Monday, June 17, 2019
until you run out of other people's money
I was recently in Puerto Rico. Let's be honest here, the place is a shit hole. The problems that this island has were around LONG before Donald Trump and Hurricane Maria. Puerto Rico has elected nothing but liberals for decades, and as a result the debt of the place is outrageous at over $123 billion. With a population of only 3 million, this means that each person on the island's share is about $41,000.
So how do the residents of Puerto Rico want to solve the issue? How do socialists ALWAYS solve their fiscal issues? They get the money from someone else. That brings us to the main point of today's post. I took this picture in San Juan.