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A Greece of Our Very Own
Another Default for Puerto Rico
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  • Andrew Allison

    The slow-moving catastrophe is by no means limited to PR, and Congress and the Executive Branch of the United States cannot possibly have failed to foresee that out-of-control deficit spending cannot continue indefinitely. The elephant in the room is the nationwide municipal debt, for which a bail-out of PR would establish a precedent. Realistically, the only way to reign in municipal deficit spending is for the muni bond market to dry up. The alternative is for municipal debt to slowly but surely be transferred to the Federal government.

  • Bucky Barkingham

    A prime example of how current governmental entities are not doing what the public expects them to do. Is it any wonder that voters are fed up with the status quo?

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