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Thread: Puerto Rico $70 billion in debt

  1. #61 | Top
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    Welfare is not socialism, Champ!!!

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    Quote Originally Posted by Celticguy View Post
    Socialism has predictable results.
    Wut?
    It is the responsibility of every American citizen to own a modern military rifle.

  3. #63 | Top
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    Quote Originally Posted by Sailor View Post
    Eventually if the U.S. keeps borrowing. There is no way around it.
    Of course there is.
    Who do you think we owe the "debt" to?
    You do understand that with a fiat currency there is no currency without debt right?
    Clearly anatta doesn't but I expect so much more from you, Cap.
    It is the responsibility of every American citizen to own a modern military rifle.

  4. #64 | Top
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    Quote Originally Posted by Right View Post
    The US has assets to sell: western land.
    Why would we sell land to pay a debt we owe to ourselves, Conservative Idiot?
    Or is this just part of the RWA narrative?
    It is the responsibility of every American citizen to own a modern military rifle.

  5. #65 | Top
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    Quote Originally Posted by Sailor View Post
    Would you believe that is just one of the reasons we get the credit worldwide that we do? Our government has put all of our properties, your property, our national assets and all of our future earnings as collateral.
    Suggestion; research petro dollar, our main source of credit.

    Also the most important reason we were forced to destroy Libya
    It is the responsibility of every American citizen to own a modern military rifle.

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    Quote Originally Posted by Right View Post
    That's how loans work, except in this case, the exact deed of the property isn't public knowledge.

    FedCo long ago sold off the gold in Fort Knox. There's very little in there now, if any.
    wow, newsflash
    It is the responsibility of every American citizen to own a modern military rifle.

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    Quote Originally Posted by Right View Post
    It has. Maybe some rich socialist thinks he can turn it around by making himself king and going full-on commie.
    Only if the Fed's Board of Governors is composed of far leftists, LOL.

    Quick, to the idiotmobile
    It is the responsibility of every American citizen to own a modern military rifle.

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    Quote Originally Posted by tinfoil View Post
    Yeah, just walk away from debts like Trump would do. Smart! #MAGArific
    That had to leave a mark.
    It is the responsibility of every American citizen to own a modern military rifle.

  9. #69 | Top
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    Quote Originally Posted by Rune View Post
    Why would we sell land to pay a debt we owe to ourselves, Conservative Idiot?
    Or is this just part of the RWA narrative?
    Are we Chinese now? :wtf:

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    Quote Originally Posted by Rune View Post

    Quick, to the idiotmobile
    Is that what you call your S-10?

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  12. #71 | Top
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    still little sewage, no potable water, flooding and electricity lacking.
    It's going to reach a crisis if they can't get some basic services going soon

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    "Anarchism does not mean bloodshed; it does not mean robbery, arson, etc. These monstrosities are, on the contrary, the characteristic features of capitalism. Anarchism, or Socialism, means the re-organization of society upon scientific principles and the abolition of causes which produce vice and crime."
    August Spies

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    Quote Originally Posted by Sailor View Post
    Spending more than they take in for tax revenues and because of of U.S. Congress. They do not have to have a balanced budget because they are not a state. Congress made all sorts of F'd up tax loophole laws for investors in P.R.

    It is a mess down here. They are going to need help rebuilding.
    They've been in trouble for quite some time. I had a bond from the Puerto Rico Highway fund, and was lucky that it matured last year. Even then, I wasn't sure that they were going to pay the note....but somehow they did.
    Once in a while you get shown the light, in the strangest of places if you look at it right.

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    I wonder which party's politicians got the poor people of Puerto Rico into this pitiful predicament...

  16. #75 | Top
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    Quote Originally Posted by Sailor View Post
    The modern Democrat way. Why take any responsibility for you actions?
    Is that what trump did in the 80's?
    Once in a while you get shown the light, in the strangest of places if you look at it right.

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