerto-rican-statehood-council/

[snip]

Ryan is being lobbied hard by Cesar Conda. That name may sound familiar to you. He was Senator Rubio’s controversial, pro-amnesty chief of staff.

[Conda] has called himself a “conservative mentor” to Paul Ryan on his LinkedIn and was once Ryan’s colleague at the Alexis de Tocqueville Institution where they worked together on open borders immigration proposals. Together they killed an immigration restriction bill in 1996. (Matthew Rees, “Rookies of the Year,” The Weekly Standard, April 15, 1996).

April 21, 2016


22 posted on 05/09/2016 1:34:22 PM PDT by AuntB (Trump is our Ben Franklin - Brilliant, Boisterous, Brave and ALL AMERICAN!)
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To: Beautiful_Gracious_Skies

Here’s a great libtard idea, make a 70 billion dollar platinum coin...

Pay off their debt...

They swear it is legal...


23 posted on 05/09/2016 1:37:13 PM PDT by Popman (Christ alone: My Cornerstone...)
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To: ransacked

They’d just take the cash and not keep up there end of the deal

If Guam can run a budget surplus PR can


24 posted on 05/09/2016 1:37:40 PM PDT by Fai Mao
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To: PJBankard; bgill; Pelham; nascarnation; nikos1121; Sacajaweau

See post 22 Don’t forget the name CESAR CONDA...he’s at the bottom of all things anti Trump and pushing bail out for PR along with PAUL RYAN and National Review.

http://www.freerepublic.com/focus/news/3429031/posts?page=22#22


25 posted on 05/09/2016 1:37:42 PM PDT by AuntB (Trump is our Ben Franklin - Brilliant, Boisterous, Brave and ALL AMERICAN!)
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To: PJBankard

You are correct. They can easily hire some good receivership attorneys, get DIP financing and restructure their existing debt. They need our permission to do the aforementioned - I say give it to them with a pat on the rear. They will be fine without our pouring more good money after bad.


26 posted on 05/09/2016 1:38:15 PM PDT by quantumman
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To: ransacked

There is no way that 90% of that debt can ever be repaid. The island’s economy is shrinking, along with the population. See, someone has to say it aloud first...


27 posted on 05/09/2016 1:38:15 PM PDT by ken5050 (A new slogan for #NeverTrumpers: #WTYS (we told you so!))
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To: AuntB

This will get done in the lame duck session (if PR can hang on that long), thus completing the split in the party - 100% of Dims and enough paid off Pubbies to make a majority. If Trump wins, the question will be how does McConnell go on this vote.


28 posted on 05/09/2016 1:40:57 PM PDT by FirstFlaBn
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To: Beautiful_Gracious_Skies

GOOD; he is correct about this, as well as much else.


29 posted on 05/09/2016 1:41:04 PM PDT by nopardons
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Comment #30 Removed by Moderator

To: Beautiful_Gracious_Skies

Puerto Rico asked Trump for money?


31 posted on 05/09/2016 1:42:03 PM PDT by nickcarraway
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To: Fai Mao

Guam has to be able to balance their budget. If they couldn’t, it’d tip over.


32 posted on 05/09/2016 1:44:13 PM PDT by bgill (CDC site, "We still do not know exactly how people are infected with Ebola")
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To: Beautiful_Gracious_Skies

Amen!


33 posted on 05/09/2016 1:44:38 PM PDT by SuperLuminal (Where is another agitator for republicanism like Sam Adams when we need him?)
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To: AuntB

I think more than half of the population is totally receiving welfare, and that was 40 years ago. How can they be 80 billion dollars in debt. Who day owe the money to, us?


34 posted on 05/09/2016 1:46:41 PM PDT by nikos1121 (A Trump America will be like Greece's Golden Age of Pericles)
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To: Beautiful_Gracious_Skies

Welcome to Socialism 101,interesting how a part of the United States under this most liberal administration turned into Greece or Venezuela.

Oh and another article commented that if he bails them out,he’d have to do the same for Illinois.They are also in debt up to their eyeballs.


35 posted on 05/09/2016 1:46:51 PM PDT by Del Rapier
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To: Beautiful_Gracious_Skies

Donald Trump does not know that Puerto Rico is NOT incorporated. It is an UNINCORPORATED territory of the U.S.

That means that the bonds issued through Puerto Rico are from the U.S. itself.

That means that the U.S. is in default on these bonds as of midnight last Monday.

So much for “full faith and credit”


36 posted on 05/09/2016 1:48:48 PM PDT by TruthInThoughtWordAndDeed (Yahuah Yahusha)
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To: Beautiful_Gracious_Skies

$20,000 per person?


37 posted on 05/09/2016 1:54:14 PM PDT by cassiusking
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To: Beautiful_Gracious_Skies

If Trump says you have too much debt, then you have way too much debt.

He knows all about going broke.


38 posted on 05/09/2016 1:54:39 PM PDT by TheThirdRuffian (Orange is the new brown)
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To: jwalsh07

They are in my experience outstanding soldiers. Many of the best NCO’s I had were from the island and they love the Airborne!


39 posted on 05/09/2016 1:54:48 PM PDT by volunbeer (ABH for President! - Anybody but Hillary)
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To: Sacajaweau; humblegunner; All

From whom will the water utility borrow hundreds of millions $$$?

Puerto Rico robbing Pedro to pay Paulo?

http://finance.yahoo.com/news/puerto-rico-seeking-sell-water-175126928.html;_ylt=AwrBT.Rf.DBX0MYA.OJXNyoA;_ylu=X3oDMTEybDZvZ21uBGNvbG8DYmYxBHBvcwMxBHZ0aWQDQjIwNDZfMQRzZWMDc2M-

Don’t know if this can be posted here from Bloomberg, today:

Puerto Rico is pushing for its water utility to borrow hundreds of millions of dollars to avoid a July bond default, seeking to overcome investors’ skepticism as the island’s fiscal crisis pushes it to skip payments on a growing share of its $70 billion of debt.


40 posted on 05/09/2016 1:56:59 PM PDT by Beautiful_Gracious_Skies
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