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Politics : Politics for Conservatives
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To: FJB who wrote (55380)7/30/2015 1:17:39 PM
From: FJB  Read Replies (2) of 124700
 
Bill de Blasio Demands A Federal Bailout For Puerto Rico

Submitted by Tyler Durden on 07/30/2015 - 12:40 While the Puerto Rican creditors' bargaining power on the island is to put it mildly, negligible, especially after the budget director made the imminent default into a crusade of poor versus rich, saying he won’t redirect cash from its operating budget to make debt payments, an unexpected supporter has emerged thousands of miles from the beleaguered island: New York's socialist mayor Bill DeBlasio. As CBS reports "New York City Mayor Bill de Blasio demanded President Obama and Congress immediately come to the island's fiscal rescue." "It's the federal government's obligation to act, because they can't stand idly by and watch Puerto Rico fail," de Blasio told a crowd of hundreds of Puerto Rico boosters gathered on the steps of City Hall.
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