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Lib Isn't Going To Like This...

Posted: Sat May 21, 2016 12:40 pm
by Lord Jim
Congress and White House strike debt rescue deal for Puerto Rico

House Republicans and Democrats reached a rare election-year deal with the White House to try to rescue Puerto Rico from $70 billion in debt as millions of Americans in the cash-strapped U.S. territory struggle with the loss of basic services.

A revised House bill introduced late Wednesday would create a board to help manage the territory's financial obligations and restructure some debt. Negotiations between the Obama administration and House Speaker Paul D. Ryan's office helped finalize the legislation.

It is a "fair but tough bipartisan compromise," Treasury Secretary Jacob J. Lew said.

Ryan (R-Wis.) said the legislation would prevent an eventual taxpayer bailout.

Puerto Rico, mired in a decadelong recession, already has missed several payments to creditors. A $2 billion installment, the largest yet, is due July 1.
More:

http://www.latimes.com/nation/nationnow ... story.html

Re: Lib Isn't Going To Like This...

Posted: Sat May 21, 2016 12:53 pm
by MajGenl.Meade
Since Spain still recognizes all Puerto Ricans as Spanish citizens (and not U.S.), shouldn't they go halfsies?

Re: Lib Isn't Going To Like This...

Posted: Sat May 21, 2016 2:37 pm
by Long Run
MajGenl.Meade wrote:Since Spain still recognizes all Puerto Ricans as Spanish citizens (and not U.S.), shouldn't they go halfsies?
You mean Mexico? :?

Re: Lib Isn't Going To Like This...

Posted: Sat May 21, 2016 5:45 pm
by Beer Sponge
I think Mexico is saving up for a wall!

Re: Lib Isn't Going To Like This...

Posted: Sat May 21, 2016 5:46 pm
by rubato
MajGenl.Meade wrote:Since Spain still recognizes all Puerto Ricans as Spanish citizens (and not U.S.), shouldn't they go halfsies?

No Beisbol en Espana. No Toreo in PR. So maybe 1/8th.

And there are doctrinal differences:

Image


yrs,
rubato

Re: Lib Isn't Going To Like This...

Posted: Sun May 22, 2016 2:51 pm
by MajGenl.Meade
Long Run wrote:
MajGenl.Meade wrote:Since Spain still recognizes all Puerto Ricans as Spanish citizens (and not U.S.), shouldn't they go halfsies?
You mean Mexico? :?
Thanks, wesw. :lol: No, I mean Spain.

Re: Lib Isn't Going To Like This...

Posted: Sun May 22, 2016 3:25 pm
by Lord Jim
Always happy to have an excuse to repost this one...

Hit it Rita:


Re: Lib Isn't Going To Like This...

Posted: Sun May 22, 2016 3:41 pm
by liberty
Lord Jim wrote:Always happy to have an excuse to repost this one...

Hit it Rita:

Sorry to disappoint you Jim ,but I really don’t care as long as it doesn’t cost this country any money. Anyone stupid enough to load money to Puerto Rico deserves to lose their money. I understand that a third of the population of the island work for the government; do you think that is sustainable?


My problem with Puerto Rico is that they are making fools of the people of this country. This foolishness has been going on long enough; it is past time for them to either join the family or go their own way. Giving the Puerto Ricans US citizenship was one of the most ill conceived things that congress ever did. The people of that island have US citizenship, but the territory doesn’t belong to the US. They can leave anytime they want; what would happen if a state tried that?

Re: Lib Isn't Going To Like This...

Posted: Sun May 22, 2016 3:45 pm
by MajGenl.Meade
liberty wrote:They can leave anytime they want
And why on earth are you complaining about that?

Re: Lib Isn't Going To Like This...

Posted: Sun May 22, 2016 4:03 pm
by liberty
MajGenl.Meade wrote:
liberty wrote:They can leave anytime they want
And why on earth are you complaining about that?
It is the principle of the thing:
There is no marriage; your beautiful daughter is shacking up with a drunken bum that can run off with the rent money at anytime.

If Puerto Rico is not willing to commit to union they should go their own way.

Re: Lib Isn't Going To Like This...

Posted: Sun May 22, 2016 7:15 pm
by liberty
delete

Re: Lib Isn't Going To Like This...

Posted: Sun May 22, 2016 7:21 pm
by Joe Guy
that?

Re: Lib Isn't Going To Like This...

Posted: Sun May 22, 2016 8:31 pm
by liberty
test

Re: Lib Isn't Going To Like This...

Posted: Sun May 22, 2016 10:07 pm
by Joe Guy
passed.

Re: Lib Isn't Going To Like This...

Posted: Sun May 22, 2016 10:11 pm
by Lord Jim
liberty wrote:test
Lib, your problem isn't that your posts aren't showing up...

It's that they are showing up multiple times. Feel free to edit one of them out.

Re: Lib Isn't Going To Like This...

Posted: Sun May 22, 2016 10:22 pm
by Joe Guy
Maybe if you say it in italics...

Lib, your problem isn't that your posts aren't showing up...

