Tag Archives: Debt

Puerto Rico: changing the focus of government

Posted on March 16, 2016 by FRANK WORLEY

At one point in its not to distant past, the government of Puerto Rico owned just about everything.   It owned the shipping company ‘Navieras,’ the Puerto Rico Telephone Company and still owns the Water and Sewer Authority and the … Continue reading →

Posted in Budget, Business, capitalism, Economy, Education, healthcare, socialism, Uncategorized | Tagged , , , | 2 Comments

UPDATE: Statehood’s 210 Trillion dollar question

Posted on July 14, 2015 by FRANK WORLEY

Do you want to saddle your children with 640 thousand dollars in debt before they even get out of diapers? Continue reading →

Posted in Economy, Puerto Rico, Status | Tagged , , , , , , , , | 1 Comment

Puerto Rico, Greece, herald grim future for USA

Posted on July 2, 2015 by FRANK WORLEY

for many years the statehood movement has argued ‘Statehood or Independence NOW.’ Well, ‘now’ has arrived and we still haven’t chosen. Continue reading →

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Puerto Rico: governors speech falls short

Posted on June 29, 2015 by FRANK WORLEY

Listening to tonight’s speech by Puerto Rico governor Alejandro Garcia Padilla was an exercise in disappointment.  The governor, who sounded nervous at the begining of his speech; spoke in general of solutions, but once again avoided the kinds of specifics … Continue reading →

Posted in Budget, Economy, Puerto Rico, Status | Tagged , , , , , , | 1 Comment

Puerto Rico into goes full Ponzi Scheme mode

Posted on June 4, 2015 by FRANK WORLEY

It won’t be long before the entire house of cards comes crumbling down. Continue reading →

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Puerto Rico cuts budget by increasing spending

Posted on May 21, 2015 by FRANK WORLEY

A higher level of incompetence has never been seen under the American flag. Continue reading →

Posted in Budget, Puerto Rico | Tagged , , , , | 3 Comments

PR Statehood’s 18 trillion dollar problem

Posted on May 11, 2015 by FRANK WORLEY

Most statehood advocates avoid even discussing the problem of the national debt… There is good reason for that. Continue reading →

Posted in Economy, Puerto Rico, Status | Tagged , , , , , , | 1 Comment

Detroit disaster equals Puerto Rico promises

Posted on April 8, 2015 by FRANK WORLEY

If you have followed Puerto Rico’s economic crisis and mindless politics you’ll notice a similarity.  Promise after promise of what is in essence a Marxist Utopia of universal health care, workers rights and government protection regulation. One promise after another … Continue reading →

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#Socialist government action plan: blame someone, take their money

Posted on March 12, 2015 by FRANK WORLEY

Greece is bankrupt…BLAME Germany! Continue reading →

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Puerto Rico does NOT have a revenue problem

Posted on October 10, 2014 by FRANK WORLEY

How long will it take for the politicians of Puerto Rico to learn how to do math? How long before they learn to understand the reality of cause and effect? Continue reading →

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