Tag Archives: PUERTO RICO

THE WELFARE ISLAND

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The head of an international engineering firm in Puerto Rico said in an editorial Saturday that when the time came to send 50 of his engineers to help in the aftermath of Hurricane Maria, he bypassed local officials and went straight to FEMA.

The reason, said Jorge Rodriguez, the CEO of PACIV, in an editorial in the New York Post, is that “for the last 30 years, the Puerto Rican government has been completely inept at handling regular societal needs, so I just don’t see it functioning in a crisis like this one.”

Puerto Ricans elected a new governor last November but, Rodriguez charged, he was inexperienced and had never been responsible for a budget.

Gov. Ricardo Rossello cannot exactly count on those around him either, Rodriguez asserted.

“His entire administration is totally inexperienced and they have no clue how to handle a crisis of this magnitude,” said Rodriguez, who has a graduate business degree from Harvard Business School and was named a “Most Distinguished Graduate” by the University of Puerto Rico.   

The WARNING FROM MR.Rodriguez who also had a word of caution for the U.S. Congress: “Watch out what relief funds you approve and let our local government handle. Don’t let the Puerto Rican government play the victim and fool you. They have no clue what they are doing, and I worry that they will mishandle anything that comes their way.”

AND WE ARE GOING TO POUR GOOD MONEY INTO PUERTO RICO!   THE LAZY GOOD FOR NOTHING WELFARE LEACHES WILL BLOW IT LIKE THEY HAVE FOR THE PAST CENTURY!  THIS IS THE WELFARE ISLAND. 

Hey Guys (this includes Girls-no offense, but guys is now a generic term) do you, a taxpayer, want to pay for a stranger’s new house ? Bigger and better than the one you own or rent?  Yeah, we are talking about those poor souls who lived in shanties down there in Puerto Rico. The ones with no flood insurance; to top it off 60% had no wind insurance. In the great majority of cases these houses (pmuds to say the least) were worth, maybe if you stretch it, $8000-$10,000. You have seen them before on the outskirts of Tijuana, Mexico – you say you don’t know what a pmud is, for heaven’s sake it is a dump spelled backward.

Well, let’s get to the point! The welfare island territory has leached off us long enough – now is their time to carry the water.  We are sick and tired of being being sucked dry. They are clamoring for us to give them new houses for free, yes those who had theirs destroyed by Maria. These former homeowners are surging into FEMA’s offices. Of course they have plenty of time on their hand, none work. They rely on you, the taxpayer, for money.  We are talking about the drug and gangster infested island. Audacity. They are also DEMANDING RESPECT. People with no job, but oh yeah, they are on SS disability, food stamps, welfare, medicare and whatever program they can suck dry. You don’t believe us? And the mayor of San Juan, she too opened her big fat trap. Trump had none of it. 

Flag of Puerto Rico.svgPuerto Rico’s bloated government also bears much of the blame. Around 30% of the territory’s jobs are in the public sector. Among other things, a big and coddled bureaucracy undermines Puerto Rico’s educational achievements in two ways. First, nearly half those on the education department’s payroll are not teachers; quality has fallen because of low accountability and mismanagement.

The Urban Dictionary defines LEACH; is a type of person who does their best to suck your personal wealth out of you, without actually causing pain, but just extreme annoyance after you notice it is happaning. Trump voters are sick and tired of being leached to death. Aren’t you?

As he walked through Aguadilla’s town hall recently, Mr Méndez, the mayor,  boasted about each employee’s university or graduate-school credentials as he introduced them. The trouble, he says, is that “All they want to do is find security only. They have no ambition...Everybody wants to work for the government.” Manuel Reyes, of the Puerto Rico Manufacturers Association, also sees little hope that the government’s role will shrink. “There is no light at the end of the tunnel,” he says, “because we are still in denial.”  

