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Puerto Rico Files for Bankruptcy the Day After Trump Admin Brags About Blocking Funds


US Politics & Gov't  (tags: Puerto Rico, austerity, bankruptcy, Trump Administration, hedge funds, debt, police )

Sheryl
- 769 days ago - motherjones.com
As time goes by and austerity measures start to strike on more and more people, people are going to stand up and respond to what is the government violence against the people who are left in very difficult conditions.



   

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Comments

Philippa Powers (10)
Wednesday May 10, 2017, 9:25 pm
Noted. Thanks, Dandelion. Trump must be so proud! And, I can only imagine how incredibly proud his mother must be of her son.
 

Darren Woolsey (218)
Wednesday May 10, 2017, 11:19 pm
There is a consistency appearing here, isn't there. . .

Shared news article and analysis over social media to raise and spread awareness.
 

Dawnie W (250)
Wednesday May 10, 2017, 11:37 pm
❤️❤️Noted...SHAMEFUL ❤️❤️Thank you...Dandelion❤️❤️

😉💜ღ❤️Ƹ̵̡Ӝ̵̨̄Ʒ😺♥L💙ve, Hugs and Peace go with you all♥😺Ƹ̵̡Ӝ̵̨̄Ʒ💛ღ❤️😉
 

Arild Warud (174)
Thursday May 11, 2017, 4:58 am
Yes Darren,the consistency is called stupidity.
 

Animae C (509)
Thursday May 11, 2017, 6:29 am
Another win for the 1%
 

Winn A (179)
Thursday May 11, 2017, 9:34 am
:-(
 

JL A (281)
Thursday May 11, 2017, 11:14 am
I am glad the 2017 budget helped on their inadequate (less than for states) Medicaid funding and permits them to partially free themselves from the aptly named vulture capitalists who bought their debt. Thanks Dandelion
 

Ed Site Issues V (198)
Thursday May 11, 2017, 11:46 am
Noted, Thanks
 

Barb SiteIssues V (202)
Thursday May 11, 2017, 2:48 pm
Noted, Thank you
 

Lisa Zilli (17)
Thursday May 11, 2017, 8:45 pm
The U.S. will be next if we don't get our government spending under control. Deficits are unsustainable in the long run. Austerity is the only way out of massive government debts.
 

Sheryl G (359)
Friday May 12, 2017, 5:57 am
I totally disagree with you Lisa and I suggest you do some reading with a lot of economist who inform us that to stimulate an economy you need to make money move. Also one does not continue with ongoing wars upon wars and military actions while doing tax cuts. If you want to spend money in such things you must raise taxes. Cutting programs from the already needy and suffering is not where we should be going. There is more to it than that but austerity is the worse way to go about things. Glad you are so comfortable in life you can even say that, but please, before you chop the head off of others please read more rounded articles which will show you, that austerity doesn't even work, and makes things worse in the long run.
 

Arild Warud (174)
Friday May 12, 2017, 10:36 am
Austerity kills the patient before he reaches the hospital,I do agree with you on that Sheryl.The biggest problem in the USA is that it's taking money from the poorest,the FED prints more dollars and the House and Senate raises the debt ceiling whenever it gets close to shut down your government.You are all on a downward spiral with that kind of confronting your economic/financial problems.
 

Darren Woolsey (218)
Saturday May 13, 2017, 1:51 am
Lisa. . . time to wake up. . . . the U.S. Gov. is SPENDING MORE THAN ANY OTHER COUNTRY on Military and War. . . so the U.S. budget deficit is pretty moot.
 

Sheryl G (359)
Saturday May 13, 2017, 3:44 pm
I know, increase the budget by billions but take away the food out of the disabled, many of them Veterans, the children, and Elders mouths. A single person receives in Food help what breaks down to $1.40 per meal. But it is more austerity for them according to some in DC and those citizens that believe the poor, disabled and the Elders are receiving too much.
 

Jolene P (7)
Saturday May 13, 2017, 9:28 pm
Puerto Rico is a US territory whose people can come and go from the US without green cards and visa's It does not make any sense for the US to force them into such a position. Look what Austerity has done to Greece.
 

Evelyn B (63)
Sunday May 14, 2017, 9:23 am
Austerity only harms further those who are struggling - it doesn't stimulate the economy.
Pumps need to be primed for flow to occur.

Forcing people to have to borrow in order to pay for essentials destroys - the borrowers and their communities.
Enabling people to spend primes the pump - those "little people" able to sell then have the means to buy more, & by buying, enable others to sell - & buy. AUSTERITY prevents that. "Local money" projects are showing how "priming the pump" locally, promoting local produce & service providers, can activate local economies.

But Puerto Rico appears to be caught between two rocks - not independent enough to declare bankruptcy freely - & not sufficiently part of the US to receive the support it needs, just being pushed over the edge. Forced into being a consumer client ...
 

Mandi T (367)
Sunday May 14, 2017, 12:51 pm
:-(
 

Raleigh k (358)
Monday May 15, 2017, 12:12 am
noted shared widely! - this insanity needs to stop now!
 

Robert B (55)
Monday May 15, 2017, 7:38 am
Austerity is nothing more than the rich punching the poor in the face for being poor.
 

Sheryl G (359)
Monday May 15, 2017, 2:23 pm
Good way to explain it Robert. I agree.
 
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