It only takes a few moments to share an article, but the person on the other end who reads it might have his life changed forever.

Thursday, November 05, 2015

After bankrupt U.S. bails out Puerto Rico, who will bail out the U.S.?

http://www.naturalnews.com/051848_Puerto_Rico_bailout_national_debt_financial_collapse.html

Citizens of Puerto Rico have consistently voted against becoming the 51st state, but for some reason, President Barack Obama thinks Americans ought to treat them like one anyway.


As reported by The Wall Street Journal, the administration responsible for building the most debt in U.S. history now wants the American taxpayer further burdened by bailing out a cash-strapped Puerto Rico.
The paper reported:
The White House made its most forceful call for federal intervention in Puerto Rico’s debt crisis on Wednesday, outlining legislation to restructure more of the $72 billion in debt issued by the commonwealth.
The Obama administration’s proposal goes beyond legislation already introduced in Congress, which would allow for restructuring debt issued by municipal entities but not the obligations of the commonwealth itself. While Democrats have supported the existing legislation, it hasn’t gained traction among Republicans.

No comments:

Post a Comment