Puerto Rico Says It Cannot Pay Back It’s Bond Debt – “Our debts are non-payable”…

dJune 29, 2015

The Last Refuge:

The reoccurring problem with socialism is eventually you run out of other people’s money !!

I’m not quite sure what the exact percentage is currently, but it was previously estimated more than 50% of all Puerto Ricans receive federal government subsidy (welfare) benefits of some form.  It is an unsustainable socio-economic system based on massive federal expenditures to subsidize their residents. 

Puerto Rico now saying “repayment is impossible”.  Here come the cries for bailouts from the Democrats.

Obama Puerto Rico 2

More at The Last Refuge

Disclaimer: This article was not written by Lorra B.

2 thoughts on “Puerto Rico Says It Cannot Pay Back It’s Bond Debt – “Our debts are non-payable”…

  1. Jesus Cristo, let’s hurry on this before Puerto Rico’s next presenente get’s the U.S. Taxpayer to pick up the tab.

    Major league B.S. alert.

    Like

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