So Puerto Rico is in trouble. They spent so much money on
welfare programs and government spending that they are going bankrupt.
Their response was to hire more government workers, 300 in fact (Fox News
is the source of this information). Right now in Washington D.C. they are
deciding if they are going to try and bail out Puerto Rico. My response
is "hell no".
Some of you are wondering why we should
not bail Puerto Rico out. Simple answer is that we did not cause the
mess. Puerto Rico is a self-governing territory of the United States.
So while its citizens double as U.S. citizens, it is effectively a
completely different government and has sovereignty over itself. Would
the United States bail out another country like China or Britain? Well.....yea
ok they would, however that is the problem. My country the United States
has bailed out multiple countries multiple times in the continent of Africa,
and around the world by forgiving their debts to us or giving them money.
You could say the United States is too darn generous. Now we owe
over 18 trillion in debt and no country is forgiving our debt saying "no
need to pay us back, we cool". Not happening. So what does
this have to do with bailing out Puerto Rico? It is the line in the sand.
No more bailouts, debt forgiveness or anything. Clean up your own
financial mess as you are the one who caused it.
Conclusion: I sympathize with the Puerto Rican
people as I have family who are from Puerto Rico. They are going to have
a rough time once the Puerto Rican government files for bankruptcy. But
it is time Puerto Rico, and even my home State of New York who also has its
debt worries, cut the fat in government, cut unnecessary laws that hinder
growth, and ultimately take care of itself.
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