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Consider two individuals. One is a 65 year old Puerto Rican government worker who repeatedly voted for politicans who made promises that were mathematically imp
by yummyfajitas 11y ago
Consider two individuals. One is a 65 year old Puerto Rican government worker who repeatedly voted for politicans who made promises that were mathematically impossible to keep. If anyone is responsible for the current mess, it's him.
The second is a 24 year old software engineer in California. He never had the opportunity to vote in any election prior to 2010 (when the mistakes were deliberately made) and never got to vote in PR.
A bailout would be a hugely immoral transfer of wealth from the second person to the first.
Puerto Rico and Illinois need to be made an example of. As the rest of the country watches PR and Illinois collapse they might demand that their politicians engage in some degree of fiscal responsibility.
- ra1n85 11y agoSadly, you illustrate a lesson that must be first documented and then learned from. Some, who find the hard realities of this arithmetic a bit too at odds with their ideology, will fail to do either. Unfortunately, a lot of these folks are in the media, academia, and government. It's like the Great Leap Forward, but just replace homemade steel with public service, and massive starvation with massive debt.
- PhantomGremlin 11y agoa hugely immoral transfer of wealth That phrase pretty much describes the primary function of the US federal government these days, doesn't it? No, not kidding, not sarcastic. fiscal responsibility When does fiscal responsibility come to the US federal government? We can solve the problems of places like Puerto Rico with the equivalent of loose change lost under the sofa cushions, compared to what the feds have promised everyone!
- thefastlane 11y agoit would be the height of immorality to renege on contractually agreed-upon compensation for workers.
- yummyfajitas 11y agoCalifornia and NY have no contract with Puerto Rican or Illinois pensioners.