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Post by kabic on May 6, 2017 0:14:49 GMT -6
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Post by sd51555 on May 7, 2017 11:36:47 GMT -6
Don't think it'd do any good. They're so far gone, unless the bond holders are wiped out, PR will have to eat itself to stay alive, and that won't last long either. The slate needs to be wiped clean, and that means cutting spending and letting the bonds bust. Anyone holding PR bonds this late into the story deserves to lose their money anyway.
I seem to keep advocating for these destitute places to grow and sell pot legally. Make it a doper destination to re-invigorate tourism (no passport required), provide all sorts of new jobs, and tax the piss out of it.
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Post by sd51555 on May 22, 2017 10:53:19 GMT -6
This story is evolving a little more. Now the retirees are getting swept into it as well. Now the stakeholders include the :
Bond holders
Retirees
Employees
Benefit recipients
Transit Authority
The battle is forming to see who gets the little bit of cheese left in PR. This should be watched closely by everyone because this will be in the states soon enough. Illinois will go first. Even the ratings agencies (who deem all govt debt risk free) have said Illinois is a 25% probability of default.
How this shakes out will impact all of us, because it'll likely all end up getting dumped on Federal tax payers.
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Post by sd51555 on May 22, 2017 10:56:58 GMT -6
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Post by sd51555 on Jun 1, 2017 17:53:15 GMT -6
This story is evolving a little more. Now the retirees are getting swept into it as well. Now the stakeholders include the : Bond holders Retirees Employees Benefit recipients Transit Authority The battle is forming to see who gets the little bit of cheese left in PR. This should be watched closely by everyone because this will be in the states soon enough. Illinois will go first. Even the ratings agencies (who deem all govt debt risk free) have said Illinois is a 25% probability of default. How this shakes out will impact all of us, because it'll likely all end up getting dumped on Federal tax payers. Speaking of Illinois... www.bloomberg.com/news/articles/2017-06-01/illinois-bonds-cut-to-one-step-above-junk-by-s-p-over-stalemate |
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Post by Freeborn on Jun 1, 2017 18:45:56 GMT -6
This story is evolving a little more. Now the retirees are getting swept into it as well. Now the stakeholders include the : Bond holders Retirees Employees Benefit recipients Transit Authority The battle is forming to see who gets the little bit of cheese left in PR. This should be watched closely by everyone because this will be in the states soon enough. Illinois will go first. Even the ratings agencies (who deem all govt debt risk free) have said Illinois is a 25% probability of default. How this shakes out will impact all of us, because it'll likely all end up getting dumped on Federal tax payers. Speaking of Illinois... www.bloomberg.com/news/articles/2017-06-01/illinois-bonds-cut-to-one-step-above-junk-by-s-p-over-stalemateJust shows you that Democrats can't come up with any ideas other than to buy votes even in the face of a dire situation. Next will be California unless the Democrats get control of the Federal government then watch for a Federal bailout. |
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