The federal government spent more than $2 billion to provide food stamps to residents of Puerto Rico in 2012, up to 25 percent of which is untraceable because it is distributed in cash and there is “no way to verify that funds are spent on food,” according to the U.S. Department of Agriculture (USDA). The funds are used to supply more than one-third of the population of Puerto Rico with food stamps. According to the U.S. Department of Agriculture (USDA), the Nutrition Assistance Program (NAP) for Puerto Rico, an unincorporated territory of the United States, received $2 billion in Nutrition Assistance Block Grants in fiscal year 2012.  Folks this was back in 2012, today it is approaching $3 billion dollars. Why work when you can eat like the burger King.

Unemployment: 48% of those eligible to work don’t, counting those that don’t seek work the figure explodes to 55%. One in six working-age men in Puerto Rico are claiming disability benefits and the figure is expect to rise to 12% because of Maria. People from the Dominican Republic do many of the jobs in Puerto Rico that pay too little to attract the locals because the huge amount of government payments they collect while on the dole. What do Puerto Rico’s men do all day? Some get into trouble. But many others hang out in pleasant places that require little money, such as beaches, shopping malls and the armchairs in Borders bookstores. They also watch plenty of television. Satellite dishes sprout from many rooftops. People always have money for that bill.

PUERTO RICO wins the Leach award hands down. Advice to President Trump, “do not give them one red cent.” The government is defunct, the people who live there rely on the United States for handouts. They have reneged on $125 billion in debt. Their economy never was functional, relying on tax breaks to bribe mainland companies – for the most part big pharma – to relocated there. They determined their fate; they shall have to live with it. Estimates of damage are close to $100 billion, why bail them out? For the United States taxpayer this is a travesty. To bail out a bunch of low lifes on social security disability is an affront to those who work, to the American taxpayer. The highest percentage of Social Security disability cases are in Puerto Rico. Now we expect a million more (because of depression) to apply for disability. IT IS A WAY OF LIFE IN PUERTO RICO. Live high, but don’t work, on other peoples money. READ ON FOLKS AND YOU WILL BEGIN TO COMPREHEND THE REAL SITUATION IN PUERTO RICO.

Puerto Ricans who can’t speak English qualify as disabled for Social Security

Hundreds of Puerto Rico’s residents qualified for federal disability benefits in recent years because they lacked fluency in English, according to government auditors. The Social Security Administration’s inspector general questioned the policy this month in light of the fact that Spanish is the predominant language in the U.S. territory. Under Social Security regulations, individuals are considered less employable in the United States if they can’t speak English, regardless of their work experience or level of education. AND THAT IS NOT ALL!

Puerto Rico is red meat, let the vultures come in and devour it. Clean it up and make it what it can be. But no this won’t happen because Big Government will get involved continuing their largess. LET THEM SINK OR SWIM. Why should the mainland BAIL them out?

According to the Consolidated Federal Funds Report compiled by the U.S. Census Bureau, Puerto Rico has received more than $21 billion annually in federal aid from the United States. A substantial portion of this amount is earmarked for public welfare, including funding educational programs (such as Head Start), subsidized housing programs (such as (Section 8 and public housing projects), and a food stampsystem called the Nutrition Assistance for Puerto Rico program.

Supplemental Security Income (SSI) is a federal entitlement program that provides cash assistance to low-income aged, blind, and disabled individuals. Individuals receiving SSI benefits are eligible for Medicaid coverage in all states except “section 209(b)” states, which have opted to use their more restrictive 1972 criteria in determining Medicaid eligibility for SSI recipients. Section 209(b) of the 1972 amendments to the Social Security Act allowed states the option of continuing to use their own eligibility criteria in determining Medicaid eligibility for the elderly and disabled rather than extending Medicaid coverage to all of those individuals who qualify for SSI benefits. As of 2001, eleven states (Connecticut, Hawaii, Illinois, Indiana, Minnesota, Missouri, New Hampshire, North Dakota, Ohio, Oklahoma, and Virginia) had elected the “209(b)” option to apply their 1972 eligibility criteria to aged or disabled individuals receiving SSI benefits for purposes of determining Medicaid

DESPACITO -“THIS IS HOW WE DO IT IN PUERTO RICO

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Despacito, “this is how we do it in Puerto Rico.”  However, this was not the case when it came to Maria, it was a typical hit and run, but when applied to rebuilding it will definitely be despacito. To add insult to injury, the Rich Port has suffered two catastrophes, one man made the other a natural one. The man made job was of their own doing; spending money they didn’t have, living the dolce vita on other people’s money. The island of 3.5 million is dead broke, but the insult is Maria who with a splash literally through water on their parade. According to reports, Puerto Rico is without power – the grid is down – property owners are waking up to the fact that many have nothing left. In these types of situations, for instance Haiti, rebuilding doesn’t come swiftly, but over time. It will be every man for himself type of situation because life or death waits in the wings. Expect a mass migration of Puerto Ricans to the Big Apple, Miami and its suburbs.

