Trump to forgive all of Puerto Rico's debt??? (can he even do that?) (user search)
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  Trump to forgive all of Puerto Rico's debt??? (can he even do that?) (search mode)
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Author Topic: Trump to forgive all of Puerto Rico's debt??? (can he even do that?)  (Read 1210 times)
Dr. Arch
Arch
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Posts: 12,453
Puerto Rico


« on: October 04, 2017, 08:11:38 AM »

The GOP won't pass this and the FC will do backflips to try to kill any massive PR bailout as "a socialist big gubmint takeover! OMG!"

Not going to happen but something drastic needs to happen to stave off a PR revolution. Debt, intolerable conditions, and economic crises breed revolution.

Not to mention an antagonizing head of state who only shows disregard, incompetence, and contempt towards the people. The U.S. has to do something because the status quo situation has been beyond repair for a while now.
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Dr. Arch
Arch
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*****
Posts: 12,453
Puerto Rico


« Reply #1 on: October 04, 2017, 02:47:37 PM »

The federal government paying off Puerto Rico's debt and making it a state would be a huge win for Republicans if it was them that passed it. Puerto Rico would become a lot more R-leaning, and probably be Safe R for a generation.

I really hope that some Republicans actually believe this.

lol, never ever happening under Republican control
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Dr. Arch
Arch
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*****
Posts: 12,453
Puerto Rico


« Reply #2 on: October 04, 2017, 03:52:26 PM »

PR's bond prices came crashing down after he said this. Just give them all the aid they need, don't add it to their debt, and deal with the current debt later. Forgiving the current debt wouldn't do anything tangible to help them right this second.

The GOP won't pass this and the FC will do backflips to try to kill any massive PR bailout as "a socialist big gubmint takeover! OMG!"

Not going to happen but something drastic needs to happen to stave off a PR revolution. Debt, intolerable conditions, and economic crises breed revolution.

Don't really think a "revolution" is necessary. If PR wants to be independent, let them be independent, I always assumed that was the policy.

It isn't. The policy is that Congress does whatever it wants to with Puerto Rico, regardless of what they "decide."
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