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Re: Greece, Puerto Rico and Democrats
#28
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Chapter 9 will allow for a organized debt restructuring . Puerto Rico as their Governor has stated cannot pay its debts . An organized debt restructure initially for some of their public corporations such as PREPA will allow PR to modernize their electrical systems . Otherwise they will just stop paying .
prepa has been mismanged for years. puerto rico should give prepa to the bondholders or sell it to a private entity that can better manage prepa.

puerto rico can repay its debts.....the fact is that the governor is taking the easy, politically expedient way out. six months ago, padilla said that pr could repay, and then it hired some judge who obviously is going to claim that puerto rico can not pay; the governor is the paymaster.

puerto rico needs some type of oversight to cut the fat and raise revenue, and if that is insufficient then maybe puerto rico might deserve some type of haircut.

interesting article from reuters, stating that puerto rico is only capturing 56% of its taxes due.

http://www.huffingtonpost.com/2014/02 ... ax-evaders_n_4818197.html


PR's debt per capita is 16K per capita. GBP per capital was 16K in 2010 (and this includes government spending). What makes you think this can be paid back?

nah...puerto rico's debt can be paid back. stop the tax evasion, sell prepa, cut pensions benefit (fyi, interest payments to bondholders are EXPLICITLY given preference over pension payments, education payments in the bond indentures)

why doesn't puerto rico sell prepa or give it to the bondholders if it can't pay? damn, i hate that i'm sounding like a republican! or maybe rahm emanuel! i am hopeful that congress will not allow chapter 9 for puerto rico...san juan and pr's other ugly cities, perhaps, but not for the commonwealth.


Show your math
pr's debt does not need to be paid all at once. if puerto rico better managed its finances, reduced MASSIVE tax evasion and reduced headcount, closed schools, etc, then its debts could be paid back. puerto rico is no detroit!

http://www.hjsims.com/news-views/inve ... nd-payments/#.VZ1bVvnF964


Show your math

Posted on: 2015/7/8 17:55
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Re: Greece, Puerto Rico and Democrats
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Amazingly, Hillary roping up the press corps in New Hampshire like a bunch of farm animals won't be enough for them to press her on the email scandal, the pay-for-play connections of her time at the State Department/Clinton Foundation . . .
i think they decided to restrict the press so that they parade could flow normally


I haven't seen any other candidate, of any party, cattle roping press to keep them away. Of course, no other candidate would seem to need to keep the press away either!

You haven't? Seriously? Did you forget about Christie keeping out local press and only allowing national press recently?

Ultimately, this is the saddest field of candidates ever. The Republicans are trotting out the absurd while the Democrats have a re-run with a different gender in the starring role. This really sucks.


Er, no. The private meeting Christie held with the national press was just that, a private, off the record meeting. The local press joined later. The Clinton 'rope the dopes' was a open walk on public streets, lol.

Did Christie host national press members and bar local press? Yes.

What it was for and why makes no difference. The fact remains that the guy did it. It's no different than Hillary now.


Er, no. Christie invited press members from AP, the New York Times (not exactly his biggest supporters, lol), CNN (ditto), ABC, (double ditto), and NBC (triple ditto) to his private chat.

He opened up the off the record chat to national rather than local reporters.

He didn't cordon off ALL REPORTERS.

If the distinction is beyond your comprehension I can't really help that.

Posted on: 2015/7/8 17:53
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Re: Greece, Puerto Rico and Democrats
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Sending me links from HJ Sims ? Drill a little deeper on Richard Larkin he has been wrong for over 2 yrs now on PR . HJ Sims is in the ass covering mode on PR .
puerto rico needs to cut pensions, close schools...there is simply that puerto rico can, but won't do. some of the bondholders need to get paid before pensionholders and that is stated in the indentures.....this is gonna be fun because pr has been managed recklessly for decades and i don't see democratic leaders trying to reverse this,,in fact, they probably want to make the rot seem greater than it actually is so that they can gain sympathy, get concessions from the bondholders.

also, if prepa is so indebted, why not just give it to bondholders and call it a day?

Posted on: 2015/7/8 17:46
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Re: Greece, Puerto Rico and Democrats
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Sending me links from HJ Sims ? Drill a little deeper on Richard Larkin he has been wrong for over 2 yrs now on PR . HJ Sims is in the ass covering mode on PR .

