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Governor: Puerto Rico near 'death spiral'

 
Anonymous Coward
User ID: 6406905
Canada
06/29/2015 09:43 AM
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Governor: Puerto Rico near 'death spiral'
Puerto Rico can no longer make payments on its $73 billion in debt, according to Governor Alejandro Garcia Padilla, who warns the island is perilously close to entering a "death spiral"

"The debt is not payable ... there is no other option. This is not politics, this is math," Garcia Padilla told the New York Times in an interview published Sunday evening. "But we have to make the economy grow. If not, we will be in a death spiral."
[link to money.cnn.com]

damneddamneddamneddamned
GodzillaReturns
Apex Predator

User ID: 60647328
United States
06/29/2015 09:47 AM

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Re: Governor: Puerto Rico near 'death spiral'
It's the damn governments fault they kicked that can down the road for so long. Plus it's a mostly corrupt government to begin with.
For the ACs..there is NOTHING that you can do to me on this platform..you can throw all the insults you want won’t do a thing because IDGAF

If you give me red don’t be a pussy and put your name on it. Have the balls to stand by what you say
Anonymous Coward
User ID: 61946541
United States
06/29/2015 09:58 AM
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Re: Governor: Puerto Rico near 'death spiral'
I see a bailout coming.
Anonymous Coward (OP)
User ID: 6406905
Canada
06/29/2015 10:01 AM
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Re: Governor: Puerto Rico near 'death spiral'
I see a bailout coming.
 Quoting: Anonymous Coward 61946541


Yep.





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