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.
More at The Last Refuge
Disclaimer: This article was not written by Lorra B.