Posted on: 2015/7/8 17:39
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Re: Greece, Puerto Rico and Democrats
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hero69 wrote:
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Walters wrote:
Chapter 9 will allow for a organized debt restructuring . Puerto Rico as their Governor has stated cannot pay its debts . An organized debt restructure initially for some of their public corporations such as PREPA will allow PR to modernize their electrical systems . Otherwise they will just stop paying .
prepa has been mismanged for years. puerto rico should give prepa to the bondholders or sell it to a private entity that can better manage prepa.

puerto rico can repay its debts.....the fact is that the governor is taking the easy, politically expedient way out. six months ago, padilla said that pr could repay, and then it hired some judge who obviously is going to claim that puerto rico can not pay; the governor is the paymaster.

puerto rico needs some type of oversight to cut the fat and raise revenue, and if that is insufficient then maybe puerto rico might deserve some type of haircut.

interesting article from reuters, stating that puerto rico is only capturing 56% of its taxes due.

http://www.huffingtonpost.com/2014/02 ... ax-evaders_n_4818197.html


PR's debt per capita is 16K per capita. GBP per capital was 16K in 2010 (and this includes government spending). What makes you think this can be paid back?

nah...puerto rico's debt can be paid back. stop the tax evasion, sell prepa, cut pensions benefit (fyi, interest payments to bondholders are EXPLICITLY given preference over pension payments, education payments in the bond indentures)

why doesn't puerto rico sell prepa or give it to the bondholders if it can't pay? damn, i hate that i'm sounding like a republican! or maybe rahm emanuel! i am hopeful that congress will not allow chapter 9 for puerto rico...san juan and pr's other ugly cities, perhaps, but not for the commonwealth.


Show your math
pr's debt does not need to be paid all at once. if puerto rico better managed its finances, reduced MASSIVE tax evasion and reduced headcount, closed schools, etc, then its debts could be paid back. puerto rico is no detroit!

http://www.hjsims.com/news-views/inve ... nd-payments/#.VZ1bVvnF964

Posted on: 2015/7/8 17:23
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Re: Greece, Puerto Rico and Democrats
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72 Billion in debt ( largest municipal debt outside of NY & Cal.) 3.6 million people down from 4MM just a couple of years ago. Fastest depopulating state or country in the world . They aren't going to pay , get what you can. Outside of hedge funds , PR is cut off from normal capital markets . I get the lack of tax collection , but your looking to squeeze water from a rock.

Posted on: 2015/7/8 17:22
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Re: Greece, Puerto Rico and Democrats
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hero69 wrote:
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Walters wrote:
Chapter 9 will allow for a organized debt restructuring . Puerto Rico as their Governor has stated cannot pay its debts . An organized debt restructure initially for some of their public corporations such as PREPA will allow PR to modernize their electrical systems . Otherwise they will just stop paying .
prepa has been mismanged for years. puerto rico should give prepa to the bondholders or sell it to a private entity that can better manage prepa.

puerto rico can repay its debts.....the fact is that the governor is taking the easy, politically expedient way out. six months ago, padilla said that pr could repay, and then it hired some judge who obviously is going to claim that puerto rico can not pay; the governor is the paymaster.

puerto rico needs some type of oversight to cut the fat and raise revenue, and if that is insufficient then maybe puerto rico might deserve some type of haircut.

interesting article from reuters, stating that puerto rico is only capturing 56% of its taxes due.

http://www.huffingtonpost.com/2014/02 ... ax-evaders_n_4818197.html


PR's debt per capita is 16K per capita. GBP per capital was 16K in 2010 (and this includes government spending). What makes you think this can be paid back?

nah...puerto rico's debt can be paid back. stop the tax evasion, sell prepa, cut pensions benefit (fyi, interest payments to bondholders are EXPLICITLY given preference over pension payments, education payments in the bond indentures)

why doesn't puerto rico sell prepa or give it to the bondholders if it can't pay? damn, i hate that i'm sounding like a republican! or maybe rahm emanuel! i am hopeful that congress will not allow chapter 9 for puerto rico...san juan and pr's other ugly cities, perhaps, but not for the commonwealth.


