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.
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