In just 24 hours, Maria dumped almost 40 inches of rain on parts of Puerto Rico, where millions of residents won’t have power for months. Most of the island saw more than a foot of precipitation as Maria turned streets into raging rivers. Puerto Ricans might not get power back for four to six months, said Ricardo Ramos, the CEO of Puerto Rico Electric Power Authority. Puerto Rico has been through a long recession and is deeply in debt. Before the storm hit, the state-owned power grid was “a little bit old, mishandled and weak,” the governor said. “The system has been basically destroyed,” Ramos told CNN. He said hospitals and water systems will get priority power restoration

Do not be dismayed those who take flight, yes the airport is opening up for the flight to the mainland, will no doubt go on the dole. After all 50% are on the dole already. The average per capita income in Puerto Rico is $20,000. And don’t forget that only 1% had flood insurance and wind insurance covered only 40% of the casa grandes. You see, most Puerto Rican’s did not have insurance on their flimsy houses, nor did they have mortgages which would have necessitated it. Mold now is a prime concern as air conditioning which relies on electricity is a hope and prayer.  Perhaps Elon Musk will provide solar to those who’s houses are still standing! But Puerto Rico will eventually recover because You will rebuild their haciendas for free. The smell of stench emanating from the island will be with us for a long time.

We must add, to the good people of Puerto Rico who work, pay taxes, support their families, didn’t scam the government, our hearts go out to them. For no fault of their own their life is now in shambles. 

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Before Maria paid them a visit the island was sinking under humongous amounts of debt. Bankruptcy was the only way out, but in so doing the liberal judge screwed the (please click here to get a clear picture of the dire conditions that existed before the cane hit)primary bondholders of the power company. This was an advertisement that Puerto Rico was no longer open for business. The best boat to take now is let the island sink or swim. The vulture capitalists will then come to the rescue, but with life vests attached; that is guarantees that they will not suffer the ignominious defeat the power company bondholders suffered. Advice to President Trump, stay away from the Rich Port. No matter what you give, they will want more and more and more; that is because that is how they do it in Puerto Rico.

The island of Puerto Rico, a Caribbean Island, a seductive island, a welfare island. Puerto Rico is all of these. They are bankrupt, seeking relief from 123 billion dollars in debt; 3 million of their citizens have lived the good life on our dime. Their creditors have been fleeced. For the past thirty years the island’s people have sucked the economy dry by borrowing to the hilt. Now they don’t want to pay. Like Greeks who think it is right to scam their creditors THEY HAVE NO SHAME. One may ask where did the money go? Down the drain. The government payed people not to work, in fact 41% of the workers were government employees.

 

 

PUERTO RICO THE SOCIALIST PARADISE OF THE CARIBBEAN DROWNING IN DEBT

The Greek debacle has been the focus of late on its on again-off again debt restructuring, but that doesn’t mean that the troubles in Puerto Rico are playing second fiddle. Puerto Rico is on the hook for close to $100 billion. That is a boat load of pina coladas. SoBe Smooth Pina Colada Drink - 20-Fl. Oz. Bottles (Pack of 12)Just in case you haven’t been initiated in the Puerto Rico way of doing business we bring you their number one life saver, welfare and social security.  Puerto Rico is a disability fraud paradise. The top 10 U.S. zip codes tied to people receiving disability benefits, nine are in Puerto Rico. Flag of Puerto Rico

The sharks are circling the waters in the hope of default if and when it happens. The rich island has a dark journey ahead, tourism is in the tank, the economy is in a perpetual depression, drugs are rampant and most of all the government will not do what needs to be done; cut bait.

