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US Commonwealth of Puerto Rico
Prepares to Default (in Spanish)

Breitbart National Security, by Chriss W. Street

Original Article

Posted By:Dreadnought, 7/13/2014 10:18:45 PM

Municipal bond mutual fund investors are panicking this weekend after the U.S. Commonwealth of Puerto Rico’s Legislature passed a new law allowing public agencies to default on their debt. Although part of the United States, Puerto Rico in the 1990s made Spanish the official language and now about 86% of the island does not speak English in the home. Democrat Governor Alejandro Garcia Padilla, who has difficulty speaking English, told Bloomberg News last year that Puerto Rico had a constitutional and moral obligation to not default on the island’s $73 billion of debt. But he just passed a law giving

      


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Reply 1 - Posted by: ColonialAmerican1623, 7/13/2014 10:45:02 PM     (No. 9923087)

The article says they are exempt from paying federal taxes unless they work outside the island. Not sure that´s accurate. The ones in this state pay taxes from their checks but receive a refund of those taxes on their income tax return.

They don´t speak English here either, even after living in the states for over 20 years.
No problem; everyone accommodates them at our cost.

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Reply 2 - Posted by: secondtimelucky, 7/13/2014 11:07:43 PM     (No. 9923108)

I vote for PR independence...

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Reply 3 - Posted by: bighambone, 7/14/2014 12:40:02 AM     (No. 9923147)

The Democrats would love to make Puerto Rico a state and gain a lock on two additional US senate seats plus whatever number of Congress critters that their population numbers would engender.

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Reply 4 - Posted by: Trigger2, 7/14/2014 1:00:08 AM     (No. 9923169)

Note to Congress: Do away with Puerto Rico as a U.S. commonwealth. Instead of relying on U.S. taxpayer money, they can sink or swim on their own.

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Reply 5 - Posted by: agrunt, 7/14/2014 2:05:58 AM     (No. 9923212)

I never will forget how they cried after forcing the US Navy to shut down a range it had on some island “belonging” to PR. When the range went so did the navy and a great loss of jobs. Too, too funny on how they howled about the loss of jobs after forcing the Navy to lose its range. Set them free and they can make it on their own.

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Reply 6 - Posted by: strike3, 7/14/2014 3:02:09 AM     (No. 9923233)

We have been paying the freight for these people since the 1950s, with current aid being $6.5 billion. One third of the population is employed. Without us, they would be another Haiti and, as is standard with our other charity cases, they hate us.

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Reply 7 - Posted by: Attercliffe, 7/14/2014 4:13:11 AM     (No. 9923247)

Send the illegals over there.

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