Show your math

Posted on: 2015/7/8 16:53
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Re: Greece, Puerto Rico and Democrats
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If you were educated, born and raised in PR . You would leave and move to central Florida as a Puerto Rican you are a US citizen . The growth of tourism in Cuba will be the death blow to PR. It's now time to manage PR into a smaller economy . Has PR been mismanaged , yes . Would any entity buy PREPA ? No. PREPA burns oil to create ALL of PR's power . PR's sales tax is now 11.5% .

Posted on: 2015/7/8 16:44
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Re: Greece, Puerto Rico and Democrats
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hero69 wrote:
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Walters wrote:
Chapter 9 will allow for a organized debt restructuring . Puerto Rico as their Governor has stated cannot pay its debts . An organized debt restructure initially for some of their public corporations such as PREPA will allow PR to modernize their electrical systems . Otherwise they will just stop paying .
prepa has been mismanged for years. puerto rico should give prepa to the bondholders or sell it to a private entity that can better manage prepa.

puerto rico can repay its debts.....the fact is that the governor is taking the easy, politically expedient way out. six months ago, padilla said that pr could repay, and then it hired some judge who obviously is going to claim that puerto rico can not pay; the governor is the paymaster.

puerto rico needs some type of oversight to cut the fat and raise revenue, and if that is insufficient then maybe puerto rico might deserve some type of haircut.

interesting article from reuters, stating that puerto rico is only capturing 56% of its taxes due.

http://www.huffingtonpost.com/2014/02 ... ax-evaders_n_4818197.html


PR's debt per capita is 16K per capita. GBP per capital was 16K in 2010 (and this includes government spending). What makes you think this can be paid back?

nah...puerto rico's debt can be paid back. stop the tax evasion, sell prepa, cut pensions benefit (fyi, interest payments to bondholders are EXPLICITLY given preference over pension payments, education payments in the bond indentures)

why doesn't puerto rico sell prepa or give it to the bondholders if it can't pay? damn, i hate that i'm sounding like a republican! or maybe rahm emanuel! i am hopeful that congress will not allow chapter 9 for puerto rico...san juan and pr's other ugly cities, perhaps, but not for the commonwealth.

Posted on: 2015/7/8 16:00
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Re: Greece, Puerto Rico and Democrats
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Walters wrote:
Chapter 9 will allow for a organized debt restructuring . Puerto Rico as their Governor has stated cannot pay its debts . An organized debt restructure initially for some of their public corporations such as PREPA will allow PR to modernize their electrical systems . Otherwise they will just stop paying .
prepa has been mismanged for years. puerto rico should give prepa to the bondholders or sell it to a private entity that can better manage prepa.

puerto rico can repay its debts.....the fact is that the governor is taking the easy, politically expedient way out. six months ago, padilla said that pr could repay, and then it hired some judge who obviously is going to claim that puerto rico can not pay; the governor is the paymaster.

puerto rico needs some type of oversight to cut the fat and raise revenue, and if that is insufficient then maybe puerto rico might deserve some type of haircut.

interesting article from reuters, stating that puerto rico is only capturing 56% of its taxes due.

http://www.huffingtonpost.com/2014/02 ... ax-evaders_n_4818197.html


PR's debt per capita is 16K per capita. GBP per capital was 16K in 2010 (and this includes government spending). What makes you think this can be paid back?

Posted on: 2015/7/8 15:54
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Re: Greece, Puerto Rico and Democrats
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Monroe wrote:
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hero69 wrote:
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Monroe wrote:
Amazingly, Hillary roping up the press corps in New Hampshire like a bunch of farm animals won't be enough for them to press her on the email scandal, the pay-for-play connections of her time at the State Department/Clinton Foundation . . .
i think they decided to restrict the press so that they parade could flow normally


I haven't seen any other candidate, of any party, cattle roping press to keep them away. Of course, no other candidate would seem to need to keep the press away either!

You haven't? Seriously? Did you forget about Christie keeping out local press and only allowing national press recently?

Ultimately, this is the saddest field of candidates ever. The Republicans are trotting out the absurd while the Democrats have a re-run with a different gender in the starring role. This really sucks.


Er, no. The private meeting Christie held with the national press was just that, a private, off the record meeting. The local press joined later. The Clinton 'rope the dopes' was a open walk on public streets, lol.

Did Christie host national press members and bar local press? Yes.

What it was for and why makes no difference. The fact remains that the guy did it. It's no different than Hillary now.