But Puerto Rico is part of the United States and is a metaphor for liberal bastions like Illinois and Connecticut, both drowning  the sea of debt. Utmost on the minds of the Puerto Rican is not the rising sea levels, but their share of the islands IOU’s. By the way, in case you didn’t notice, Puerto Rico has a population similar to Connecticut, 3,5 million or simply put a debt of $22,000 for each of its citizens. And true to form the Commonwealth’s economy has slowly reached the point of no return being sucked down by a giant whirlpool, even Captain Nemo can’t save this one.Twenty Thousand Leagues Under the Sea by Jules Verne

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PUERTO RICO – “A GREEK TRAGEDY”

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The island of Puerto Rico, a Caribbean Island, a seductive island, a welfare island. Puerto Rico is all of these. They are bankrupt, seeking relief from 123 billion dollars in debt; 3 million of their citizens have lived the good life on our dime. Their creditors have been fleeced. For the past thirty years the island’s people have sucked the economy dry by borrowing to the hilt. Now they don’t want to pay. Like Greeks who think it is right to scam their creditors THEY HAVE NO SHAME. One may ask where did the money go? Down the drain. The government payed people not to work, in fact 41% of the workers were government employees.

PUERTO RICO THE SOCIALIST PARADISE OF THE CARIBBEAN DROWNING IN DEBT

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The Greek debacle has been the focus of late on its on again-off again debt restructuring, but that doesn’t mean that the troubles in Puerto Rico are playing second fiddle. Puerto Rico is on the hook for close to $100 billion. That is a boat load of pina coladas. SoBe Smooth Pina Colada Drink - 20-Fl. Oz. Bottles (Pack of 12)Just in case you haven’t been initiated in the Puerto Rico way of doing business we bring you their number one life saver, welfare and social security.  Puerto Rico is a disability fraud paradise. The top 10 U.S. zip codes tied to people receiving disability benefits, nine are in Puerto Rico. Flag of Puerto Rico

The sharks are circling the waters in the hope of default if and when it happens. The rich island has a dark journey ahead, tourism is in the tank, the economy is in a perpetual depression, drugs are rampant and most of all the government will not do what needs to be done; cut bait.

But Puerto Rico is part of the United States and is a metaphor for liberal bastions like Illinois and Connecticut, both drowning  the sea of debt. Utmost on the minds of the Puerto Rican is not the rising sea levels, but their share of the islands IOU’s. By the way, in case you didn’t notice, Puerto Rico has a population similar to Connecticut, 3,5 million or simply put a debt of $22,000 for each of its citizens. And true to form the Commonwealth’s economy has slowly reached the point of no return being sucked down by a giant whirlpool, even Captain Nemo can’t save this one.Twenty Thousand Leagues Under the Sea by Jules Verne

PUERTO RICO – A BASKET CASE – GOING DOWN LIKE AN EGYPTIAN JET

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The numerous times we written about Puerto Rico one thing has been stressed: Puerto Rico is a WELFARE PARADISE. An island that has been on the dole for three or more decades. A Greece in hiding. But now the waves are slamming its shores. Financial waves slamming at the largesse of government. The time has come to cough up the loot. Puerto Rico like all deadbeats says, well you know what they have said, f…y.. This does not sit well with many of their creditors. They take exception at being treated with disdain.

But all is not lost yet, Uncle Sam is coming to the rescue with strings. Those strings seem to be tougher than the Puerto Rican enablers like. In true fashion, Burn-ee Sanders weighed in on the subject. He, is not taking the hot Puerto Rican sun lightly as he vehemently spilled out a diatribe on why we should pour more money into the parasitic island. Click here for Burn-ee’s invective.

The Vermont senator writes in a letter released Monday that the deal reached last week between the White House and House Republicans and Democrats would empower an “unelected and undemocratic oversight board” and allow the governor of Puerto Rico to slash the minimum wage to $4.25 an hour for up to five years.

As noted below, sometimes strings are attached.

Sanders warned that the control board would have the power to cut the budget, slash pensions and take other measures. He notes that most of the control board would be chosen by Ryan and Senate Majority Leader Mitch McConnell, R-Ky.

