Puerto Rico close to default

[ryansride2017]

Originally Posted By: SteveSRT8
There is a HUGE issue of responsibility here. IMO the people elected to positions which directly control the budget should be prosecuted for making irresponsible decisions.


I couldn't agree more. They are knowingly running us off a cliff.

 

[Alfred_B]

@Benito, since PR has to make the payments on the bonds, regardless of anything, they are zero risk. As you said, the only way out for them is to change the law but who are we kidding.

What will happen will be exactly what has been happening to Greece in the last 7 years -- massive cuts to public spending so that the lenders' demands can be met.

Wall Street knew exactly what they were doing, they did not make a mistake.

PR has their balls in a vice grip of the Wall Street and I see massive population outflow to the mainland in the future.