Puerto Rico Runs Out of Money

Discussion in 'Et Cetera, Et Cetera' started by Lex, May 1, 2006.

  1. Lex

    Lex
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    In Your Darkest Thoughts and Dreams
    Since we are talking about the US Ecomony and immigration and all that.

    YIKES.

    This is NOT good.

     
  2. Gisella

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    Yes Lex..i was reading about this situation there too...

    :eek:

    people are not getting paid and et...terrible!!!
     
  3. Shelby

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    Since Puerto Rico is only a commonwealth and not an actual state, this turn of events may not be the direct responsibility of President Bush.

    Or is it?
     
  4. AMikkell

    AMikkell New Member

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    Let me get this straight, government delays have caused massive problems. I'm shocked, simply shocked, that this could ever have happened.
     
  5. Matthew

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    I don't guess it will help if I offer to loan them 20 bucks.
     
  6. Lex

    Lex
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    Your money is now OUR money, Matt-Matt.

    We did not discuss this.

    :wink:
     
  7. Matthew

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    Lex, can I lend $20 to help Puerto Rico?
     
  8. prepstudinsc

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    If you go there for your honeymoon, you can spend a lot of money there and then it will be left in the economy.
     
  9. Lex

    Lex
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    No. We need to give that money to PrepStud so he can make this month's child support payments.

    Puerto Rico will have to wait until June.
     
  10. prepstudinsc

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    I won't have to make the payments if I marry her. I'll be forever indebted.
    Then you can send all your money to your godchildren and take them to Puerto Rico like all good uncles are wont to do.

    Anyway, back to the subject at hand...
    Since PR is a Commonwealth of the United States, how much authority does the Federal Government have in this or does something like this operate as if it were a state having financial problems?
     
  11. headbang8

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    Reform the system. Use a parliamentary model. The goevrnor/presodent is the majority leader in the house. That way, the majority will NEVER "block supply" as they say in the UK, Canada, etc... People pay more attention to whom they send to congress. Laws get enforced by the executive branch. And things get done.
     
  12. GoneA

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    yeah, i just mailed them $10 ... that would help if they cheapen-up the c-o-l-a


    nah, but i heard certain governmental programs are still in operation: garbage collection, being one of them. things like that should help. :redface:
     
  13. dong20

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    No....they have to learn not to spend their entire allowance on sweets on the first day of the month.:tongue:

    If I remember right isn't PR exempt from US IRS code with it's own taxation system and thus responsible for it's own revenue generation....sorry it's been a while. Could the US bail them out if it wanted to?
     
  14. AMikkell

    AMikkell New Member

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    The U.S. government already gives money to Puerto Rico. The economy of Puerto Rico is horrible, and so the U.S. government has to help in order to keep them afloat. Ultimately, what I got out of the article was that the money they were recieving was mismanaged, probably due to politics, and so now they don't have enough. The article says that they never agreed to a budget for the years 2005 and 2006. I feel the U.S. government shouldn't help them anymore, they messed it up, so they can fix it.
     
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