Posted on: 2015/7/8 15:40
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Re: Greece, Puerto Rico and Democrats
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Walters wrote:
Chapter 9 will allow for a organized debt restructuring . Puerto Rico as their Governor has stated cannot pay its debts . An organized debt restructure initially for some of their public corporations such as PREPA will allow PR to modernize their electrical systems . Otherwise they will just stop paying .
prepa has been mismanged for years. puerto rico should give prepa to the bondholders or sell it to a private entity that can better manage prepa.

puerto rico can repay its debts.....the fact is that the governor is taking the easy, politically expedient way out. six months ago, padilla said that pr could repay, and then it hired some judge who obviously is going to claim that puerto rico can not pay; the governor is the paymaster.

puerto rico needs some type of oversight to cut the fat and raise revenue, and if that is insufficient then maybe puerto rico might deserve some type of haircut.

interesting article from reuters, stating that puerto rico is only capturing 56% of its taxes due.

http://www.huffingtonpost.com/2014/02 ... ax-evaders_n_4818197.html

Posted on: 2015/7/8 15:36
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Re: Greece, Puerto Rico and Democrats
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Chapter 9 will allow for a organized debt restructuring . Puerto Rico as their Governor has stated cannot pay its debts . An organized debt restructure initially for some of their public corporations such as PREPA will allow PR to modernize their electrical systems . Otherwise they will just stop paying .

Posted on: 2015/7/8 14:38
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Re: Greece, Puerto Rico and Democrats
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hero69 wrote:
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Monroe wrote:
Amazingly, Hillary roping up the press corps in New Hampshire like a bunch of farm animals won't be enough for them to press her on the email scandal, the pay-for-play connections of her time at the State Department/Clinton Foundation . . .
i think they decided to restrict the press so that they parade could flow normally


I haven't seen any other candidate, of any party, cattle roping press to keep them away. Of course, no other candidate would seem to need to keep the press away either!

You haven't? Seriously? Did you forget about Christie keeping out local press and only allowing national press recently?

Ultimately, this is the saddest field of candidates ever. The Republicans are trotting out the absurd while the Democrats have a re-run with a different gender in the starring role. This really sucks.


Er, no. The private meeting Christie held with the national press was just that, a private, off the record meeting. The local press joined later. The Clinton 'rope the dopes' was a open walk on public streets, lol.

Posted on: 2015/7/8 14:31
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Re: Greece, Puerto Rico and Democrats
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so now i see that hilary clinton is in favor of letting msi-managed puerto rico file for chapter 9 which is only available to municipalities. if illinois can not file for chapter 9, why should puerto rico be able to while it also gets benefit of being able to offer lower rates on its debt since interest on pr debt is triple tax free (another subsidy).

one would have thought democrats would have learned something. most of pr's economy is underground and the pr government needs to find a way to tax this.

anyway, if democrats keep up with nonsense of letting pr file bankruptcy, they will be even more in the minority come 2016.



It's not Puerto Rico that would file for Chapter 9, it's some of Puerto Rico's municipal entities, which are no different from municipal entities stateside (such as Jefferson County, Alabama; Detroit or Stockton, California) that have filed for Chapter 9 in recent years except that Puerto Rico's municipalities are currently specifically carved out of Chapter 9 for no good reason. Puerto Rico's debt problem is primarily at the municipal level, though it also has a lot of debt at the commonwealth level as well.

Posted on: 2015/7/8 14:25
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Re: Greece, Puerto Rico and Democrats
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Amazingly, Hillary roping up the press corps in New Hampshire like a bunch of farm animals won't be enough for them to press her on the email scandal, the pay-for-play connections of her time at the State Department/Clinton Foundation . . .
i think they decided to restrict the press so that they parade could flow normally


I haven't seen any other candidate, of any party, cattle roping press to keep them away. Of course, no other candidate would seem to need to keep the press away either!
the gop has 14 or 15 or 16 clowns running. mrs. clinton has more skills than all of them combined. still, i think she realizes that the gop is never gonna allow legislation to pass that would allow puerto rico to file bankruptcy; another court tossed puerto rico's attempt last night.

democrats need to learn to be more like merkel and less like tsipras!

Posted on: 2015/7/8 13:53
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Re: Greece, Puerto Rico and Democrats
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Monroe wrote:
Amazingly, Hillary roping up the press corps in New Hampshire like a bunch of farm animals won't be enough for them to press her on the email scandal, the pay-for-play connections of her time at the State Department/Clinton Foundation . . .
i think they decided to restrict the press so that they parade could flow normally


I haven't seen any other candidate, of any party, cattle roping press to keep them away. Of course, no other candidate would seem to need to keep the press away either!

