Lake Erie Conservative

thoughtful discussion(s) about issue(s)

… It is Only a Beginning [#Puerto Rico][#financial control board]…

Posted by paulfromwloh on Sunday,May 29th,2016

.. yes , it is only a beginning . At least both parties are taking Puerto Rico ‘ s problems seriously ..

.. but , ultimately , it is the commonwealth itself that has to govern itself and manage its finances in a proper manner ..

.. default is obviously not an option . Public services are ending . Schools are closing . Bankruptcy is not likely an option , either . Sharp spending cuts will have to be shared by all , including pensioners ..

.. [h/t — Newsmax.com/finance]..
.. [link] to the blog post news ..

.. the spectres of both fallouts will get folks ‘ attention . Whether it will get the attention of Puerto Rico ‘ s political establishment is another matter ..

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