HOP ABOARD THE PUERTO RICAN EXPRESS BEFORE IT LEAVES THE STATION

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Without looking back, the parasites are leaving the island. (click) Bankrupt, Puerto Rico had no choice but to blackmail the United States Government, yeah Paul the Liberal Ryan, is bailing them out. The stinkers oh $75 Big Ones, that’s $75,000,000 (billion) gone up in smoke. You can’t make this stuff up. Three million people blew a whole wad of cash on living like the Greeks. And by the way, the Greeks are out of cash. They are coming back for more. Once a beggar, once a liar, you are always a beggar and liar.

Forget Obama, Ryan, McConnell, Boehner, give me a break. Send them to the other side of the moon. We do not want to hear from them again. “Finito”

PR flag bill.jpg

From Fox News: The goal of legislation is to reduce the island’s debt burden before it defaults on a $2 billion debt payment due July 1. Earlier this month,Puerto Rico missed most of a $422 million payment.

UPDATE: PUERTO RICO – NO MORE – A HAVEN FOR THE WELFARE MAVEN

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The spendthrift government of Puerto Rico failed to make a $370,000,000 interest payment today; their excuse, we don’t have the money. That’s a lie, one of many that have come from the Governor’s mouth. What they don’t tell you is that the money is there, but they do not want to pay their creditors because the parasitic government worker will go bananas. After living high off the hog, the union nincompoops are livid that the possibility of a salary cut is in the offing.

Don’t forget that Puerto Rico is a scam socialist paradise of the highest order.  They say that making the payment will cut government service; not so. What they don’t want to cut are salaries of people who are on a siesta all day; the ones who vote for the politician who will give them the most money – Democrats mind you.

Make it your business to call your Senator and Congressman and tell them in no uncertain terms that bailing out Puerto Rico will put their job in jeopardy. Maybe they will understand this language.

 

Most Americans have fond memories of Puerto Rico, either from visiting the island or the magistical lore portrayed by the many novelists who described its inner beauty . However, what was once was is no more; the island is suffering a devastating financial crisis, a major tsunami of debt is in the process of drowning what is left of the once invincible island; think of a $72 billion debt wall which will bring it down. However, those who have borrowed don’t have any remorse, they are blaming those who loaned them the money. Talk about chutzpah.

Vultures. People who lent Puerto Rico money and now expect to be paid are being portrayed as greedy vultures.

But Puerto Rico’s $70 billion debt crisis isn’t just a battle between New York hedge funds and a cash-strapped little island. As you see Puerto Rico is on a collision course with destiny.

Senators in Puerto Rico say they will not approve an amended bill that would exclude certain bonds issued by the government from a debt moratorium.

A caucus of senators from Puerto Rico’s ruling party said Tuesday that the bill is not consistent with the $70 billion debt restructuring that the U.S. territory is seeking from Congress.

Puerto Rico received more than $6.5 billion annually in federal aid from the United States. A substantial portion of this amount is earmarked for public welfare, including funding educational programs (such as Head Start), subsidized housing programs (such as (Section 8 and public housing projects), and a food stamp system called the Nutrition Assistance for Puerto Rico program.

See the previous Blog Post from December 2015

DEAD BEAT GOES BANKRUPT – AND THE AMERICAN TAXPAYER HOLDS THE BAG

Puerto Rico (The Rich Port) has given notice that the island will default on $37 million in debt due this week. This will set the stage for debt consolidation where the creditors unwillingly take a haircut.Flag of Puerto Rico

How did such a beautiful place get into debt in the first place; simply put the politicians borrowed their way to fame. Over the past two decades the ruthless scoundrels that they are borrowed, borrowed and borrowed some more showering the people with free goodies. The problem here though is simple, the people in Puerto Rico don’t have jobs, so how could they ever pay the money back. But this was no concern to the Governors, they were only worried about their reelection.