You haven't? Seriously? Did you forget about Christie keeping out local press and only allowing national press recently?

Ultimately, this is the saddest field of candidates ever. The Republicans are trotting out the absurd while the Democrats have a re-run with a different gender in the starring role. This really sucks.

Posted on: 2015/7/8 13:50
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Re: Greece, Puerto Rico and Democrats
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Amazingly, Hillary roping up the press corps in New Hampshire like a bunch of farm animals won't be enough for them to press her on the email scandal, the pay-for-play connections of her time at the State Department/Clinton Foundation . . .
i think they decided to restrict the press so that they parade could flow normally


I haven't seen any other candidate, of any party, cattle roping press to keep them away. Of course, no other candidate would seem to need to keep the press away either!

Posted on: 2015/7/8 13:20
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I don't think you have a grasp of the concept of debt, capitalization, punctuation, grammar, etc.
i know one thing. democrats should learn to stop supporting people who don't take responsibility for their own actions. one would think they would have learned something from the last two elections! and i tend to vote democrat when i do vote

Donald Trump agrees with this...

Posted on: 2015/7/8 13:20
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i think they decided to restrict the press so that they parade could flow normally


I think it was much more than that....

WaPo: ?Our colleague Philip Rucker reports that initially the press had been able to get close to Clinton and observe and listen as she chatted up voters. Then he said campaign aides unfurled a rope that stretched across the street, blocking access to the candidate. Rucker said they were kept 10 to 15 feet away from Clinton and could no longer hear what she was saying to people.

But the press could clearly hear what some people were saying to her. A group of protesters followed her along the route shouting such sentiments as "What about Benghazi?" and "Show us your e-mails!"



Posted on: 2015/7/8 13:13
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Re: Greece, Puerto Rico and Democrats
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Amazingly, Hillary roping up the press corps in New Hampshire like a bunch of farm animals won't be enough for them to press her on the email scandal, the pay-for-play connections of her time at the State Department/Clinton Foundation . . .
i think they decided to restrict the press so that they parade could flow normally

Posted on: 2015/7/8 13:03
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Re: Greece, Puerto Rico and Democrats
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Amazingly, Hillary roping up the press corps in New Hampshire like a bunch of farm animals won't be enough for them to press her on the email scandal, the pay-for-play connections of her time at the State Department/Clinton Foundation . . .

Posted on: 2015/7/8 10:29
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Re: Greece, Puerto Rico and Democrats
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I don't think you have a grasp of the concept of debt, capitalization, punctuation, grammar, etc.
i know one thing. democrats should learn to stop supporting people who don't take responsibility for their own actions. one would think they would have learned something from the last two elections! and i tend to vote democrat when i do vote

Posted on: 2015/7/8 3:06
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"People should and do trust me," she told CNN's Brianna Keilar.

(Creepy in more ways than one)


Imagine what she looks like WITHOUT make-up. Look out Monica, here comes Bill again!! (literally!)

Posted on: 2015/7/8 2:58
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My favorite is how she uses a different accent depending on the state she's in!

https://www.youtube.com/watch?v=UCyvyyo6dtQ

Posted on: 2015/7/8 2:23
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Re: Greece, Puerto Rico and Democrats
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"People should and do trust me," she told CNN's Brianna Keilar.

(Creepy in more ways than one)

Posted on: 2015/7/8 1:37
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Re: Greece, Puerto Rico and Democrats
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I don't think you have a grasp of the concept of debt, capitalization, punctuation, grammar, etc.

Posted on: 2015/7/8 1:25
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Greece, Puerto Rico and Democrats
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so now i see that hilary clinton is in favor of letting msi-managed puerto rico file for chapter 9 which is only available to municipalities. if illinois can not file for chapter 9, why should puerto rico be able to while it also gets benefit of being able to offer lower rates on its debt since interest on pr debt is triple tax free (another subsidy).

one would have thought democrats would have learned something. most of pr's economy is underground and the pr government needs to find a way to tax this.

anyway, if democrats keep up with nonsense of letting pr file bankruptcy, they will be even more in the minority come 2016.


Posted on: 2015/7/8 0:54
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