So, American taxpayer, Puerto Rico is going to “restructure” their debt, which built up under democrat leadership to an untenable level, bailout time! WJC juices up the CRA, threatening banks and mortage companies to loan to those who can’t afford a loan, unscrupulous people take advantage and 2008 happens. Will the political leaders be held to account by Bernie, or 1/26th American Indian senator, or former secretary of state, don’t hold your breath. Somehow they will find a conservative to blame.
Now, if the plan Congress is debating goes into effect a reasonable path forward may actually take place, the state can renegotiate their debt and bondholders may not take a haircut. Lots of maybes. The same thing happened in Washington, DC, in the 1990’s after decades of democrat leadership. Deju a vu all over again.
Why can’t those who love Hillary and Bernie see the writing on the wall, the more government we have the worse things will get. Santana said, paraphrasing, those who refuse to study history are doomed to relive it.