PUERTO RICO – FOOD STAMP NATION

One third – 33% of Puerto Rico’s population is on food stamps costing the United States over $2 billion per year.  Puerto Rico had a higher public assistance participation rate (5.9 percent) than the national average (2.9 percent), this means that twice as many per capita receive welfare. For those who stay, rich welfare benefits provide a disincentive to work. A household of three can receive $1,743 per month in food stamps, Medicaid, utility subsidies and welfare compared to minimum-wage take-home pay of $1,159. Employers are required to provide 15 days of vacation and 12 sick days annually and a $600 Christmas bonus. Government employees make up a quarter of the island’s workforce.

A more appropriate name should be Puerto Welfare.

PUERTO RICO THE SOCIALIST PARADISE OF THE CARIBBEAN DROWNING IN DEBT

The Greek debacle has been the focus of late on its on again-off again debt restructuring, but that doesn’t mean that the troubles in Puerto Rico are playing second fiddle. Puerto Rico is on the hook for close to $100 billion. That is a boat load of pina coladas. SoBe Smooth Pina Colada Drink - 20-Fl. Oz. Bottles (Pack of 12)Just in case you haven’t been initiated in the Puerto Rico way of doing business we bring you their number one life saver, welfare and social security.  Puerto Rico is a disability fraud paradise. The top 10 U.S. zip codes tied to people receiving disability benefits, nine are in Puerto Rico. Flag of Puerto Rico

The sharks are circling the waters in the hope of default if and when it happens. The rich island has a dark journey ahead, tourism is in the tank, the economy is in a perpetual depression, drugs are rampant and most of all the government will not do what needs to be done; cut bait.

But Puerto Rico is part of the United States and is a metaphor for liberal bastions like Illinois and Connecticut, both drowning  the sea of debt. Utmost on the minds of the Puerto Rican is not the rising sea levels, but their share of the islands IOU’s. By the way, in case you didn’t notice, Puerto Rico has a population similar to Connecticut, 3,5 million or simply put a debt of $22,000 for each of its citizens. And true to form the Commonwealth’s economy has slowly reached the point of no return being sucked down by a giant whirlpool that not even Captain Nemo can save.Twenty Thousand Leagues Under the Sea by Jules Verne

DEAD BEAT GOES BANKRUPT – AND THE AMERICAN TAXPAYER HOLDS THE BAG

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Puerto Rico (The Rich Port) has given notice that the island will default on $37 million in debt due this week. This will set the stage for debt consolidation where the creditors unwillingly take a haircut.Flag of Puerto Rico

How did such a beautiful place get into debt in the first place; simply put the politicians borrowed their way to fame. Over the past two decades the ruthless scoundrels that they are borrowed, borrowed and borrowed some more showering the people with free goodies. The problem here though is simple, the people in Puerto Rico don’t have jobs, so how could they ever pay the money back. But this was no concern to the Governors, they were only worried about their reelection.

PUERTO RICO – FOOD STAMP NATION

One third – 33% of Puerto Rico’s population is on food stamps costing the United States over $2 billion per year.  Puerto Rico had a higher public assistance participation rate (5.9 percent) than the national average (2.9 percent), this means that twice as many per capita receive welfare. For those who stay, rich welfare benefits provide a disincentive to work. A household of three can receive $1,743 per month in food stamps, Medicaid, utility subsidies and welfare compared to minimum-wage take-home pay of $1,159. Employers are required to provide 15 days of vacation and 12 sick days annually and a $600 Christmas bonus. Government employees make up a quarter of the island’s workforce.

A more appropriate name should be Puerto Welfare.

PUERTO RICO THE SOCIALIST PARADISE OF THE CARIBBEAN DROWNING IN DEBT

The Greek debacle has been the focus of late on its on again-off again debt restructuring, but that doesn’t mean that the troubles in Puerto Rico are playing second fiddle. Puerto Rico is on the hook for close to $100 billion. That is a boat load of pina coladas. SoBe Smooth Pina Colada Drink - 20-Fl. Oz. Bottles (Pack of 12)Just in case you haven’t been initiated in the Puerto Rico way of doing business we bring you their number one life saver, welfare and social security.  Puerto Rico is a disability fraud paradise. The top 10 U.S. zip codes tied to people receiving disability benefits, nine are in Puerto Rico. Flag of Puerto Rico

The sharks are circling the waters in the hope of default if and when it happens. The rich island has a dark journey ahead, tourism is in the tank, the economy is in a perpetual depression, drugs are rampant and most of all the government will not do what needs to be done; cut bait.

