Chef Jim Posted June 12, 2017 Posted June 12, 2017 Their per capita debt is ~ $20,000. Ours is ~ $60,000. They must be doing something right. Better get 'em before Greece hops on it. Wait until they have to start paying federal taxes.
Deranged Rhino Posted June 12, 2017 Posted June 12, 2017 Buy it from the people of Puerto Rico and the Puerto Rican government, but remain an American territory, and develop it as an exclusive tax haven for the elite. Could be part of an interesting story line about a dystopian future, if Greg is paying any attention. Indeed!
ALF Posted June 12, 2017 Author Posted June 12, 2017 (edited) Nearly half a million votes were cast for statehood, more than 7,600 for free association/independence and nearly 6,700 for independence, according to preliminary results. The participation rate was just 23 percent with roughly 2.26 million registered voters, leading opponents to question the validity of a vote that several parties had boycotted. http://www.foxnews.com/world/2017/06/11/puerto-rico-voters-back-becoming-51st-state-in-referendum-marred-by-boycott.html Puerto Rico files for biggest US municipal bankruptcy May 3, 2017 article It's the biggest municipal bankruptcy filing ever in the US. Puerto Rico currently owes its creditors a whopping $70 billion, far higher than Detroit's $18 billion bankruptcy in 2013. http://money.cnn.com/2017/05/03/news/economy/puerto-rico-wants-to-file-for-bankruptcy/ Edited June 12, 2017 by ALF
Nanker Posted June 12, 2017 Posted June 12, 2017 With that heavy a debt, is their island in danger of tipping over?
hemma Posted June 12, 2017 Posted June 12, 2017 this proves you know nothing about economics! #brofist. Economics are so Yesterday. Anyway, this is our opportunity to revive the Manifest Destiny, cut annual Medicare costs by 50% and resurrect the agrarian lifestyle that we all crave.
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