It's that they are showing up multiple times. Feel free to edit one of them out.



testing 1,2,3... :mrgreen:

Re: Lib Isn't Going To Like This...

Posted: Sun May 22, 2016 10:45 pm
by Scooter
liberty wrote:I understand that a third of the population of the island work for the government; do you think that is sustainable?
Once again, because it clearly did not sink in the first thousand times you pulled "facts" out of your ass, your safest assumption is that whatever you imagine you know or understand, it is wrong.

26% of Puerto Rico's workforce are in public sector jobs source

It is 35% in Denmark and Norway
Sweden 28%
Slovakia and Hungary 27%
Estonia and Luxembourg 26%
Poland and Ireland 25%
UK 24%
Slovenia and Greece 23%
Belgium 22%

So yes, it is absolutely sustainable if they can get the economy turned around. There are structural issues that make that challenging. You built the Puerto Rican economy to serve U.S. interests with tax and trade incentives, and when it was in your interest you eliminated those incentives knowing it would tank their economy.
My problem with Puerto Rico is that they are making fools of the people of this country. This foolishness has been going on long enough; it is past time for them to either join the family or go their own way. Giving the Puerto Ricans US citizenship was one of the most ill conceived things that congress ever did. The people of that island have US citizenship, but the territory doesn’t belong to the US. They can leave anytime they want; what would happen if a state tried that?
Once again, in 1904 Congress created Puerto Rican citizenship, because you didn't want to make them American citizens and you couldn't allow millions of people to remain stateless. Around 1917 or thereabouts, you decided you didn't like that idea, because there was a war on and they couldn't be conscripted. So poof, they became U.S. citizens. So once again, you gave them distinct citizenship when it suited you, and you gave them U.S. citizenship when it suited you, you got to use them for cannon fodder in four wars and citizenship is the price you had to pay. Deal with it.

The GAO report on the impact of PR statehood on the federal budget estimated that federal program spending would increase by $1.7 to $5.9 billion* under statehood. The effect on tax revenues could be anywhere from a decrease of $2.2 billion to an increase of $7.3 billion. If we split the difference on both it would be $3.8 B more in program costs and $2.6 B more in taxes. Nothing to get excited about either way.

I'm curious, because I don't think the circumstances are much different in other U.S. territories, what is it about Puerto Rico that makes you feel entitled to single it out for such a ridiculous ultimatum. And once again, the Commonwealth was something imposed on Puerto Rico because it suited your interests (are we seeing a pattern here yet?). They weren't given the options of statehood or independence in 1898, if they had, I am pretty sure they would have picked one of the two. And for almost the next hundred years, the federal government had absolutely no intention to entertain either an application for statehood or a request for independence. Apparently that was long enough to get used to the idea, given the absence of any mass popular movement for change. How does that translate into they are making fools out of you? Why is it ok for the Virgin Islands, Guam, the Northern Mariana Islands and American Samoa to remain territories, but Puerto Rico alone must be forced to decide between statehood and independence?

And this analogy
There is no marriage; your beautiful daughter is shacking up with a drunken bum that can run off with the rent money at anytime.
is as ridiculous as I would expect from you. What, exactly, would the U.S. be cheated out of if Puerto Rico opted for independence? Because the rent money was paid to the landlord, and if your daughter was looking for a lifetime commitment, she should have treated him like a partner instead of defining their relationship without regard to his feelings, and never taking account of him except when it can get you something you want.





*some of the components are probably underestimated. For Medicare, they assumed no change in utilization (currently 78% of utilization in the states), but increasing payments to providers should induce additional providers to remain in PR rather than chase higher incomes on the mainland. Greater access to providers =greater usage=higher cost. For Medicaid, they made no provision for payments to nursing homes which really don't exist at present (because who would pay for them), but Medicaid payments might be sufficient inducement for someone to establish nursing homes)

Re: Lib Isn't Going To Like This...

Posted: Mon May 23, 2016 2:19 am
by liberty
test

Re: Lib Isn't Going To Like This...

Posted: Mon May 23, 2016 2:48 am
by Bicycle Bill
liberty wrote:test
Not just here, but on the "Hardware" thread too.  Just WTF are you testing, anyway?
And you do know you can always delete the post once you figure out if the test was a success or not, right?
(edited to add — according to Meade's post in response to the 'test post' on the Hardware thread, liberty is testing our patience; I think he's hit the nail on the head.)
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-"BB"-

Re: Lib Isn't Going To Like This...

Posted: Mon May 23, 2016 5:58 am
by liberty
Bicycle Bill wrote:
liberty wrote:test
Not just here, but on the "Hardware" thread too.  Just WTF are you testing, anyway?
And you do know you can always delete the post once you figure out if the test was a success or not, right?
(edited to add — according to Meade's post in response to the 'test post' on the Hardware thread, liberty is testing our patience; I think he's hit the nail on the head.)
Image
-"BB"-
You can’t delete it if you can’t find it; some of my post have been playing hide and seek. For now, I am reserving judgment.