But Puerto Rico is part of the United States and is a metaphor for liberal bastions like Illinois and Connecticut, both drowning  the sea of debt. Utmost on the minds of the Puerto Rican is not the rising sea levels, but their share of the islands IOU’s. By the way, in case you didn’t notice, Puerto Rico has a population similar to Connecticut, 3,5 million or simply put a debt of $22,000 for each of its citizens. And true to form the Commonwealth’s economy has slowly reached the point of no return being sucked down by a giant whirlpool, even Captain Nemo can’t save this one.Twenty Thousand Leagues Under the Sea by Jules Verne

HEY YOU, YES YOU, THE AMERICAN TAXPAYER, “DO YOU LIKE BAILING OUT LOW LIFES?”

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Who are those low lifes? They are the people who reside in Puerto Rico. Same as the Greeks, living high off someone else’s hog. Now it is time to pay and they have no money. Oh, but wait, they have a rich uncle in Washington; his name is Obama, the Democrat liberal progressive Keynesian Obama. His solution to the Puerto Rico problem is to make it your problem. Yes you heard us right. Obama is going to saddle the United States Taxpayer with Puerto Rico’s $72,000,000,000 in debt ($72 billion). 

Why is he doing this? See most Puerto Ricans are Democrats, if they were Republicans Obama would throw them off the truck. But Democrats mean voters. You see where we are getting at. This is the old break the bank scenario perpetrated by Cloward -Piven strategy. 

“Puerto Rico, and the 3.5 million American citizens who call the island home, are facing a serious crisis that requires immediate congressional action. The Commonwealth has been mired in a decade long recession, during which more than 300,000 people left the island, the island’s economy shrank and unemployment soared, and the Commonwealth’s fiscal hole deepened. Puerto Rico has taken emergency actions to address these challenges, but those actions will be exhausted this winter.

PUERTO RICO – FOOD STAMP NATION

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One third – 33% of Puerto Rico’s population is on food stamps costing the United States over $2 billion per year.  Puerto Rico had a higher public assistance participation rate (5.9 percent) than the national average (2.9 percent), this means that twice as many per capita receive welfare. For those who stay, rich welfare benefits provide a disincentive to work. A household of three can receive $1,743 per month in food stamps, Medicaid, utility subsidies and welfare compared to minimum-wage take-home pay of $1,159. Employers are required to provide 15 days of vacation and 12 sick days annually and a $600 Christmas bonus. Government employees make up a quarter of the island’s workforce.

A more appropriate name should be Puerto Welfare.

“SHARED SACRIFICE” CAN YOU REPEAT THAT?

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The words sited in the above title were dispensed by the Governor of Puerto Rico. This is thug talk. To suggest shared sacrifice between debt holders and the parasites who lied, cheated, swindled their way to government free-bees is a non starter. Think of the moxie here, the debt holders came to the rescue time and time again, they might be stupid but they were saviors. No one else would give them credit.

To set the record straight Puerto Rico is a leach paradise, government dispensed lies continued for decades. No politician has survived by telling it like it is. A country that relies on the credit of others is not a country. And so it goes for Puerto Rico a disaster both financially and of the human kind. For the past three decades they have committed themselves to sustainability by borrowing more than they could pay back, filling holes in their budget by borrowing to fill the gaps. In other words, “they lived beyond their means.”

The solution is to accept the bitter medicine to revive the cadaver, but no, Puerto Rico wants the debt holders to swallow hard and accept the proverbial haircut. Obama has weighed in and so has the do-gooders in Congress who say that a helping hand is just a stone’s throw away. This is obfuscation, the underlying message is that the tax paying citizens of the United States will once again be forced to bailout out the parasites.

Needless to say that 9 out of the 10 zip codes with the most people on Social Security Disability are in Puerto Rico; debt per capita is higher than any of the fifty states. Only one solution exists – a military one – a debt holder take over by force. Shark infested waters would relish the human blubber of those fleeing the island.