Quote, . . . blah, blah, blah, . . . not a slogan, . . . blah, blah, blah, . . .
Originally posted by: hoops2
So the pj solution is a bailout?
QuoteDoing nothing is always an option.
Originally posted by: pjstroh
Doing "nothing" really isn't an option unless you want all states to collectively spend a trillion dollars more in interest. Even Ayn Rand Disciple, Paul Ryan, understands that.
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Originally posted by: pjstroh
. . . blah, blah, blah, . . . angry email, . . . . blah, blah, blah, golf time, . . . blah, blah, blah.
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Originally posted by: pjstroh
I don't have a horse in the race of the Puerto Rican crisis - nor do I have a particularly strong opinion on the matter. I simply point out "bailouts" aren't the only ways taxpayers can be on the hook.
- Increased debt payments for all states (even poor old DonDiegos can result)
[DonDiego says let the market for bonds work, i.e. reflect the realities of the marketplace; if a State cannot afford to borrow money, it shouldn't.]
- Mass unemployment in Puerto Rico resulting from DonDIego's free market utopia could result in more welfare, food stamp, and healthcare aid coming from taxpayers.
[Bad decisions by one's Government result in bad outcomes for their citizens. DonDiego opines that welfare provided by tax-paying citizens are not exempt from limits; expanded Government handouts are not the solution to everything.]
- More crime resulting from DonDiego's free market utopian solution in Puerto Rico would result in taxpayers paying for more incarceration
[Laws should be enforced; if they are not enforced they should be repealed. DonDiego makes a habit of avoiding high crime areas; he recommends this behavior to others.]
- Every taxpayer with investments in the cruise industry, resort/hotel industry would see some negative return on their investments with a failed Puerto Rican state...not to mention US Mainlanders who own real estate in that region.
[It is not the job of the US taxpayer to recompense those who have made financial decisions based upon poor research, . . . or perhaps even the expectation that the Government would recompense them for losses !
Have the Wall Street Big-Wigs who were bailed out last decade expressed any thankfulness to the taxpayers, . . . ever ?]
- A mass influx of non-white people might invade the US mainland from Puerto Rico (maybe even next door to DonDiego) to look for a better atmosphere to start over.
[Citizens of Puerto Rico have the right to emigrate to the Mainland; DonDiego has no objection to those who choose to do so in search of a better life. If émigrés move next door to poor old DonDiego he supposes they will appreciate his agronomic skills in hot pepper production more than his current neighbors.]
So, in summary, even though the lights are still on in Appalachia its not accurate to suggest there is no taxpayer cost associated with doing nothing.
[DonDiego never thought otherwise. Let the markets work. DonDiego supposes any "solution" which reduces poor old DonDiego's costs is likely to benefit most of his fellow taxpayers as well.]
But like I told Hoops - feel free to send an angry email to bailout czar, Paul Ryan, if you disagree.
[Like DonDiego explained above, he is not angry.]
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Originally posted by: pjstroh
- A mass influx of non-white people might invade the US mainland from Puerto Rico (maybe even next door to DonDiego) to look for a better atmosphere to start over.
[Citizens of Puerto Rico have the right to emigrate to the Mainland; DonDiego has no objection to those who choose to do so in search of a better life. If émigrés move next door to poor old DonDiego he supposes they will appreciate his agronomic skills in hot pepper production more than his current neighbors.]
